Foreign military involvement in Africa
Foreign militaries, especially those from the US and France, have invested enormous resources in battling Islamist militancy in Africa, but also to entrench and expand their influence. But even though insecurity and lack of development have given militants a foothold in many parts of Africa, it is the corruption and indifference of local elites that have allowed militant groups to thrive.
What you will learn:
- The US and France use their significant military footprint in Africa to maintain friendly regimes and influence, but do so inconsistently.
- Russia looks to take advantage of unstable regimes or governments that have fallen out with Western partners.
- Many countries – including India and China – maintain a presence in Africa but with a focus elsewhere, notably the Gulf or the Indian Ocean.
BoK’s monetary policy to tighten even as hiking cycle ends
Even without rate hikes, central banks' monetary policies can effectively tighten if the nominal neutral rate falls below the policy rate. We expect this will be the case for the Bank of Korea this year, as the gap between the policy rate and the nominal neutral rate widens.Find Out More
Why China isn’t about to save the world economy
The earlier and faster than expected ending of zero-Covid restrictions in China bodes well for the global economy and adds to the recent run of positive news.Find Out More