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Three most interesting articles of the day

  • Follow the sun: Solar power is reshaping energy production in the developing world (The Economist): “Led by big projects in these two countries [China and India], global solar-energy capacity rose by 26% last year. More remarkable is the decline in its cost. Studies of the “levelised cost” of electricity, which estimate the net present value of the costs of a generating system divided by the expected output over its lifetime, show solar getting close to gas and coal as an attractively cheap source of power.”
  • Zimbabwe’s Black Market, Where the Dollar Trades Against Itself (Bloomberg): “In Zimbabwe – the country that once suffered 500 billion percent inflation – one dollar may now cost you as much as $1.07. A shortage of banknotes is resulting in a new black market more than seven years after Zimbabwe abolished its own money, the Zimbabwean dollar, and adopted the greenback and other foreign currencies to avoid exactly that sort of unofficial trading.”
  • Worth celebrating: Regional trade has been good for at least part of the continent [specifically East Africa] (The Economist): “A regional club of six countries, the EAC is now the most integrated trading bloc on the continent. Its members agreed on a customs union in 2005, and a common market in 2010. The region is richer and more peaceful as a result, argues a new paper* from the International Growth Centre, a research organisation.”

Bonus:

 

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