Finance professor studies economic gap between African countries and rest of the world
Although many Americans are very concerned with the internal economic problems plaguing their country, Lemma Senbet, the William E. Mayer chair professor of finance, understands the importance of looking at the growth of the global economy. Senbet has largely focused on the economies in Africa, where most of his recent research has taken place.
"Africa has recently seen rapid growth in their economies, but there is still a developing gap between African countries and the rest of the world," said Senbet.
According to Senbet, this gap partly results from the intrinsic "linkage between public policies and private sectors" and their functional discord. He pointed to the recent U.S. recession as an example.
"Public policy did not match up with the housing market, thus there was a great societal and governmental impact when it failed," said Senbet.
How can the economic growth in African countries affect the U.S.?
"It will add diversification for financers," Senbet said. "Africa adds more choices for investors so that they don't invest only in the U.S. economy. In that way, it will put more money into the African economies, adding to the growth. It will be mutually beneficial."
Get Top Stories Delivered Weekly
Recent The Munch News Articles
Discuss This Article
GET TOP STORIES DELIVERED WEEKLY
FOLLOW OUR NEWSPAPER
LATEST THE MUNCH NEWS
RECENT THE MUNCH CLASSIFIEDS
OUTSIDE THE LINES
- A Story To Sing About
- The Gap in Gum Care: Why Caring For Your Teeth’s F...
- Top Tips for Signature Scents and Better-Smelling Laundry
- A Dog Trainer’s Top Tips to Support Pets Through Life S...
- Clear the Air of Indoor Pollutants This Spring
- Stroke & Dementia in Black Men: Tips for Staying Healthy...
- Hispanics and African Americans at Higher Risk for Eye...
- African Americans at Higher Risk for Eye Disease
- Infinity Kings: Final Book In A Favorite Fantasy Series
- What You Need To Know About Keratoconus and the iLink...
FROM AROUND THE WEB
- Don’t Let Diabetes Shortchange Your Golden Years
- No Child is Forgotten By Marine Toys for Tots
- Sweeten Your Springtime Salads With Healthy Chilean Grapes
- Young Author Translates 4,000-Year-Old Text to Reveal...
- Keeping Cool and Energy-efficient Amid America’s “...
- Addressing Sarcopenia with a Healthy Diet
- Subway’s New Wraps Elevate Eating on the Go
- Family Teacher Conference Topics Beyond Academics
- Youth Take Down Tobacco
- BookTrib’s Bites: Four Reads to Kickoff Spring
COLLEGE PRESS RELEASES
- Shoff Promotions Comic Book & Sports Card Show
- Semiconductor Research Corp unveils 2024 Research Call, $13.8M Funding
- Charles River Associates Opens Second Scholarship Cycle, Expands to the UK
- BLUMHOUSE AND AMC THEATRES LAUNCH FIRST-EVER HALFWAY TO HALLOWEEN FILM FESTIVAL
- THE GEN Z IMPERATIVE: LISTEN TO FEELINGS AND GIVE GEN Z A VOICE