Ibrahim Ahmed Elbadawi Lecture on “The Macroeconomics of Oil Booms: Lessons for Sub-Saharan Africa”

Dr. Ibrahim Ahmed Elbadawi, a lead Economist at the Development Economic Research Group of the World Bank, discussed his paper titled, “The Macroeconomics of Oil Booms: Lessons for Sub Saharan Africa”. Dr. Elbadawi discussed how the rise of China and the recent global oil boom present huge economic opportunities for African oil-exporting countries. His findings suggest the ultimate development impact of the current oil boom and the deepening economic relations with China will eventually depend on these countries’ domestic economic policies for managing the boom, and the economic and political institutions underpinning these policies.