Editor’s note: This article is part of an ongoing WPR series on the impact of falling oil and commodities prices on resource-exporting countries. Zambia’s economy, which relies heavily on copper and its derivate products, is coming under strain as commodity prices drop and foreign investments wane. Worse, China’s economic slowdown has also weakened Zambia’s growth, as the two countries are close trading partners. In an email interview, Irmgard Erasmus, a fixed-income economist at NKC African Economics, discussed the risks for its economy. WPR: How important are commodities for the Zambian economy, and what effect have falling commodity prices had on [...]
Last week, I was in New Delhi to attend the Asian Forum on Global Governance, at the same time that 40 African leaders were gathering in the city to meet with Indian Prime Minister Narendra Modi at the India-Africa Forum Summit. The scheduling was a coincidence, but the official summit added some real-world insight to the nongovernmental deliberations at the Asian Forum. Relations among the countries of the Global South have become an important feature of the debate about how to reform the institutions of global governance. However, in contrast to the predictable Cold War-era positions of the Non-Aligned Movement [...]
The war in Afghanistan has been both a boon and curse for neighboring Central Asia. The conflict placed this sparsely populated region, long disconnected from the globalization taking place around its borders, on the front lines of the international community’s 15-year effort to stabilize Afghanistan. Central Asia became a staging point for coalition military forces, a transit corridor, a donor as well as a recipient of aid and at times a pawn in a larger strategic competition playing out between the United States and Russia. The region also found itself on the receiving end of Afghanistan’s noxious exports: extremism, drugs [...]
