Member of the Board, Belfer Center for Science and International Affairs
May 2, 2012
Op-Ed, Financial Times
"Europe's monetary union is neither the joint checking account of a dysfunctional family nor a latter-day gold standard. It was always meant to be a staging post on the road to a federal Europe. Today the biggest threat to its survival is no longer the economic consequences of austerity; it is the political consequences, in the form of populist, anti-European, usually xenophobic fringe parties. Almost everywhere but Germany, such parties are gaining support."
Science, Technology, and Globalization
April 30, 2012
By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs
"In the years that lie before us, a great struggle will play out south of the Sahara: a struggle between man and Malthus. According to the Rev. Thomas Malthus’s famous principle—sometimes called the Malthusian trap—population grows geometrically, but the supply of food increases arithmetically. Viewed in those terms, many African countries today seem doomed to misery and vice," writes Belfer Center International Council member Niall Ferguson, "So is Africa heading over a demographic waterfall? Maybe not....Two things are changing the continent’s prospects. The first is the surging demand for the natural resources that are so abundant in Africa....The other game changer is mobile telephony....cellphones are giving poor Africans access to basic financial services for the first time."