Senegal enters a new chapter as an offshore oil and gas producer, navigating the complexities of existing agreements and rising expectations. Morocco, having undergone significant structural transformation, now stands at a pivotal moment. The question is whether its reform trajectory can adapt to emerging global challenges. In Brazil, persistent efforts to stimulate innovation continue to face structural obstacles, revealing the limitations of inward-looking industrial strategies. Trade tensions are intensifying as tariff measures reshape the global economy. In West Africa, sovereigntist narratives are gaining ground through both democratic processes and more assertive forms of rupture. In this evolving context, one must ask whether national strategies can keep pace with global disruptions or whether entirely new frameworks need to be imagined.
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(FR) Senegal in the offshore oil and gas era
Francis Perrin
In 2025, Senegal joined the ranks of LNG exporters, following its first offshore oil production in 2024. Yet, as Francis Perrin notes, limited state revenues and contracts favoring foreign firms raise a critical question: can the new government secure fairer terms while honoring existing commitments?... Read more
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A new methodology to track the dynamics of structural transformation applied to the case of a developing country
Aomar Ibourk, Zakaria Elouaourti
A new empirical method reveals that Morocco’s structural transformation, driven by labor reallocation across sectors, advanced notably between 1991 and 2003 but stalled after 2004—raising questions about the sustainability of past productivity gains... Read more
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The Spring of Tariff Regret
Otaviano Canuto
The IMF's latest outlook warns of a global slowdown triggered by rising trade barriers, with U.S. growth projections for 2025 slashed from 2.7% to 1.8%. Equity selloffs and bond market volatility reflect mounting fears that Trump’s tariff escalation marks a shift from transactional tactics to entrenched protectionism—can compromise still prevail in this escalating trade standoff?... Read more
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The Challenge of Fostering Innovation and Accelerating Economic Growth in Brazil
Sérgio R. R. de Queiroz, Nicholas S. Vonortas, Otaviano Canuto
Despite decades of pro-innovation policies, Brazil remains trapped in low-growth equilibrium, with weak business R&D and limited global integration. Can reversing inward-looking industrial strategies unlock the country's stalled innovation potential?... Read more
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(AR) Tuesday Talk: Morocco and the challenges of tariffs in the Trump era
Trump’s sweeping tariff hikes have reignited global trade tensions, with potential spillovers even for smaller partners like Morocco. Given the U.S.–Morocco Free Trade Agreement, how might Rabat navigate rising protectionism while preserving its export interests?... Watch
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(FR) The rise of sovereignty in West Africa
The rise of sovereigntist narratives in West Africa reflects shifting conceptions of state authority, from the rupture-led agendas of AES military regimes to Senegal’s democratic push for economic justice. Can these divergent paths converge toward a truly exercised and transformative sovereignty?...Listen
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