Who Pays the Fiscal Watchdogs?
HARARE—In 2021, Zimbabwean Finance Minister Mthuli Ncube caused an uproar when he issued more than $15 million in guarantees for private loans made by the Commercial Bank of Zimbabwe without seeking parliament’s approval. It was a particularly flagrant example of an unfortunately common practice in Zimbabwe: committing state resources to non-essential projects that offer no public benefit. Some of these loans invariably went unpaid, leaving taxpayers to cover the losses.
Jeff Pachoud/AFP via Getty Images Culture 0 The Algorithm Driving French Student Protests Gabriela Ramos highlights an underreported factor that fueled the unrest now roiling the country.
The Algorithm Driving French Student Protests
Wang Jiang/VCG via Getty Images Longer Reads 2 From AI Boom to Economic Bust Ian Goldin For generations, countries have escaped poverty by putting millions of people to work in factories and service industries. But as robots replace factory workers and AI takes over service jobs, the growth engines that have powered economic development across much of the world will be rendered obsolete. warns that the race for technological supremacy is fracturing societies and rules out international cooperation.
From AI Boom to Economic Bust
For generations, countries have escaped poverty by putting millions of people to work in factories and service industries. But as robots replace factory workers and AI takes over service jobs, the growth engines that have powered economic development across much of the world will be rendered obsolete.
Anderson Coelho/AFP via Getty Images Economics 0 Brazil Cannot Afford Bolsonaro’s Spending Cuts Laura Carvalho & Joseph E. Stiglitz urge the country’s voters to defeat policies that would reverse hard-won progress on growth and poverty.
Brazil Cannot Afford Bolsonaro’s Spending Cuts
In April 2022, the Zimbabwe Coalition on Debt and Development (which I led at the time), together with three co-applicants, petitioned the High Court of Zimbabwe to declare that........
