Although the global economy is in better shape than it was during the worst days of the 2008-2009 financial crisis, don't expect to see a dramatic turnaround in 2013, say Wharton professors Mauro Guillen and Kent Smetters. In separate interviews with Knowledge@Wharton, they discuss some of the challenges that the U.S., Europe, China and emerging markets such as Brazil and India are facing going into the New Year. (Video with transcript)
Published: January 22, 2013 Specialized Microfinance: A Loan Program Designed to Help African Farmers
Though microfinance is upheld as a way to help people out of poverty around the world, its practitioners have learned that finance needs for the poor vary, often by industry. Juhudi Killmo in Kenya is a specialty microfinance organization aimed at helping rural farmers through a combination of training and equipment. Its CEO, Nat Robinson, spoke with Arabic Knowledge@Wharton about how the work his organization engages in differs from traditional microfinance practices.
Published: January 08, 2013 Economist Justin Yifu Lin: Why Continued Growth in China Is a Win for the World
Although there are fears that China's gravity-defying economy is headed for a slowdown, former World Bank chief economist Justin Yifu Lin says there is no reason the country can't continue to experience robust expansion -- as long as policymakers make the right reforms. During a recent speech at the University of Pennsylvania, Lin talked about what China needs to do to take its growth to the next phase.
Published: November 27, 2012 Observing the Arab Spring, African Bankers Devise Economic Strategies
Alongside the Middle East, Africa has one of the youngest populations in the world. That is why in many African countries, officials now plan economic action prompted by the concerns about jobless young people and uneven wealth distribution raised by Arab Spring protestors. Seeking a unified policy to guide Africa's development for the future, Mthuli Ncube, chief economist and vice president of the African Development Bank, tells Arabic Knowledge@Wharton that promoting youth employment remains at the forefront of the continent's development agenda.
Published: November 13, 2012 Rising Tensions: The Impact of the China-Japan Territorial Dispute
The recent flare-up in a long standing territorial dispute between China, the world's second-largest economy, and Japan, its third largest, appears to be cooling slightly, but it is far from resolved. The impact on both economies from violent anti-Japanese protests over disputed islands in the East China Sea is likely to persist at least through next year. If it lasts longer, experts warn, it could drag down global growth.
Published: October 31, 2012 Arab Spring to Arab Firestorm: Parag Khanna on the Revolutions and the Coming 'Hybrid Reality'
With a new book examining social evolution and change, noted geopolitical academic and author Parag Khanna tells Arabic Knowledge@Wharton that the Arab Spring did not need Facebook to occur. Despite criticism of the leadership that formed after the revolutions, Khanna says the region is on course for democratization. The singular success of Tunisia's efforts is because it invested in infrastructure prior to the Arab Spring, he notes. But it is unwise to think there is one solution for all, he adds: "There are 22 Arab countries and there are four different kinds of countries. So there's no generic strategy."
Published: October 02, 2012 After the Nobel Prize: Women Struggle to Participate in a Post-Arab Spring Yemen
Yemen's revolts during the Arab Spring led to the end of a longstanding regime and produced the Arab World's first female Nobel Peace Prize winner. But after the euphoria little has changed for women in the country, which still is plagued with a number of economic and resource problems. Halima Gellman was inside Yemen during its protests and afterwards, researching how Yemeni women attempted to negotiate greater political representation. She tells Arabic Knowledge@Wharton that women in Yemen still face an uncertain future.
Published: October 02, 2012 Fawaz Gerges: Islamists Are the Arab World's New Capitalists
Earlier this month, Egyptian president Mohamed Morsi met with U.S. executives, promising to start economic reforms and develop a better investment environment in the country. Morsi's efforts are part of a trend by Islamists to take a new economic role in the region, says Fawaz Gerges, founding director of the Middle East Center of the London School of Economics and Political Science. For years Islamists cultivated social organizations and political machinery, Gerges tells Arabic Knowledge@Wharton, and now see the chance to leverage them into economic power.
Published: September 18, 2012 Not That Flat: Pankaj Ghemawat Challenges Globalization's Adherents
Globalization is a catchall used to explain much of contemporary economic and social development, from the prevalence of outsourcing to the popularity of fusion cuisine. But economist, author and professor Pankaj Ghemawat argues that a dive into cross-border data sets reveals that much of the world is not as connected as it is portrayed to be. He spoke to Arabic Knowledge@Wharton about "globaloney," Walmart's growth issues in the world, the challenges facing a post-Arab Spring Middle East and his concerns for the eurozone's future.
Published: September 04, 2012 Can an All-women's Education Better Develop Female Scientists?
As a young student, Mary Anne Fox found little support for her interest in chemistry. But Fox persevered, pursuing advanced scientific studies, and today she is a world-renowned chemist, chancellor of the University of California, San Diego, and a distinguished professor of chemistry. While visiting Abu Dhabi for the Festival of Thinkers conference, Fox told Arabic Knowledge@Wharton that there still are not enough women in academia. She also noted that gender-specific education, which exists in many traditional colleges in the Gulf, has produced numerous highly-ranked female graduates.
Published: September 04, 2012