Click on the play button below to listen to the event audio:

Booming Billion Audio

Event Images:

UAE Migrant Labor

In a front page article of the NY Times, NYU  gets some negative press related to the treatment of construction workers building its new campus on Saadiyat Island. My view is that the article was a bit harsh on NYU and got some facts wrong. The official NYU response is here. There have been reforms in the labor system in the UAE.  The "Notice of Consent" clause tying a worker to one particular job  has been removed. Indeed, in a recent joint technical paper with two co-authors we measure the impact of this reform - a good thing for workers. Click here for the policy brief summary and here for the full technical paper. Nevertheless abuse still persists in the labor system, a fact which the regulators acknowledge.  However, to say there has been no progress is wrong. I think the presence of institutions such as NYU in the region help move the reform process forward. Prof. Yaw Nyarko

Rural Tourism & Greening as Drivers for Economic Transformation: the Leveraging Role of Technology

NYU Africa House and the Center for Technology & Economic Development are proud to co-present this special collaborative forum convening local leaders, practitioners, academics and community stakeholders for the launch of the inaugural edition of the Africa Tourism Monitor 2013 Report in Afram Plains of Ghana on January 22nd 2014. The report is a joint publication of New York University-Africa House, the Africa Travel Association (ATA), and the African Development Bank (AfDB). The event titled Rural Tourism & Greening as Drivers for Economic Transformation: the Leveraging Role of Technology will take the format of a town hall gathering convening a cross section of stakeholders and community leaders in Kumawu, located in the Sekyere Afram Plains District. Part of the decision to launch the report in this region is to draw emphasis on the unique potential for economic empowerment via the tourism sector and also highlight the array of tourism assets in the region such as the Bomfobiri Widlife Sanctuary which is managed by the Ghana Forestry Commission. Date: Wednesday January 22nd Time: 10:00am – 12:00pm – Forum 12:00pm – 1:00pm – Luncheon Networking Reception (Complimentary Food and Refreshments Provided) Location: Tweneboa Kodua Senior High School, Kumawu, Sekyere Afram Plains District, Ashanti Region  


Rural Tourism and Greening as Drivers for Economic Transformation: The Leveraging role of Technology Tweneboa Kodua Senior High School, Kumawu Sekyere Afram Plains District, Ashanti Region

Wednesday January 22, 2014 

10:00am                                         Welcome and invitation of priest for opening prayer-Mr. Nantwi, Principal, Twenboa Kodua Senior High School, 10:05am                                         Opening prayer- Father Abban 10:10am                                         Official opening and Introduction of Prof Nyarko– Mr. Nantwi 10:15 am                                         Acknowledgement of special guests – MC Hon. Philip Basoah-MP Kumawu (Special guest of honour) Hon. Samuel Asiamah-DCE (Chairperson) Hon. Fuseni Donkor (DCE- Sekyere Afram plaines) The local chiefs (Sanaahene and Samaahene) Mr. Ekow Sampson- Ghana Tourism Authority-Regional director, Ashanti Region CTED Advisory Council (Baba Amadu, Yaw Busia, Robert Danso Boakye and Kofi Blankson) Mr. Charles Abeka Haizel (Regional director for Wildlife division-   Forestry Commission) Mr. Joseph Binlinla – Manager Bomfobiri Wildfire Santuary Dr Adu Bredu- Deputy Director, Forestry Research Institute Mr. Kwadwo  Sarpong Dr. James London Mr. Shalom Danso, Forest Research Institute of Ghana (FORIG) Mr. Kofi Yankson- Building and Roads Research Institute (BRRI) Mr. Nantwi – Headmaster of TKSHS Teachers of TKSHS Local Assemblymen 10:20am                                          Order of speech (Introduced by MC) Prof. Yaw Nyarko, NYU Dept of Economics, Director CTED & Africa House – Special address and launch of the  Africa Tourism Monitor Report 2013 Hon. Philip Basoah-MP-Introduces the DCE and local leaders Hon. Samuel Asiamah-DCE (Chairperson) 10:35 am                                          Keynote address- Baba Amadu 11:00am                                          Ekow Sampson-Ashanti Regional Director- Ghana Tourism Authority Charles Abeka Haizel – Regional director, Wildlife Division; Forestery Commission Joseph Binlinla- Manager, Bomforbiri wildlife sanctuary 11:40am                                           Open Forum & Discussion 12:00pm                                          Networking Reception/Lunch

President Jacob Zuma, Republic of South Africa

President Jacob Zuma of the Republic of South Africa participated in a public lecture where he spoke about contemporary political and and economic issues in South Africa. President Zuma also spoke in general about the role and functionality of government on the African continent. The event was then followed by a dinner reception for VIP guests at the NYU Kimmel Center in honor of  President Zuma.

Former President Rawlings at NYU

Former President of Ghana
His Excellency, the Former President of Ghana, Flt. Lt Jerry John Rawlings (Ret.) and his wife, the Former First Lady of Ghana, Nana Konadu Agyeman-Rawlings were the guest speakers at two Africa House events held recently at NYU. The former president spoke on the topic "Mobilizing African People for Economic Development." He stressed that the people are the number one resource for development of every nation or continent and that democracy should be at the center of efforts to mobilize African people for economic development. His presentation was followed by a lively Q&A session during which Mr. Rawlings engaged animatedly with the audience and tried to answer every question he was asked. The lecture was preceded by a cocktail reception and followed by a dinner for the former president and some special guests. Mrs. Rawlings spoke on the topic "Mobilizing Women for Economic Development." She acknowledged that the struggle for equality for women has been a long and arduous one. She addressed poverty, trade and economic issues as factors that influence the state of women's rights. She urged African leaders to do more than pay lip service to gender equality but to work to ensure that women are empowered at all levels and in all spheres of society. Her presentation was followed by a wine and cheese reception. For a transcript of Mr. Rawlings speech, click here. For a transcript of Mrs. Rawlings speech, click here. Photographs of the Events N. Borowick | Stanly Lumax

CTED Town Hall on Pineapple Cultivation in the Afram Plains

[satellite gallery=35 auto=on caption=off thumbs=on] On March 10th CTED hosted a Town Hall that featured a hands-on training session for small holder farmers in the Afram Plains co-presented by our CTED partner Mr. Kwadwo Sarpong, Director of the Kumawu office of the Ghana Ministry of Agriculture (MoFA). The topic for the training was best practices in pineapple cultivation.  The hands-on tutorial which took place at an area farm was conducted by Mr. Emmanuel Owusu Oduro. Its purpose was to introduce some of the best practices in pineapple cultivation to farmers in the area and to provide them with the opportunity to engage in open dialogue and knowledge exchange among their peers as well as with (MoFA) agricultural extension officers. Mr. Sarpong has been an invaluable partner to the CTED research team led by Prof. Yaw Nyarko. The strong linkages between his office and the local farmers in Kumawu and the surrounding villages has provided CTED with unparalleled access to farmers through our regularly convened town halls, and our ongoing research activities. The CTED Town Halls in the Afram Plains provide local farmers, traders, civic representatives and ministry experts with a platform to share best practices, brainstorm solutions to farming and market challenges, and offer practical training opportunities through MoFA and CTED teams. Additionally, CTED has been working with farmers in the Afram Plains on our mobile Market App. Farmers in rural Africa often lack important geographical and agricultural information about their land. Sometimes they do not even know the boundaries of their own property. CTED built a GIS agricultural mapping system that allows farmers to precisely map the boundaries of their land and food transportation routes. CTED is also studying the technology and economics of Market Information Systems, and is working with Esoko, a company that uses mobile phone technology to send price alerts to the farmers so that they are better able to negotiate with traders and build better lives for themselves. CTED’s project focuses both on the impact of this technology and on developing ways to enhance it to help smallholder farmers in rural Ghana. We have also hosted other Town Hall events on The Best Practices in Yam Cultivation, a well attended forum on Tourism & Greening for Rural Economic Transformation among several others.  We plan to continue to engage farming communities in constructive conversations that lead to new peer-to-peer insights and the dissemination of local knowledge and expertise between farmers.

CTED 2014 Annual Meeting

[satellite gallery=32 auto=on caption=off thumbs=on]
New York University’s Center for Technology and Economic Development (CTED) held its Fourth Annual Meeting on February 25, 2014 at the Intercontinental Hotel in Abu Dhabi. The aim of this year’s event was to highlight the possibilities for innovative technologies to contribute to emerging regions' economic development, within the context of CTED’s five main research areas: Finance, Education, Energy, Agriculture and Health. The event also showcased CTED’s ongoing research and collaborative efforts in the UAE, Pakistan, India, Ghana, Ethiopia and the USA. The meeting's interdisciplinary programme brought together scholars, practitioners and distinguished guests and friends of CTED. A number of our esteemed Advisory Council members were able to join us as well, including: Dr. Zarrouk, Chief Economist at the Islamic Development Bank; Sudhir Shetty, Chief Operating Officer of Global Operations at the UAE Exchange; and Tim Gollin, Managing Director at One Equity Partners LLC. The programme included presentations by Dr. Yaw Nyarko, Tiffany Tong, Dr. Lakshminarayana Subramanian, Nicole Hildebrandt, and Sunandan Chakraborty on topics including:

  • The Economics of the Food Crop Network in a Small Developing Nation (Ghana)
  • Experience of Designing a Mobile GIS Mapping Tool for Rural Farmers in Ghana
  • Fine-grained Dengue Surveillance with Citizen-Driven Data in Lahore, Pakistan
  • Summarization Search: A New Search Abstraction for Mobile Devices
  • Information is Power? Impact of SMS-based Market Information System on Farmers in Ghana

Africa House will conduct research on Ethiopia Commodity Exchange

With the objective of increasing knowledge on commodities markets and promoting cutting edge technologies for economic development, Africa House and our partner organizations, the Development Research Institute (DRI) and the Center for Technology and Economic Development (CTED), have established an agreement with the Ethiopia Commodity Exchange (ECX) to conduct a rigorous research agenda to evaluate ECX. Professors and PhD students from the Departments of Economics, Mathematics, and Computer Science at NYU and NYU-Abu Dhabi will analyze the impact of ECX in the Ethiopian economy, assess its institutional design and technology systems, and measure the performance of the market. Mr. Bemnet Aschenaki, Chief Strategy Officer of ECX, and Prof. Yaw Nyarko, Director of Africa House and CTED and Co-Director of DRI, presented the objectives and scope of the partnership in a press conference at ECX offices in Addis Ababa. Mr. Aschenaki expressed the need of an independent evaluation of the exchange in order to understand its current value, identify the areas of improvement, and shape the future of the exchange. Prof. Nyarko remarked that the transfer of knowledge and local capacity building are key components of the agreement. Established in 2008, ECX was conceived as a set of mechanisms and rules designed to address issues that limit the development of the agricultural sector, such as high transaction costs, information asymmetries, coordination failures, lack of contract enforcement, among others. The research team will study the performance of the exchange vis-à-vis its initial objectives by generating theoretical and empirical research outputs. The analysis of the Ethiopian experience will provide tools for other Sub-Saharan African countries to consider the development of commodity exchanges. The research topics are organized into three broad categories:

  • Impact on the welfare of different stakeholders, in particular small-scale producers
  • Intermediation and institutional design
  • Technology and diffusion of information

A Talk With Alemayehu Seyoum Taffesse

IMG_0478Dr. Alemayehu Seyoum Taffesse (IFRPI, Ethiopia) at NYU Africa House My good friend and colleague gave a great talk the other day.  It was on aspirations.  His basic argument is that there is something called “aspirations” that people have in their heads.  Their work effort depends upon the level of these aspirations.  The aspirations can be changed by providing information.  His work involves showing Ethiopian farmers TV programs – some positive, some placebo.  Those with the positive images had higher levels of aspirations. His paper/slides can be found here. I think that this work is great.  I prefer interpreting the work as one involving models of learning. You learn what is possible by getting information (including TV programs).  If you are a villager you may learn, for example, that it is actually not impossible for a villager to get a loan from a bank – this will help you aspire to better things. I am doing work with Alemayehu on our Ethiopia Coffee Commodities Markets project.  Great guy – more information about his work can be found here. He has also sent over some of his more philosophical writing – focus on the “people perspective”. Click here for his essay – Enjoy! Y. Nyarko About The International Food Policy Research Institute IFPRI is an international agricultural research center founded in the early 1970s to improve the understanding of national agricultural and food policies to promote the adoption of innovations in agricultural technology. Additionally, IFPRI was meant to shed more light on the role of agricultural and rural development in the broader development pathway of a country The mission of IFPRI is to seek sustainable solutions for ending hunger and poverty through research. IFPRI carries out food policy research and disseminates it through hundreds of publications, bulletins, conferences, and other initiatives. IFPRI was organized as a District of Columbia non-profit, non-stock corporation on March 5, 1975 and its first research bulletin was produced in February 1976. IFPRI has offices in several developing countries, including China, Ethiopia, and India, and has research staff working in many more countries around the world. Most of the research takes place in developing countries in Central America, South America, Africa, and Asia. IFPRI is part of a network of international research institutes funded in part by the Consultative Group on International Agricultural Research (CGIAR), which in turn is funded by governments, private businesses and foundations, and the World Bank

A Conversation with Dr. Eleni Gabre-Madhin: Setting up a Commodity Exchange and Doing Business in Africa

A Conversation with Dr. Eleni Gabre-Madhin: Setting up a Commodity Exchange and Doing Business in Africa April 25th, 2012 Grand Hall, NYU Global Center, 238 Thompson Street 5:30 - 7:30 PM Dr. Eleni Gabre-Madhin shared and discussed with the audience her experience setting up the Ethiopian Commodity Exchange and the current trends in doing business in Africa. The first of its kind, the Ethiopian Commodity Exchange is a national multi-commodity exchange that provides low-cost, secure marketplace services to benefit all agricultural market stakeholders and invites industry professionals to seek membership enabling them to participate in trading. Dr. Eleni Gabre-Madhin is the Founder and Chief Executive Officer of the Ethiopia Commodity Exchange. As described by The Economist, she is an internationally recognized thought leader on agricultural marketing in Africa and global development, with prior roles as Senior Economist at the World Bank and Senior Research Fellow with the International Food Policy Research Institute in Washington, as well as UNCTAD in Geneva. She is among The Africa Report's "50 Women Shaping Africa" 2011, named Ethiopian Person of the Year 2010, and nominated Outstanding Businesswoman of the Year 2010 by African Business. [embed][/embed] Click here to view Dr. Eleni Gabre-Madhin's publication (March 2012) Click here to watch Dr. Eleni Gabre-Madhin's talk on TED (June 2007)

webPerspectives from African Economists NYU Africa House

Africa House Event: A Discussion of African Economic Trends by African Economists

Location:  NYU Africa House – 14A/44 Washington Mews, New York, NY 10003
Date: Thursday May 9th
Panel Discussion: 6:00pm – 7:15 pm at 14A Washington Mews
Reception 7:15pm – 8:15pm at 44 Washington Mews (Across the street)

Public Event
Click here to RSVP



Confirmed Panelists

Prof.  Mina Baliamoune-Lutz
Professor and Kip Fellow of Economics in the Coggin College of Business, University of North Florida
She holds an MBA and a Ph.D. in Economics from Northeastern University. She has been at UNF since fall 2000, teaching undergraduate and graduate courses in macroeconomics, international trade, the global economy, economic policy, and the Study-Abroad course on the Political Economy of Development in Brazil. Her empirical work on the effect of policy and institutional reforms in Africa has received significant recognition internationally. She is a regular contributor to research themes debated at the United Nations World Institute of Development Economics in Helsinki, the United Nations Economic Conference on Africa, the African Development Bank and the European Report on Development. Her service contribution includes chairing the Research Committee and the N&E Committee, and membership in several other Faculty Association and University committees. She organized and chaired the Annual International Business Research Conference (co-sponsored by the Coggin College of Business and the School of Management at Warsaw University) for 6 years (2002-2007). In addition, she has an extensive record of service to the national and international community and to the Economics Profession. She is President-elect (2012-2014) of the African Finance and Economics Association (AFEA), Associate Editor of the Journal of African Development, the Journal of Business and Behavioral Sciences, and Information Technology for Development. She currently serves on the Editorial Board of Feminist Economics, the Journal of Business and Behavioral Sciences, and the Journal of Business and Accounting, and she served on the Board of Directors of the Eastern Economic Association (2009-2012).

Dr. Hippolyte Fofack
Senior Economist World Bank Group, Washington D.C.
A native of Cameroon, Central Africa, Dr. Fofack holds an Advanced Degree in International Economics and Finance from
the University of Bordeaux, France, as well as a Master degree in Mathematical Statistics and a PhD in Applied Mathematics and Economics from American University, Washington, DC. Dr. Fofack has more than 15 years of experience in academia and international development. He is currently responsible for the Macroeconomic and Growth Program at the World Bank Institute, the knowledge and research arm of the World Bank Group. Previously, he served as Senior Country Economist for the Great Lakes Region of Africa and Researcher with the Poverty Reduction and Economic Management Network. He has also taught and delivered lectures at various institutions around the world, including Brandeis University, American University, the African Development Bank, the Third World Academy of Sciences, the African Academy of Sciences and the American Association for the Advancement of Sciences. His interest is primarily in financial economics, development
economics, endogenous growth, science and technology.
Dr. Fofack is the Founder of the Nelson Mandela Institution for Knowledge Building and the Advancement of Science and Technology in Sub-Saharan Africa, a ground-breaking African initiative underpinned by the African Institute of Science and Technology. These institutions seek to enhance the development of Africa by promoting excellence in science and engineering. Dr. Fofack has published extensively and is a member of some leading professional and scientific organizations, including the American Economic Association, the African Finance and Economic Association and the American Mathematical Society. He is also a Fellow of the African Academy of Sciences.

Prof. Yaw Nyarko
Professor of Economics, New York University

Yaw Nyarko, a native of Ghana, is the founding Director of NYU’s Africa House.  He is the Director of the NYU Center for Technology and Economic Development, and also the co-Director of the Development Research Institute. He is the 2009 winner of the BBVA Frontiers in Knowledge Award on Economic Development Cooperation.   His research interests are in the area of Economic Development and Theoretical Economics.   He has worked on models of human capital as engines of economic growth, as well as on the Brain Drain and skills acquisition in the growth process, and is currently engaged in research on Technology and Economic Development.

He is the author of many published research papers and is the recipient of numerous awards and grants, and has served as Editor/Associate Editor on a number of academic economics journals.  He has also served as a consultant to many organizations including the World Bank, the United Nations, and the Social Science Research Council. He is the immediate past Vice Provost of New York University with a portfolio which included the oversight and establishment of campuses of NYU in Africa around the world.  Yaw Nyarko received a B.A. from the University of Ghana, and an M.A. and Ph.D. in Economics from Cornell University.

Prof. Mwangi wa Gĩthĩnji
Assistant Professor of Economics, University of Massachusetts, Amherst
 Professor Mwangi Gĩthĩnji is an economist with over 15 years of experience. Primarily focused on the areas of Development, Environment and Political Economy with particular attention to Africa, Mwangi is most interested in issues of class, gender and income distribution in relation to agrarian transition.

He is the author of Ten Millionaires and Ten Million Beggars (Ashgate Press) which examines issues of income distribution, class and gender in Kenya; in addition he has published journal articles and book chapters on economic development in Africa. Mwangi has consulted widely for UN agencies on economic issues in African countries and the region as a whole. Mwangi was Chair of Africana Studies and Associate Professor of Economics at Gettysburg College from 2002-2006, before moving to University of Massachusetts-Amherst where he is Assistant Professor of Economics.