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Africa

Does Africa need better business schools?

Critical to Africa’s economic growth problem is a lack of the managerial skills needed to grow successful firms. By providing firms with a stronger pool of trained managers, African business schools can help foster a healthy private sector.

So say Guy Pfefferman and Brent Chrite in our new online discussion. I respond:

The world is not flat!

Morgan Stanley Chief Economist Stephen Roach takes aim at Tom Friedman’s catch-phrase theory, arguing that the world economy, far from being flat, is really characterized by disparities and tension.

Globalization may well be win-win in the long run — but in the here and now, it is profoundly asymmetrical…

Minimum wages

South Africa blogger Fodder thinks the minimum wage is too low:

It is a blight on our new democracy that our government says a person can live on such a minute amount of money every month, if one wants to go the minimum wage route then at least ensure the minimum is a livable amount of money.

The perfect holiday gift: Kalashnikov, tank?

Not for your own use, mind you, but to provide the raw materials for enterprising blacksmiths and metalworkers in Sierra Leone, who turn the iron and such into "farm implements... hoes and axe heads... pickaxes, sickles and even school bells." A single tank will provide a year's work for 5 blacksmiths, they say, and convert into 3,000 items.


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