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Are Sovereign Wealth Funds fit for purpose in Africa?Sovereign Wealth Funds (SWFs) have become a symbol of national success and a means for global, commercial and geopolitical influence. But how well do...
Tony Addison is a Professor of Economics, University of Copenhagen in the Development Economics Research Group. He was a Chief Economist and Deputy Director of UNU-WIDER in Helsinki, Finland. He was previously Professor of Development Studies, University of Manchester; Executive Director of the Brooks World Poverty Institute (BWPI), University of Manchester (from 2006-2009); Associate Director of the Chronic Poverty Research Centre (CPRC); and Deputy Director of UNU-WIDER.
His books include: From Conflict to Recovery in Africa (Oxford University Press), Making Peace Work: The Challenges of Economic and Social Reconstruction (Palgrave Macmillan), and Poverty Dynamics: A Cross-Disciplinary Perspective (Oxford University Press). He was a lead author for The Chronic Poverty Report 2008-09: Escaping Poverty Traps.
Sovereign Wealth Funds (SWFs) have become a symbol of national success and a means for global, commercial and geopolitical influence. But how well do...
In this study, we develop an empirical framework that allows us to trace out a time path of metal prices. This framework shows that unpredictable shifts in demand, extraction costs and discovery of reserves, make estimation of the slope of this...
(19 March 1952 – 24 December 2022) It is with the greatest sadness and a deep sense of grief and shock that we received the news of the passing of...
Do sovereign wealth funds (SWFs) contribute to Africa’s development? This paper assesses the objectives of SWFs (fiscal stabilization, productive investment, intergenerational saving) and discusses alternatives. We argue that fiscal stabilization...
The price and availability of energy is fundamental to the health of the global economy. The Russia–Ukraine war is intensifying an energy shock that...
The long-awaited COP26 in Glasgow is about to start. Billed as the most important COP to date, it is widely seen as a last chance to avoid a global...
We examine the effect of pandemics on selected commodity prices—in particular, those of zinc, copper, lead, and oil. We set up a vector autoregressive model and analyse data since the mid-nineteenth century to determine how prices reacted to...
Modelling the underlying long-run trend of metal prices is important, given that selected metals are a source of income for many countries. However, estimating the underlying trend has proven to be difficult, given the persistence and volatility of...
The COVID-19 pandemic represents an unprecedented global crisis. The task for economic policy is to help keep people alive, enterprises afloat, and households out of poverty. The pandemic has macroeconomic dimensions. First, it affects macroeconomic...
Tony Addison is the first in his family not to become a miner. He has decades of experience in development economics and economic reform in developing...
When it comes to reporting on Africa, the international news media has, over time, delivered very mixed messages. Yet there are still many who characterize sub-Saharan Africa (SSA) as a region of hunger, economic crisis, and political unrest. Over...
When measured in relative terms, global inequality has been decreasing. However, in absolute terms it has been increasing. What does this mean for analysing and addressing inequality? While it remains vital to continue reducing the global incidence...