November 20, 2017
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Posted by NCID

In Nigeria, English is the official language. Thus, making it essential for education, documentation and communication in formal settings. Yet out of the 185 million people living in the country, about 70 million speak Hausa as a first language, 28 million use Yoruba as a mother language and there are 24 million Igbo native speakers. In total, there are over 520 languages spoken across Nigeria. “The bigger the diversity, the more difficult it is to reach a compromise, so the status-quo remains, the colonial language that imposes a high cost on its citizens,” said Dr. Rajesh Ramachandran...

October 31, 2017
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Posted by NCID

Imagine that a baguette costs 1 USD. Three months later, you go to the same shop to buy the exact same baguette and the person at the counter asks for 1.85 USD. Suddenly, you can’t afford a baguette. Even if you could, that is the money you had budgeted for other primary needs. Far from being fiction, this happened in Haiti, where the price of grain increased up to 85 percent in 2008. The food crisis led to violent protests, as people couldn’t afford to eat, and eventually concluded with the ousting of the prime minister. 

Price shocks affect food security in many poor re...

October 16, 2017
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Posted by NCID

There is an ongoing debate on how to provide sufficient opportunities for individuals to escape the woes of poverty. Small and medium enterprises are one way to do that. However, capital is required and traditional means of obtaining it are inaccessible. This is where Microfinance Institutions (MFI) come in and provide microcredit, even if no collateral is present. Despite this availability and accessibility, in Bangladesh take-up is unexpectedly low. This issue is well-known in the literature, as is the fact that microcredit might lack the long-lasting social impact economists foresaw.

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