A Shared Strategic Framework for Inclusive Growth and Sustainable Development” Agenda 2063 the AFRICA We Want

Total Page:16

File Type:pdf, Size:1020Kb

A Shared Strategic Framework for Inclusive Growth and Sustainable Development” Agenda 2063 the AFRICA We Want FIRST TEN-YEAR IMPLEMENTATION PLAN 2014-2023 “A shared strategic framework for inclusive growth and Sustainable Development” Agenda 2063 The AFRICA We Want FIRST TEN-YEAR IMPLEMENTATION PLAN 201-2023 A Shared Strategic Framework for Inclusive Growth and Sustainable Development September - 2015 ABBREVIATIONS AND ACRONYMS AAIN Africa Angel Investors Network AAQS Ambient Air Quality Standards ADEPI Autorite’ de Develppement et de Promotion du site d’Inga ACBE African Center for Blue Economy ACDC Africa Center for Disease Control ACGF African Credit Guarantee Facility ACIRC Africa Capacity for Immediate Response to Crisis ACPII African Caribbean Pacific AfDB Africa Development Bank AfDF African Development Fund AGA African Governance Architecture AIB African Investment Bank AIDF Africa Infrastructural Development Facility AIF: African Integration Fund AIIGC: Inter Arab Investment Guarantee Corporation AHSTN African High Speed Train Network AIDA Accelerated Industrial Development for Africa AMCEN African Ministerial Conference on the Environment AMDC African Minerals Development Center APRM African Peer Review Mechanism APSA African Peace and Security Architecture AIMS African Integrated Maritime Strategy AMU Arab Maghreb Union AMV African Mining Vision AWV African Water Vision AU African Union AUC African Union Commission AUNACDP African Union Non-Aggression and Common Defense Pact ARV Anti Retroviral ASACOF: Africa-South America Cooperation Forum ASF African Stand-by Force ASIC African Scientific and Innovation Council ATAF : African Tax Administrative Forum ATI : African Trade Insurance Corporation AVCA : African Venture Capital Association BIAT : Boosting Intra African Trade Agenda 2063 The AFRICA We Want 3 BRVM: Bourse Regionale des Valeurs Mobilières CAADP Comprehensive African Agricultural Development Programme CADSP Common African Defense and Security Policy CFTA Continental Free Trade Areas CEDAW Convention on Elimination of Discrimination Against Women CEN-SAD Community of Sahel Saharan States CDM: Clean Development Mechanism CER: Certified Emission Reduction CFA: Coopération Financière Africaine COMESA Common Market for Eastern and Southern Africa CoSSE: Committee of SADC Stock Exchanges CPCRD Center for Post Conflict Reconstruction DAC: Development Assistance Committee (of the OECD) DBSA: Development Bank of Southern Africa DEG: German Investment and Development Agency DFI Development Finance Institution DRM: Domestic Resource Mobilization EAC East African Community EBID: ECOWAS Bank for Investment and Development ECCAS Economic Community of Central African States ECOSOCC Economic Social and Cultural Commission ECOWAS Economic Community of West African States EEZs Exclusive Economic Zones EIB: European Development Bank EPSA: Enhanced Private Sector Assistance EMIS Education Management Information System ESA-IO: East, Southern Africa and Indian Ocean FAO Food and Agriculture Organization FDI Foreign Direct Investment FfD: Financing for Development GCC: Gulf Cooperation Council GDP Gross Domestic Product GERD Gross Domestic Expenditure on Research and Development GGWSSI Great Green Wall for the Sahara and Sahelian States Initiative GIMAG Gender Is My Agenda HCLA High Council on Local Authorities HLF: High Level Forum on Aid Effectiveness HLPASF: High Level Panel on Alternative Sources of Funding 4 Agenda 2063 The AFRICA We Want HSGOC: NEPAD Heads of State and Government Orientation Committee ICIEC: Islamic Corporation for the Insurance of Investment and Export Credit IDEP Institute for Development Planning (UNECA) IFC: International Finance Corporation IFF: Illicit Financial Flows IGAD Inter Governmental Authority on Development ILO International Labour Organization IPPF: NEPAD Infrastructure Project Preparation Facility IPSAS: International Public Sector Accounting Standards ITF: Infrastructure Trust Fund IWRI International Water Resources Institute JAES: Joint Africa-EU Strategy JBIC: Japan Bank for International Cooperation JSE: Johannesburg Stock Exchange JV Joint Venture KfW: German Development Finance Bank LIMIS Labor Market Information System MCC: Millennium Challenge Corporation MDGS Millennium Development Goals MDTF: Multi-Donor Trust Fund for CAADP MFI Micro Finance Institution MIGA: World Bank Multilateral Investment Guarantee Agency MINT: Mexico, Indonesia, Nigeria, Turkey MNC: Multinational Corporations MoU: Memorandum of Understanding MS: Member State MSME: Micro, Small and Medium Enterprise NCA NEPAD Coordinating Agency NAIPs National Agricultural Investment Programmes NEPAD New Partnership for Africa’s Development ODA: Official Development Assistance OECD: Organization for Economic Cooperation and Development OGM Oil, Gas and Mining OVP Orphaned and Vulnerable Children PAP Pan African Parliament PE: Private Equity PIDA Programme for Infrastructural Development in Africa PPP: Public-Private Partnership Agenda 2063 The AFRICA We Want 5 PSC Public Services Commission PSO: Private Sector Organization PTA Bank: Preferential Trade Area Bank RADS Resource-based African Development Strategy (AU) R&D Research and Development RECS Regional Economic Communities RMS Resource Mobilization Strategy SACCO: Savings and Credit Cooperative SADC Southern African Development Community SDGs Sustainable Development Goals SDI Solemn Declaration Index SE: Stock Exchange SHaSA Strategy for Harmonization of Statistics in Africa SIDA: Swedish International Development Agency SMART Simple Measurable Achievable Relevant and Timely SME: Small and Medium Enterprise SMMES Small Medium and Micro Enterprises STC Specialized Technical Committee STI Science Technology and Innovation STISA Science Technology and Innovation Strategy for Africa SPV: Special Purpose Vehicle TICAD: Tokyo International Cooperation on Africa’s Development TVET Technical Vocational Education and Training UN United Nations UNCBD United Nations Convention on Biodiversity UNECA United Nations Economic Commission for Africa UNESCO United Nations Educational Scientific and Cultural Organization UNIDO United Nations Industrial Development Organization UNSC United Nations Security Council VAT: Value Added Tax WB: World Bank WHO World Health Organization 3ADI African Agribusiness and Agro-Industry Development Initiative 6 Agenda 2063 The AFRICA We Want GLOSSARY OF TERMS/NAMES TERM/NAME DEFINITION/EXPLANATION African Agribusiness Launched in August 2010 by FAO and UNIDO in response to a request and Agro-Industry from the AU, its objective is to raise the competitiveness, productivity and Development Initiative growth of Africa’s agro-based industrial sector through implementation of (3ADI) policies geared towards value addition/agro- industry transformation and enhanced market participation. African Centre for It was formally established in January 2015 by the AU Assembly. A Disease Control Multinational Taskforce has been created to oversee the development of its , mandate/scope, nature and legal framework by June 2015. The Coordination Office is to be housed initially at the AU headquarters. The recent outbreak of Ebola in some west African countries highlighted the need for its immediate set-up African Climate It was established in April 2014 under the auspices of the African Change Fund Development Fund (AfDF). It received initial financial support from the government of the Federal Republic of Germany. Its main objective is to assist African governments, Non-Governmental Organizations, regional institutions, research organizations etc in addressing the issue of climate change and its associated challenges. African Education As per the draft statutes, when established the African Education Observatory Observatory will be constituted by the Pan African Education Institute for Development (Kinshasa), the International Centre for Girls and Women’s Education in Africa (Ouagadougou) and collaborative relationships with the Association for Educational Development in Africa, UNESCO and UNICEF in addition to others. To be located within the Pan African Education Institute for Development in Africa, it will amongst others: develop an integrated data base of African Education; conduct educational policy analysis; develop early warning systems for triggering policy shifts in education development and management; provide advisory services and technical assistance to member states; promote the use of Educational Information Management Systems; create a platform for networking and sharing of best practices in education. African Minerals It was established to support the implementation of the Africa Mining Development Center Vision adopted by the AU through the Executive Council’s Decision on the Development and Management of Africa’s Mineral Resources [EX.CL/ Dec.471(XIV)]. African Mining Vision Developed through a consultative process by theAUC/ UNECA/ AfDB in 2009 aims for the continent “a transparent, equitable, and optimal exploitation of mineral resources to underpin broad based sustainable growth and socio- economic development on the continent”. This is to be achieved through: creation of down stream (manufacturing), up stream (mining capital goods, consumables and services industry) , side stream (power, logistics, water, communications) linkages for mineral beneficiation; building of mutually beneficial partnership between the state, private sector and civil society in the exploitation of mineral wealth and developing capacity for building a comprehensive knowledge base of member states mineral resources and development process. Agenda 2063 The AFRICA We Want 7 TERM/NAME
Recommended publications
  • Report on the Implementation of the Oecd Gender Recommendations
    Meeting of the OECD Council at Ministerial Level Paris, 7-8 June 2017 REPORT ON THE IMPLEMENTATION OF THE OECD GENDER RECOMMENDATIONS Report on the Implementation of the OECD Gender Recommendations - Some Progress on Gender Equality but Much Left to Do TABLE OF CONTENTS EXECUTIVE SUMMARY ............................................................................................................................. 3 1. Introduction ........................................................................................................................................ 10 2. Education ............................................................................................................................................ 15 3. Employment ........................................................................................................................................ 19 4. Entrepreneurship ................................................................................................................................. 38 5. Changing policies, changing minds .................................................................................................... 41 6. Governance for gender equality .......................................................................................................... 50 7. Conclusion .......................................................................................................................................... 57 REFERENCES .............................................................................................................................................
    [Show full text]
  • The MINT Countries As Emerging Economic Power Bloc: Prospects and Challenges
    Developing Country Studies www.iiste.org ISSN 2224-607X (Paper) ISSN 2225-0565 (Online) Vol.4, No.15, 2014 The MINT Countries as Emerging Economic Power Bloc: Prospects and Challenges Adeolu Durotoye, PhD Department of Political Science and International Studies College of Social and Management Sciences, Afe Babalola University, Ado Ekiti, Ekiti State, Nigeria Email: [email protected], [email protected] Abstract MINT is a new acronym referring to the economies of Mexico, Indonesia, Nigeria, and Turkey. The term is being popularized by Jim O'Neill of Goldman Sachs, who had created the term BRIC. The idea is that Mexico, Indonesia, Nigeria and Turkey have very favourable demographics for at least the next 20 years, and their economic prospects are encouraging. Is it likely that these countries would do enough on the economic-policy front to quickly realize that potential? Can they do what is needed to lift the country’s growth rate to double digit? Will they be able to advance infrastructure, increase middle class and rapidly decline poverty rates? Are these MINT countries in a “mint” condition to fulfil expectations of their emergence as economic powerhouses? This paper will rely on existing literatures, newspaper articles as well as World Bank data to achieve its assignment. We will conclude that the MINT countries will have to engage their youth population creatively and productively to be able to actualise their future economic potentials. The paper suggests economic models that will make the favourable demographics an asset. Keywords : MINT Economies, Economic Power bloc, Youth Engagement, Nigeria, Mexico, Turkey, Indonesia 1.
    [Show full text]
  • ROGE-2017-253 Prof. Bates
    The Business and Management Review, Volume 9 Number 1 July 2017 An examination of market entry perspectives in Emerging Markets Marvin O. Bates Department of Marketing, College of Business Lewis University, USA Tom A. Buckles Department of Marketing & Entrepreneurship School of Business & Management Azusa Pacific University, Azusa, CA, USA Key Words Emerging Markets, Entry Strategies, BoP, Base of the Pyramid Abstract This article examines emerging markets from two major perspectives. First the financial growth models typically based on a country’s GDP growth; this financial growth perspective gave rise to seven major definitions of emerging markets: BRICs, CIVETS, MINT, etc. The second perspective is an economic levels perspective based on the World Economic Pyramid; this economic levels perspective resulted in three global categories – the Top, Middle and Base of the Pyramid (BoP) markets. A new market expansion and market entry strategic model is proposed for each of the three World Economic Pyramid levels: Inter-country expansion, Intra-country entry, adjacent market entry, and Opposite market entry approaches. Prahalad’s 4 A’s marketing strategy (Awareness, Affordability, Access and Availability) for the BoP market is discussed, and the requirement for an articulated marketing strategy for the “middle market” is identified. Six operational biases identified by BoP strategic theorists held by MNCs regarding BoP market approaches are identified and discussed. And finally, the BoP strategic theorists identified the need for a BoP marketing focus replacing the traditional 4P marketing approach (i.e., Product, Price, Place and Promotion) with a BoP 4A marketing approach (i.e., Awareness, Affordability, Access and Availability). This article summarizes these recently evolving perspectives and insights to provide a context for future market research in both emerging and BoP markets.
    [Show full text]
  • DECISIONS Page I
    AFRICAN UNION UNION AFRICAINE UNIÃO AFRICANA Addis Ababa, Ethiopia P. O. Box 3243 Telephone: 5517 700 Fax: 5517844 Website: www.au.int EXECUTIVE COUNCIL Twenty-Seventh Ordinary Session 7 – 12 June 2015 Johannesburg, SOUTH AFRICA EX.CL/Dec.873-897(XXVII) DECISIONS Page i TABLE OF CONTENTS Sr. No. of No. DECISION NO. TITLE Pages 1 EX.CL/Dec.873(XXVII) Decision on the Budget of the African Union for the 2016 Financial Year – 2 Doc. EX.CL/898(XXVII) 2 EX.CL/Dec.874XXVII) Decision on the Draft Matrix of Modalities for Implementation of the Conclusions of the 4th 1 Joint Retreat of the AUC and the PRC in Hawassa, Ethiopia - Doc. EX.CL/897(XXVII 3 EX.CL/Dec.875XXVII) Decision on the Report on the First Phase of the 8th Pan African Congress - Doc. EX.CL/903(XXVII) 1 4 EX.CL/Dec.876XXVII) Decision on the Specialized Technical Committees 5 5 EX.CL/Dec.877(XXVII) Decision on the Reports of the PRC Sub- 9 Committees 6 EX.CL/Dec.878(XXVII) Decision on the Report of the Commission on The Implementation of Previous Decisions of the 1 Executive Council and the Assembly Doc. EX.CL/901(XXVII) 7 EX.CL/Dec.879(XXVII) Decision on the Report on the International Conference on Illegal Exploitation and Illegal 1 Trade in Wild Flora and Fauna in Africa - Doc. EX.CL/910(XXVII) 8 EX.CL/Dec.880(XXVII) Decision on the Progress Report on ASEOWA Doc. EX.CL/911(XXVII) 1 9 EX.CL/Dec.881(XXVII) Decision on the Progress Report of the Commission on the Establishment of the African 1 Centre for Disease Control and Prevention Doc.
    [Show full text]
  • Markets' Globalization and Emerging Economies the Mints Economic
    www.ijbcnet.com International Journal of Business and Commerce Vol. 5, No.02: [38-55] (ISSN: 2225-2436) Markets’ Globalization and Emerging Economies The MINTs Economic Growth: Developments and Prospects Prof. Scalera Francesco Corresponding author Lecturer in Strategy and Business Policy and International Management Department of Economics University of Bari “Aldo Moro”, Italy P. Amedeo Street 160 -70122, Bari [email protected] PhD. Mag. Todri Ardita Lecturer in Portfolio Risk Management and Econometrics Finance and Accounting Department, Faculty of Economics University of Elbasan”Aleksander Xhuvani”, Albania Former Officers House Elbasan, Albania [email protected] Abstract In a few years’ time, the acronym BRICS has become a real point of reference for all experts and for everyone who is interested in those subjects which are linked to the new emerging economies and to the world competitive dynamics. Even other acronyms and abbreviations coined by different institutional investors, merchant banks and economists were successful. In fact, such terms as “Next Eleven”, “EAGLEs”, “CARBS”, “MIKT” e “E-7” are just some of the most known in the rich dedicated literature. Recently, emerging Countries have suffered a dramatic cut in their investments involving the main industrial sectors and many analysts questioned the firmness of their economic systems over the long period. Though interest and enthusiasm raised by emerging Countries have gradually faded in the mind of investors and multinationals, some of them are still drawing the attention, as it is the case of those Countries known as MINT (Mexico, Indonesia, Nigeria, Turkey), that are showing interesting economic growth rates. These areas share a number of factors that are particularly attractive to the main international investors and are likely to offer, in the next future, plenty of opportunities for development that are presently difficult to be quantified.
    [Show full text]
  • COIN NEWS CANADIAN Numismatic
    ebrati el ng C CANADIAN 50 COIN NEWS YEARS Volume 51 • Number 06 July 2 - 15, 2013 $3.50 Louisbourg settlement’s 300 years marked by coins By Bret Evans From left to right: Royal he Royal Canadian Mint has Canadian Mint Board of issued two new coins mark- Directors member Kirk ingT the 300th anniversary of the MacRae and Parks Canada founding of the settlement of Field Unit Superintendant Louisbourg, on Cape Breton Is- (Cape Breton) Chip Bird land. unveil new gold and silver Founded in 1713 by 150 colo- collector coins honouring nists from France, the settlement the 300th anniversary of the quickly grew into a fortress with founding of Louisbourg at one of the largest military garri- the Fortress of Louisbourg sons in North America. Con- National Historic Site in struction of the fortification was Cape Breton, Nova Scotia. mostly done between 1730 and 1740. Eventually the population The reverse design shows the reached nearly 5,000 people. Frederick Gate, and images of The settlement’s strategic lo- cod and a ship. It was designed cation made it desirable to both by Peter Gough. the British and the French. The weeks. Maj. Gen. Jeffrey Amherst restoration of parts of the origi- tering containing the words The small coin weighs 1/25 of a British captured it in 1758, but it had determined that its capture nal town and fortress took place. “Louisbourg 300” and a repeat- troy ounce, with a diameter of was returned to France in return was essential before any effort One of the commemorative ing pattern of an anchor, fleur- 13.93 mm.
    [Show full text]
  • B20 Press Release
    B20 Press Release B20: The German business community passes the torch to Argentina G20 must not allow itself to be divided Daniel Funes de Rioja, successor of Jürgen Heraeus as B20 Chair Trade, energy and climate, digitalization, infrastructure, education and training important B20 issues German business passes on the presidency of the official G20 business dialogue, the Business20 (B20), to Argentina. The hand-over ceremony will be held in Buenos Argentina on Wednesday. “We can be proud of what we have accomplished as B20 Germany,” said B20 Chair Jürgen Heraeus on Sunday in Berlin. The handover will take place one month before Argentina will officially assume the chairmanship of the G20 and the 11th Ministerial Conference of the World Trade Organization in Buenos Aires. “The B20 is crucial for an effective G20 that shapes globalization,” emphasized Heraeus. Under the German Presidency, more than 700 leading business representatives from all economic sectors developed joint policy recommendations addressing the major challenges of our time. For the first time, the B20 focused on the topics of digitalization, climate change, and energy efficiency. “The G20 Summit in Hamburg was a partial success, given the difficult negotiating climate. We are nonetheless disappointed that the G20 did little more than secure the status quo in many areas such as international trade,” continued Heraeus. The G20 must now fulfill the obligations of Hamburg. “The G20 must not allow itself to be divided.” It must create a global environment that promotes sustainable growth and development around the world. This includes open markets and climate protection. “We stand with B20 Germany for open and rules-based markets.
    [Show full text]
  • Cybersecurity in ASEAN: an Urgent Call to Action
    Cybersecurity in ASEAN: An Urgent Call to Action As the region is poised to take its position amongst the world’s top digital economies, the doors are wide open for cyberattacks. A radical agenda can help policy makers and industry leaders defend and capture a wealth of value. Cybersecurity in ASEAN: An Urgent Call to Action 1 Contents Executive Summary . 1. The ASEAN region is a prime target for cyberattacks . 1 The situation will escalate over time . 1 An urgent call to action . 2 1 The ASEAN Region: A Prime Target for Cyberattacks . 3 1 1. ASEAN countries have emerged as launchpads for cyberattacks . 5 1 .2 Policy preparedness is still nascent with a lack of institutional oversight and limited funding to fortify digital economies . 6 1 .3 A nascent local cybersecurity industry with shortages of home-grown capabilities and expertise . 10 1 .4 Perception that cyber risk is an IT risk results in the absence of a holistic approach to cyber resilience . 13 1 .5 Multiple vendor relationships and product deployments result in operational complexity . 15 2 The Cybersecurity Challenge is Escalating . 17 2 1. The cybersecurity challenge is likely to get more complex . 18 2 .2 The exposure for ASEAN’s top companies is $750 billion and is likely to increase . 26 3 Call to Action: The Need for an Active Defense Mindset . 27 3 1. Elevate cybersecurity on the regional policy agenda . 27 3 .2 Secure a sustained commitment to cybersecurity . 31 3 .3 Fortify the ecosystem . 33 3 .4 Build the next wave of cybersecurity capability .
    [Show full text]
  • Public-Private Dialogue (PPD) on Personal Data Protection and Utilization in the Asia-Pacific Region: Challenges and Opportunities
    Public-Private Dialogue (PPD) on Personal Data Protection and Utilization in the Asia-Pacific Region: Challenges and Opportunities APEC Digital Economy Steering Group April 2021 APEC Project: ECSG 02 2019A – Public-Private Dialogue (PPD) on Personal Data Protection and Utilization in the Asia-Pacific Region: Challenges and Opportunities Produced by: Choong-nyoung Lee (Mr) Ministry of Trade, Industry and Energy Government Complex-Sejong, 402, Hannuri-daero, Sejong-si Republic of Korea E-mail: [email protected] Prepared for: Asia-Pacific Economic Cooperation Secretariat 35 Heng Mui Keng Terrace Singapore 119616 Tel: (65) 68919 600 Fax: (65) 68919 690 Email: [email protected] Website: www.apec.org © 2021 APEC Secretariat APEC#221-CT-01.5 Acknowledgement This project was guided by APEC Division, the Ministry of Industry, Trade and Energy, Korea. It was developed under closer collaboration with APEC Electronic Commerce Steering Group (ECSG) and honourable speakers from Australia; Chile; Japan; Korea; the US; other non-member economies such as UK; Finland; Belgium, and genuinely supportive co-sponsor economies namely Australia; Chile; Indonesia; Papua New Guinea; Peru; Philippines; and Chinese Taipei. This report consists of two parts: Summary of the Dialogue (starting from page 1) and Research paper (starting from page 13). The views and opinions expressed in this report are those of the authors and do not necessarily reflect the official policy or opinion of all APEC member economies. Table of Contents Part I. Summary of the Dialogue 1. Executive
    [Show full text]
  • Edexcel AS and a Level Geography
    Edexcel AS and A level Geography Topic Booklet for Area of Study 4: Human Systems and Geopolitics, Topic 7: Superpowers Practical support to help you deliver this Edexcel specification Our specifications offer an issues-based approach to studying geography, enabling students to explore and evaluate contemporary geographical questions and issues such as the consequences of globalisation, responses to hazards, water insecurity and climate change. The specification content gives students the opportunity to develop an in-depth understanding of physical and human geography, to understand the complexity of people and environment questions and issues, and to become critical, reflective and independent learners. The AS and A levels in Geography are linear, and all assessments are at the end of the course. The AS Assessment will be at the end of the first year, and the A level Assessment will be at the end of the second year. The specification has been designed so that the content is clear and that it is manageable for centres to deliver within the guided learning hours over a one-year (AS level) or two-year (A level) period. The guided learning hours are 180 for an AS level and 360, over two years, for an A level. This document provides a topic guide for teaching Topic 7: Superpowers, and can be adapted by centres to fit their own contexts and teaching styles. It has been produced as an example approach and is not intended to be prescriptive. The topic guides indicate resources that you can use to support your teaching. These are only suggestions and you are encouraged to use a wide range of resources to suit the needs of your own students.
    [Show full text]
  • The Private Mint in Economics: Evidence from American Gold Rushes
    CMFA No. 003 WORKING PAPER 2021 The Private Mint In Economics: Evidence from American Gold Rushes Lawrence H. White Professor of Economics, George Mason University, and Senior Fellow, Cato Institute March 17, 2021 CMFA Working Papers are intended to circulate research in progress for comment and discussion. In cases where publishers require the removal of working papers, the paper will be removed and updated with a notice of publication. Comments can be emailed to [email protected]. For more information, please visit www.Alt-M.org. The private mint in economics: Evidence from the American gold rushes Lawrence H. White* Department of Economics, George Mason University [email protected] Abstract: Given a gold or silver standard, some economists have supposed that the private minting of coins is socially inefficient because, due to information asymmetry, private coins will be chronically low in quality or underweight. An examination of private mints during gold rushes in the United States 1830-61, drawing on contemporary accounts and numismatic literature, finds otherwise. While some private gold mints produced underweight coins, from incompetence or fraudulent intent, such mints did not last longer than a few months. Informed by newspapers about the findings of assays, money-users systematically abandoned substandard coins in favor of full-weight coins. Only competent and honest mints survived. JEL Codes: E42 , D83 Keywords: gold standard, coins, mints, gold rush, information asymmetry *The author gratefully acknowledges support from the Mercatus Center at George Mason University and the Eudaemonia Institute of Wake Forest University. Views and errors are his alone. 1 The private mint in economics: Evidence from the American gold rushes Although not as prominent in economics textbooks as the case of the lighthouse scrutinized by Ronald Coase, the precious metallic mint has also played the role, in the writings of some economists, of what Coase (1974, p.
    [Show full text]
  • G20 Plans and Preparations Ryan Hilimoniuk Researcher, G20 Research Group October 30, 2011
    2011 G20 Plans and Preparations Ryan Hilimoniuk Researcher, G20 Research Group October 30, 2011 List of Acronyms and Abbreviations 2 Participants 28 Preface 2 Ministerial Meetings and Preparations 29 Background 3 Meetings 29 Agenda and Priorities 3 Labour and Employment Ministers 31 Priorities 3 September 25-27, 2011 31 Financial Regulation 5 Agriculture Ministers 31 Corruption 8 June 22-23, 2011, Paris, France 31 Reform of the International Monetary System 9 Finance Ministers and Central Bank Governors 32 Economic Imbalances 11 August 8, 2011 32 Commodities 14 April 14-15, 2011, Washington DC 32 Food Security 16 March 31, 2011, Nanjing, China 33 Global Governance 20 February 18-19, 2011, Paris 33 Africa 21 Preparations 35 Development 22 Civil Society and Other G20-Related Activities 35 Energy 23 Appendices 36 Innovative Financing 23 List of Meetings 36 Other 24 G20 Leader Experience 37 Business 20 (B20) 27 G20 Finance Ministers and Central Bank Global Growth 28 Governors 37 G20 Sherpas 38 G20 Leader Biographies 38 International Organization Participants 42 List of Acronyms and Abbreviations 3G Global Governance Group ASEAN Association of South East Asian Nations B20 Business 20 BCBS Basel Committee on Banking Supervision BRIC Brazil, Russia, India and China EFSF European Financial Stability Facility FAO United Nations Food and Agriculture Organization FSB Financial Stability Board FTT financial transactions tax GAFSP Global Agriculture and Food Security Program GECF Gas Exporting Countries Forum GCC Cooperation Council for the Arab States
    [Show full text]