Why outsourcing jobs to China has helped the world’s poor

Promoting his newly released book Deep South: Four Seasons on Back Roads, Paul Theroux has an op-ed in the New York Times, where he lambasts American CEOs for their “hypocrisy”. He states, EVERY so often, you hear grotesquely wealthy American chief executives announce in sanctimonious tones the intention to use their accumulated hundreds of millions, or … More Why outsourcing jobs to China has helped the world’s poor

Why Industrial Policy is not a solution for Africa’s problem

Since the early 2000s, sub-saharan African countries have experienced modest economic growth thanks to China’s growing appetite for commodities, macroeconomic stability, and strengthening political institutions. This growth has led many Western media outlets such as the Economist to get cheery about the continent’s economic prospects. In his recent post for the blog africascountry, Zambian PhD candidate in economics, Grieve Chelwa, … More Why Industrial Policy is not a solution for Africa’s problem