The 4th Industrial Revolution is here: driverless cars, 3-D printing, and Artificial Intelligence are the future. These innovations deliver the promise of better and more convenient lives to many. But they also disrupt the way in which we used to do things, including the way we work.
Some people think innovation is only about gadgets, high-tech industries, and laboratories. But this is only the tip of the iceberg! The truth is that there are many types of innovation that can have a transformational impact on everyday people’s lives.
Imagine this: You open your mail and it says that you are owed $1,200 from overpaid taxes! After recovering from your elation, you read on. The letter requests you to choose if you would like to be paid over the next year in increments of $100 every month or $300 every three months?
Un bon proviseur, ça change tout.
« L’on pense communément qu’un bon proviseur est la clef d’une école à succès. » C’est aussi ce que pensent Branch, Hanushek, et Rivkin dans leur étude sur les effets du rôle des proviseurs dans l’apprentissage des élèves. Mais comment peut-on mesurer la qualité d’un proviseur ? En utilisant une base de données provenant du Texas, aux États-Unis, ils ont employé la méthode de la valeur ajoutée, employée d’habitude pour mesurer la performance des enseignants. Ils ont contrôlé les informations générales sur les élèves (telles que le genre, l’origine ethnique, et un indicateur de pauvreté) ainsi que les résultats d’examens scolaires de l’année précédente. Ils se sont ensuite demandés comment l’apprentissage de ces élèves évoluait lorsque l’école changeait de proviseur ? Ils ont trouvé que lorsque la qualité d’un proviseur augmente d’un écart type de 1, l’apprentissage des élèves augmentait d’un écart type de 0,11. Même après quelques ajustements statistiques additionnels, leurs estimations les plus rigoureuses montrent « qu’une augmentation d’un écart type de 1 dans la qualité du proviseur, se traduit pour un écart type de plus ou moins 0,05 en bénéfice d’apprentissage moyen pour l’élève, soit, l’équivalent de deux mois additionnels d’apprentissage. »
We took over the management of the obstetrics, gynecology, and pediatric hospital in Yaoundé (HGOPY) in 2014, inheriting an institution that faced chronic structural debt, obsolete equipment, and dilapidated buildings. No debt repayment plan was in place and fixed expenses such as staff salaries and benefits were extremely high.
This situation was regrettably common in many institutions across Africa which were hit hard by the economic and social crisis that resulted from structural adjustment policies implemented in by several countries, including Cameroon. Furthermore, the decision to increase health care charges adversely affected the poorest, limiting their access to health care and leading to a rise in maternal and infant mortality rates.
In response, African countries signed the Abuja Declaration in 2000, committing to earmark at least 15% of their national budget to the health sector. In addition to the goal of providing universal health care, the sector was expected to enhance the performance, effectiveness, and efficiency of its services.
The recent decline in global commodity prices is proving to be very costly for South Africa. The deterioration of South Africa’s terms of trade since 2012 cost at least four percentage points of gross domestic product (GDP) growth. This estimate does not account for some important indirect effects generated by the commodity price shock, including the heightened volatility of the rand and its impact on investment decisions. Instead of global monetary policy developments, commodity price volatility is now understood as being the main driver of exchange rate and capital account volatility in South Africa, and in emerging markets more generally. And 91% of European investors surveyed in the second half of 2014 identified the volatility of the rand as a major constraint to doing business in South Africa.
The year 2016 was difficult for many countries. We estimate that global economic growth slowed from 2.7% in 2015 to 2.3% in 2016. High-income economies struggled with subdued growth and low inflation amidst increased uncertainty about policy direction in light of rising populism. Among emerging markets and developing economies, commodity exporters were most affected by the end of the commodity price boom, growing by only 0.3%—much in line with our estimate of 0.4% growth for South Africa, the lowest growth rate since the 2009 recession after the global financial crisis. By contrast, commodity importers carried the torch of global growth in 2016, expanding by 5.6%.
Togolese families often place talismans, thought to contain magical or spiritual properties, outside their homes facing the Atlantic Ocean in hopes of protecting their dwellings from encroaching tides.
Unfortunately, dozens of villages have been devoured since the mid-1990s, leaving behind shells of houses, livelihoods and memories in the wake of a coast receding as much as 5-10 meters per year. When expatriates return to Togo’s coast to visit their childhood homes, they are astonished to see that communities have literally washed out to sea.
Like much of Sub-Saharan Africa, the Eastern and Southern Africa region has seen significant economic growth in recent years, largely relying on agriculture and extractives. However, it hasn’t been able to keep up with the skilled labor demanded by the region’s required economic transformation for further growth. Surveys reveal that firms in the region now face acute challenges in developing research and development (R&D) capacity and filling technical and managerial positions – not just due to inadequate production of college graduates that have been rising over the years, but also due to low quality and relevance of current education and training at the tertiary level.