The Economic Cycle 2015/16: The Next Revolution

 In January 2013, economics teacher Stuart Block spoke to a meeting of the Economic Research Council about his experiences cycling across Africa, and what he had learned about various aspects of African economies in the process.  

 Starting in September 2015, Stuart  plans to cycle to China on his tandem bicycle from the first trip following ancient and new ‘silk roads’ with his girlfriend and fellow teacher, Claire Le Hur. Keeping the back seat of the tandem free for those they meet en route, Claire will be riding a bamboo bike, built by an African social enterprise which Stuart helped to set up during his original trip. After a short European 'warm up' they will start their journey in East Africa. They will follow the journey of key natural resources used in smartphones, such as Copper and Gold, along their supply chains to resource- hungry Asia, in particular China.

 Using smartphones to record the adventure, partnering with Fairphone (a mobile phone company which puts social values first), they hope to explore the shifting balance of power in the world economy, and other geographical, historical and linguistic themes in an educational project aimed at students worldwide, and we'll be posting their thoughts below.

Wednesday
Oct212015

Update IV: A Positive Legacy from Colonial Tanzania?

In 1915, the German war effort temporarily came to Tanzania and a ‘battleship’ (built in 1913) was transported overland to help the ‘fatherland’ maintain control of its East African colony. 100 years later, we found ourselves at the pictureseque lakeside port of Kigoma, competing with a plethora of local traders to load ourselves and our bicycles onto the same ship. This eccentric relic from the colonial era kept us entertained for 48 hours and saved us 10 likely gruelling days of cycling the only (dirt) road to Zambia. More importantly, it plays a vital role in the local economy.

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Wednesday
Oct072015

Update III: Rwanda to Tanzania

As I highlighted in my last blog, the aid debate is probably the most contentious issue surrounding African development, highlighted by the recent spat between Bill Gates and Dambisya Moyo. Since then, we’ve travelled through Rwanda into the DRC and are now in Tanzania. All three countries have been recipients of vast sums of overseas aid and I’ve met and spoken with many stakeholders, including several people asking me for money. On a macro level, meanwhile, the UK has been leading the way in meeting the UN commitment for countries to spend 0.7% of their gross national income (GNI) on official development assistance (ODA).

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Wednesday
Sep232015

Update II: Introducing Dutch Disease in Uganda

We finished our European cycle in Amsterdam, capital of the Netherlands, a city with a rich economic history built around strong trade links over the centuries. One concept famously associated with Europe’s 5th largest economy is the dreaded ‘Dutch Disease’, coined by the Economist newspaper in 1977 to describe the negative impact of the discovery, in 1959, of natural gas reserves on the rest of the economy. I flew from Amsterdam to Uganda and started the African leg of the Economic Cycle in Kampala with a visit to Makerere University. Here I met with two budding economists to discuss whether Dutch disease was a threat to Uganda as well as other challenges for African policy makers.

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Wednesday
Sep092015

Update I: A Journey to the Heart of the EU from London…

After leaving London and the UK, although France is officially the second country that we cycled through, less than 20kms and barely an hour of pedalling under a grey sky on Sunday morning didn’t really justify a full blog. We crossed the border into Belgium just east of Dunkirk, (in)famous for the British retreat in 1940, entering the country from which the EU policies are formulated. Ironic perhaps that the country at the heart of the European Union is itself clearly divided, holding the current world record for a being without a government, previously held by war-torn Iraq.

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