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Nigeria

Nigeria emerges as Africa’s largest economy

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Earlier this month, Nigeria ‘recalibrated’ the way it calculates its gross domestic product to more effectively capture the real value of its economy.nigeria_flag_icon

It’s a step that many countries in sub-Saharan Africa are taking — including Ghana in 2010 and Kenya this year — as they refine the tools they use to measure GDP growth. Nigeria, for example, hadn’t recalculated its base since 1990. Perplexingly, e-commerce, telecommunications and the country’s growing film industry (‘Nollywood’) hadn’t previously been captured.

Not surprisingly, the recalibration caused Nigeria’s official GDP to leap by nearly 75% to around $510 billion, making it Africa’s largest economy. That shouldn’t come a surprise to anyone, in light of predictions that Nigeria would overtake South Africa sometime by the end of the decade. Nigeria is the epitome of the newly emerging Africa. Lagos, its sprawling port, is now Africa’s largest city, recently surpassing Cairo. Its population, already Africa’s largest at 173.6 million, could surpass the US population within the next three decades or so.

But Nigeria’s newfound status is more the beginning of a journey than its terminus, a journey that will become especially pertinent to global affairs throughout the 21st century as Nigeria’s impact begins to rival that of China’s or India’s.

But today, Nigeria’s GDP per capita, even after the rebasing, is just around $3,000. That’s less than one-half the level of GDP per capita in South Africa, which is around $6,600. Though the stakes of Nigeria’s relative success or failure will become increasingly important to the rest of sub-Saharan Africa and to global emerging markets in the years ahead, there’s no guarantee that Nigeria, 54 years after its independence, won’t succumb to state failure.

Nigeria spent its first decade stuck in a tripartite ethnic struggle that ended in a devastating civil war, followed by bouts of military rule from which it emerged imperfectly in 1999. Lingering security challenges, like those posed by Boko Haram, a Muslim insurgency from Nigeria’s northeast, continue to expose the country’s ethnic tensions and the religious and socioeconomic gap between the relatively prosperous Christian south and the relatively underdeveloped Muslim north. Incipient political institutions plagued by a culture of corruption for decades, with less than fully formed democratic norms, could easily erase the stability gains made since the 1999 return to democracy. Although oil wealth has since the 1960s given Nigeria a financial means to solve its lengthy list of developmental, educational, and environmental problems, the mismanagement of oil revenues have so far transformed the wealth into a classic resources curse.

Existential challenges

Ethnic Groups in Nigeria

Even before independence, British colonial rule divided what is today’s Nigeria into a Northern Protectorate and a Southern Protectorate, and the two parts of today’s Nigeria were governed, nearly until 1960, as discrete units. Continue reading Nigeria emerges as Africa’s largest economy →

Chile

Bachelet’s most tenacious second-term foe? Lofty expectations.

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Michelle Bachelet, Chile’s president between 2006 and 2010, pulled off Sunday what no other Chilean president has done since the return of democracy in the post-Pinochet era — win a second, non-consecutive term.chile

To draw a contrast to the United States, only one president managed to return to the White House after leaving it — Grover Cleveland, who served two non-consecutive terms in the 1880s and the 1890s, though he’s routinely ranked among the more forgettable and inconsequential of US presidents.  Although it’s an inexact analogy (US presidents have never been barred from holding two consecutive terms the way that Chilean presidents are), Bachelet now faces the challenge of becoming one of Chile’s transformational 21st century leaders — in short, her challenge is not to become Chile’s Grover Cleveland.

Her return as president follows a four-year interregnum of government by Chile’s center-right — and in Sebastián Piñera, a president who represented the most moderate tendencies of the Chilean right, largely unsullied by association with the 17-year military regime of Augusto Pinochet.  Piñera’s term has been marked by relatively robust economic growth and sound government, even if Piñera himself hasn’t always been the most effective advocate for his own administration.  That became especially clear as Piñera seemed to lose control of the tussle between his government and student protesters throughout his term in office.

Moreover, the center-right did itself no favors in the process of nominating a candidate to succeed Piñera — the initial resignation of frontrunner Laurence Golborne last spring over private-sector scandal, the subsequent primary fight within the Chilean right between the more moderate Renovación Nacional (RN, National Renewal) and the more conservative Unión Demócrata Independiente (UDI, Independent Democratic Union), the sudden withdrawal of the primary winner Pablo Longueira, and his hasty replacement with former labor minister Evelyn Matthei as the standard-bearer of the fractured center-right Coalición por el Cambio (Coalition for Change) — widely referred to as the Alianza por Chile (Alliance for Chile).

But even in a parallel universe where a united Alianza backed a scandal-free Golborne, Bachelet was always deemed the favorite to win the Chilean presidency.  Furthermore, though Bachelet nearly routed Matthei in the first round (46.70% to 25.03%), she won a nearly two-to-win landslide against Matthei in Sunday’s runoff (62.16% to 37.83%).  But as Bachelet prepares to return to La Moneda, she should fear that the same forces that rendered the Piñera administration so unpopular could also render her second term even more  unpopular, especially after raising such high expectations in her successful second-term presidential campaign.

Part of the problem is that her constituency today covers a wider portion of Chile’s political spectrum than it did in her first victory eight years ago.   Continue reading Bachelet’s most tenacious second-term foe? Lofty expectations. →

Chile

Can Bachelet win a first-round victory in Chile’s presidential election?

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Michelle Bachelet is almost certain to set a new precedent in post-Pinochet Chilean politics when she wins a second (non-consecutive) term as president, returning to the office she held between 2006 and 2010. chile

But it’s an open question as to whether Bachelet (pictured above) will do so with a first-round victory — meaning that Bachelet will need to win at least 50% of the vote on Sunday, November 17 in order to avoid a runoff later in December.

Bachelet’s victory would return the broad center-left Concertación de Partidos por la Democracia (Concert of Parties for Democracy) to La Moneda, Chile’s presidential palace after the center-right presidency of businessman Sebastián Piñera, the first non-Concertación president in Chile’s post-Pinochet era, which began with the October 1988 referendum in which Chilean voters opposed extending the reign of Augusto Pinochet’s  on

Some polls show Bachelet tantalizingly close to achieving enough support for a first-round victory.  An Opina Research poll published by El Comercio earlier this week shows Bachelet with 46%, to just 22% for Evelyn Matthei, the candidate of Chile’s center-right coalition, the Coalición por el Cambio (Coalition for Change), but widely known as the Alianza por Chile (Alliance for Chile).  A Centro de Estudios Públicos poll from last week shows Bachelet with 47% and Matthei with just 14%.

But an even more recent IPSOS survey conducted between October 19 and November 5 shows that Bachelet is very likely to head to a runoff — even after stripping out undecided voters, Bachelet won just 35% and Matthei won 22%.

Bachelet’s problem is that Matthei doesn’t represent her sole competition.  Two third-party candidates routinely poll between 10% and 15% in surveys, and they could shake up Sunday’s race if Bachelet’s supporters remain complacent and center-right voters remain unenthusiastic about Matthei.

The first is Marco Enríquez-Ominami (popularly known as ‘MEO’), who burst onto the Chilean political scene in 2009 when he left the Partido Socialista de Chile (PS, Socialist Party of Chile) to run for president as an independent.  MEO ultimately won 20% of the vote, falling behind both Piñera and the runner-up, former president Eduardo Frei Ruiz-Tagle.  Enríquez-Ominami founded the Partido Progresista (Progressive Party) in 2010, and he’s running again for president on a stridently leftist platform that openly embraces the communist legacy of former Chilean president Salvador Allende, who died in the 1973 coup that brought Augusto Pinochet to power.  The events of both the Allende presidency and the Pinochet regime continue to loom heavily over Chilean politics.

But another independent candidate has stolen some thunder from both MEO and Matthei.  Franco Parisi, a popular economist and business professor, and a a former councillor of Chile’s copper commission between 2010 and 2012, is running as a centrist candidate in the presidential elections.  Matthei has launched a negative onslaught against Parisi over the past few weeks, accusing him of owing $200,000 in back wages to employees, and though her negative attacks have reversed some of Parisi’s gains, he’s still polling in the mid-teens.

A third candidate, Marcel Claude, a former official in Chile’s central bank and an environmental activist, is running as an independent with the endorsement of Chile’s small Humanist Party.

In the most recent IPSOS poll, 15% of voters supported Parisi, 12% supported Enríquez-Ominami, 7% supported Claude and 5% supported other small candidates — taken together, that means that 39% of Chileans support a third candidate in 2013, even more than support Bachelet.  Moreover, depressed turnout for Mathei’s candidacy could conceivably launch either Parisi or Enríquez-Ominami into a runoff with Bachelet — it would be the first such presidential runoff that didn’t feature a race between the mainstream center-left Concertación and the mainstream center-right Alianza.  Continue reading Can Bachelet win a first-round victory in Chile’s presidential election? →

Chile

Does the Chilean right have any chance in November against Bachelet?

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Earlier this year, before anyone had jumped into the Chilean presidential race, you could easily have thought that the inevitable candidacy of popular former center-left president Michelle Bachelet was a kind of dress rehearsal for Hillary Clinton’s potential 2016 U.S. presidential race.chile

After four years away from La Moneda, Chile’s presidential palace, and fresh off a stint with the United Nations as the head of the newly created UN Women group, Bachelet was not only the overwhelming favorite to win the presidential nomination of the Concertación de Partidos por la Democracia (Concert of Parties for Democracy), the coalition of Chile’s center-left parties, but to win the November 17 election outright, perhaps with enough support to win an absolute majority and avoid a presidential runoff for the first time in two decades. 

True to form, Bachelet returned to great fanfare in March, declared her candidacy for president and won the Concertación primary with over 75% of the vote, putting her on track to accomplish what no other former president has done in the post-Pinochet era — return for a second term at La Moneda.  While Chilean presidents are prohibited from running for reelection, they are not prohibited from running for a second, non-consecutive term.

But the path has only smoothed for Bachelet as the Chilean right has lurched from one crisis to the next, settling on its third-choice candidate for president, Evelyn Matthei (pictured above) late last month.

Her hasty selection ensures that the next president of Chile will almost certainly be a woman, but it also establishes a new dynamic in the race.

Matthei and Bachelet were once childhood playmates when their fathers served together in Chile’s air force.  Matthei’s father, however, supported Augusto Pinochet after the 1973 coup against Salvador Allende.  Bachelet’s father, a general who opposed the coup led by then-general Pinochet, was later imprisoned and tortured by the Pinochet regime until he died in 1974 imprisoned.  Bachelet and her mother emigrated to Australia and East Germany, though Bachelet returned to Chile in 1979 to pursue a career as a pediatrician.

Matthei is not incredibly conservative on social issues like abortion and same-sex marriage, and she has a reputation as an outspoken, independent, and sometimes profane voice in Chilean politics.  Given that she’s more personable than the candidate she replaces, Pablo Longueira, a former senator and minister of economy in Piñera’s administration, she could well turn out to be a better standard-bearer for what was always going to be an uphill fight.  It also helps that she’s not burdened with having directly supported Pinochet in the 1980s, tedious baggage that Longueira would have carried with him into the election.  Pinochet’s toxic legacy is one reason that Piñera has been only the first right-wing president Chilean president since the Pinochet left office in 1990.  Piñera himself has become increasingly unpopular in office, though he’s bounced back from a 2012 nadir — the latest July Adimark survey gives him a 37% approval rating (with 53% disapproval).

Longueira abruptly withdrew from the race in late July after disclosing that he was suffering from severe depression.   Continue reading Does the Chilean right have any chance in November against Bachelet? →