By Mekdes Mezgebu

In January, I was at the World Economic Forum in Davos as a Global Shaper representing Ethiopia and the Addis Hub.  This meant a very rare and unique opportunity to meet and share experiences with amazing young people from all corners of the world, with impeccable achievements ranging from leading corporations to leading revolutions.

By Joseph E. Stiglitz

This year’s annual meeting of the International Monetary Fund made clear that Europe and the international community remain rudderless when it comes to economic policy. Financial leaders, from finance ministers to leaders of private financial institutions, reiterated the current mantra: the crisis countries have to get their houses in order, reduce their deficits, bring down their national debts, undertake structural reforms, and promote growth. Confidence, it was repeatedly said, needs to be restored.

“With more money come more problems!” A common aphorism of recent times articulates the sentiment that having plenty is also having more to worry about it. The application of the simple yet powerful expression is not limited to the mere case of wealth accumulation; rather it could also be used to caution against overambitious plans and stretched to-do-list. More interestingly, when taken literally, the maxim seems to corroborate the concept of inflation, as the latter is nothing but a monetary phenomenon first and foremost.

By Raghuram Rajan

Poor Ben Bernanke! As Chairman of the United States Federal Reserve Board, he has gone further than any other central banker in recent times in attempting to stimulate the economy through monetary policy. He has cut short-term interest rates to the bone. He has adopted innovative new methods of monetary easing. Again and again, he has repeated that, so long as inflationary pressure remains contained, his main concern is the high level of US unemployment. Yet progressive economists chastise him for not doing enough.

By Mengsteab Tesfayohannes

The developmental reality of the 21st century is plagued with complex socio-cultural, economic, political and technological milestones and challenges.
During the last 100 years, the globe has witnessed extraordinary entrepreneurial novelty, higher frequency of ground breaking technological innovations and discoveries. Add a comment

By Meles Alem

A large scale project touted as a catalyst for sustainable economic growth in East Africa and Africa has been launched this month. The Lamu Port and South Sudan-Ethiopia Transport Corridor (LAPSSET) a.k.a. the Lamu corridor upon completion will be According to Prime Minister Meles Zenawi, key segment of the great equatorial land bridge, which will connect the Eastern and Western Africa. It will also link Ethiopia and the Horn of Africa countries and position Kenya as a gateway to East Africa and the Great Lakes Region, he noted.  Add a comment

Why the USD 1.5 billion next generation network could even be more costly

If not for that poor telecom service prevailing in the country, the government’s commitment to the information and communication technology (ICT) sector could have more easily been noticed.

By Laura Tyson

The United States now has the highest statutory corporate-income tax rate among developed countries. Even after various deductions, credits, and other tax breaks, the effective marginal rate – the rate that corporations pay on new US investments – remains one of the highest in the world. Add a comment