The modern development aid industry is fundamentally flawed, writer and researcher Efosa Ojomo argues, because it is based on “the idea of seeing a need, seeing that a community lacks a resource, and then leaning in with the best of intentions to provide that resource without the fundamental mechanism that will sustain it.” That mechanism is what Ojomo and his co-authors call a “market-creating innovation”—an advance that spurs the creation of new businesses, customers and tax revenues that allow for improved public services. Ojomo is the head of the Global Prosperity research group at the Clayton Christensen Institute for Disruptive […]
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Investors stampeded out of Brazil on Monday, tanking its markets, after President Jair Bolsonaro’s completely unexpected move to replace the head of the national oil company, Petrobras, with a retired general. Bolsonaro announced the decision Friday, and later declared he had plans to intervene in other firms. The huge market sell-offs, which also struck Brazil’s currency and sovereign bonds, reflected fears that Bolsonaro may be preparing to intervene much more aggressively in the economy, with the aim of boosting his sagging polls ahead of the 2022 presidential election. Bolsonaro is still the favorite to win, but the surprise popularity surge […]
“First thing I’m going to have to do, and I’m not joking,” candidate Joe Biden said last September in a campaign interview about America’s European allies. “If elected I’m going to … get on the phone with the heads of state and say America’s back, you can count on us.” In the end, he delivered his franchise tag line not by phone, but in a video address to a “special edition” of the Munich Security Conference during his first round of trans-Atlantic diplomacy last week. And he added a slight twist: “America is back. The trans-Atlantic alliance is back.” The […]
Most African countries have fared relatively well in their responses to the coronavirus pandemic, reporting rates of infection and mortality that are far below those seen across much of Europe and the Americas. Yet Africa is expected to take a huge economic hit from the pandemic and its associated containment measures, with the African Development Bank forecasting that an additional 50 million people could be pushed into extreme poverty across the continent. Vaccination drives and economic relief packages will certainly be important to contain the damage. But according to author and researcher Efosa Ojomo, emerging-market nations should be aiming to […]
Perhaps we’ll never know if Facebook’s surprise decision to cut Australians off from all news sources on its platform was a carefully planned strategic move, or the result of a tantrum in Menlo Park. Either way, Australia woke up to a unilaterally imposed news blackout on Facebook last week that raises important policy questions about democracy, corporate power and access to information. There had been no prior warning from Facebook, no tests—just an algorithmic change. Not only were News Corp., ABC and other mainstream Australian media shuttered on Facebook’s News Feed, so were services that might not consider themselves to […]
Editor’s Note: Guest columnists Kate Jones and Emily Taylor are filling in for Candace Rondeaux this week. It’s been an astounding start to 2021 for Big Tech. Not only does the power of companies like Twitter and Facebook now extend to denying a platform to a sitting American president, but the market value of the top 30 U.S. tech companies is now the same as the annual GDP of Europe’s five largest economies. It all raises a familiar question: How long will tech giants be allowed to grow like this, seemingly unchecked and unaccountable? Fortunately, moves are already afoot on […]
It’s not often that a large refugee population is given unexpected reason to feel overjoyed. But that’s what happened last week in Colombia, when President Ivan Duque, standing alongside United Nations High Commissioner for Refugees Filippo Grandi, announced that he would allow all Venezuelans living in the country as of Jan. 31 to obtain residency permits for 10 years. Their official status will grant them full rights to work, study, receive health care and enjoy other benefits available to Colombian citizens. The news came as a surprise, particularly because just a few weeks ago Duque had said undocumented Venezuelans would […]
Sometimes springtime comes and goes in a flash. That’s the way things felt early this month, when people who follow China were left agog at the extraordinary flourishing of discussion on Clubhouse, the young but fast-growing app that combines social media with audio chat. Though available in China since last spring, Clubhouse saw a spike in interest after a widely noted appearance by Elon Musk, a big celebrity in China, on Jan. 31. Still flying under the radar of authorities in Beijing, the app allowed Chinese users to join up with people from all over the world in mostly calm […]
If the second impeachment trial of former President Donald Trump achieves one thing, it will be a lasting historical memory of the moment that the Republican Party openly embraced political violence as its brand. As Democrats lay out their case that Trump was “singularly responsible” for the Jan. 6 insurrection at the Capitol, the “Grand Old Party” is on the verge of strangling American democracy. This is the part where I’m supposed to say that it’s simply too soon to tell how the trial verdict will play out. Only it’s not too soon. Since only six Republican senators voted Tuesday […]
Ecuador’s presidential election was supposed to be a competition between a leftist candidate in the mold of exiled former President Rafael Correa, and a traditional, center-right and pro-market alternative. But when the votes were counted after Sunday’s first round, voters had delivered a surprise. Ecuadorians could end up with a choice between two leftists, potentially signaling that the coronavirus pandemic has opened the door to a new “pink tide” in South America. The final outcome of the vote has not been decided and won’t be until the runoff on April 11. The only certainty is that no candidate earned enough […]
Among the images that circulated in the aftermath of last month’s Capitol insurrection, one video stood apart, an almost iconic representation of the mob unleashed. In it, an enraged supporter of Donald Trump wields a pole flying the American flag to repeatedly strike a police officer who, having been dragged down the stone steps of the Capitol, lies at the crowd’s feet. The video requires no deep analysis to identify the violence it portrays as a threat to liberal democracy. A very different video that began to go viral in late September is of another register altogether. In it, a […]
For over two months, hundreds of thousands of Indian farmers have been conducting sustained sit-ins on the outskirts of New Delhi. Undeterred by COVID-19 or violent police crackdowns, and despite the cold northern Indian winter, the protesters are demanding the repeal of controversial new farm laws that they say harm their livelihoods. The sit-ins have been largely peaceful, though tensions have risen in recent weeks. On Jan. 26, a group of farmers took to the streets on the occasion of India’s Republic Day holiday, clashing with security forces.* At least one protester died and hundreds more were injured, including more […]
When at least 53 people died in Cameroon in late January after a bus collided with a fuel-laden truck—one of the worst road accidents in the country’s history—few observers would have expected that reactions to the tragedy would include ethnic slurs, mainly on Facebook. They were directed toward members of the Bamileke community, from which most of the victims appeared to originate. Cameroon has long prided itself on the relative harmony between the country’s approximately 250 ethnic groups, none of which dominates nationally—a diversity that many Cameroonians consider to be a safeguard against communal violence. But Cameroon now has to […]
In late November, Daniel Zhang, the chairman and CEO of Chinese e-commerce giant Alibaba, gave a speech at the Chinese government-sponsored World Internet Conference. The event was taking place in Wuzhen, a historic town in eastern Zhejiang province, but Zhang’s intended audience was hundreds of miles away, in Beijing. Just weeks earlier, Chinese regulators had nixed the blockbuster initial public offering of Ant Group, Alibaba’s financial arm, reportedly at the behest of China’s leader, Xi Jinping. Xi and other top officials took umbrage at earlier comments by Jack Ma, Alibaba’s co-founder, who had publicly criticized regulators for stifling innovation. Seeking […]
During his 21 years in power, President Vladimir Putin has made a number of strategic missteps, but few will prove more consequential for him, his inner circle or indeed Russia itself than the jailing this week of anti-corruption crusader Alexei Navalny. As evidenced by wave after wave of protests across Russia since Navalny’s arrest upon his return to Moscow last month, the Kremlin’s harsh response has only provoked more Russians to take to the streets. It has also united the United States and its NATO allies after years of policy disarray on dealing with Moscow. Yet even now that minds […]
As Tunisia marked the 10th anniversary of the removal of dictator Zine el Abidine Ben Ali on Jan. 14, people poured into the streets, defying a nationwide COVID-19 lockdown. While every January brings some form of popular protest around the revolution’s anniversary, things are different this year. Last month’s milestone serves as a grim reminder of what democracy has not brought: jobs, social justice and an end to endemic corruption. And this year, the country is in the midst of twin crises: an economy ravaged by the coronavirus pandemic and a deep political divide due to increasing polarization. Tunisians, often […]
For anyone looking out on the world from the new Biden White House, America’s challenges can only seem extraordinarily daunting. Even if it could be taken in isolation, the public health crisis brought about by the COVID-19 pandemic would gravely test any administration. But, of course, the coronavirus challenge cannot be resolved in isolation. Beyond its immediate public health dimensions, the pandemic has created an enormous economic crisis for a United States whose status as a global leader has never looked so compromised in the postwar period. For Washington, the pandemic has also spawned a fiscal crisis, with the Treasury […]