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Climate adaptation and inequality: Lessons from Cape Town’s drought

GLOBAL BUSINESS AND FINANCE MAGAZINE
June 12, 2025
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A growing number of urban areas around the world face water scarcity. Focusing on the prolonged drought that Cape Town experienced from 2015 to 2018, this column examines how adaptation shaped outcomes for the city’s residents and for its municipal water utility. While policy measures including higher prices and usage restrictions saved the city from […]

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How to manage the economic trade-offs of public procurement policies in developing economies

GLOBAL BUSINESS AND FINANCE MAGAZINE
May 20, 2025
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Government procurement—the process in which public entities buy goods and services from private companies—represents between 5% and 20% of a country’s GDP, depending on the country. Public procurement policies allow governments to strategically support certain firms and sectors, for example, small businesses or eco-friendly products. In using public procurement systems, policymakers must navigate a trade-off: […]