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The government is working to restore the energy infrastructure using, among other things, hydropower, methane, solar energy and geothermal power.
General-purpose digital technologies are disrupting the ways in which we produce, trade and consume goods and services. This trend is likely to affect the economic future of developing countries by re-defining patterns of global trade and value chains.
A lack of jobs and insufficient industrialisation are hampering the development of many African countries. Now another threat seems to be emerging: the automation of production. However, it will take quite a lot of time before robots become cheaper than workers in Africa.
This is what senior economic adviser of the World Data Lab Homi Kharas says. He is also the interim vice president and director of the Global Economy and Development Programme of the Washington-based Brookings Institution.
Carbon pricing could make financial resources available for succeeding with the global Sustainable Development Goals set by the United Nations. At the same time, it could be a central contribution to meet global climate targets.
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