General

What Economists Get Right (and Wrong) When They Write

In economics, ideas rarely fail because they are wrong. More often, they fail because they are badly introduced, poorly structured, or concluded without conviction. Anyone who has sat through a policy briefing that began with a dense equation, or read a paper whose conclusion simply restated its abstract, will recognise the problem. Economic reasoning may be rigorous, but economic communication frequently is not. This matters more than economists sometimes admit. Economic ideas do not live in journals alone. They travel into ministries, boardrooms, classrooms and, increasingly, the public sphere. They inform interest rate decisions, shape fiscal priorities, and influence how societies understand inequality, inflation, and growth. When economists write, they are not merely reporting results. They are guiding interpretation and, in many cases, shaping action. A well-structured document is therefore not cosmetic. It is strategic. The introduction sets the contract with the reader. The body delivers on that promise through logic and evidence. The conclusion determines whether the message lingers or dissipates. Together, these elements determine whether economic insight becomes economic influence. The craft of economic writing should be seen through the lens of structure, with particular attention to introductions. Clarity, sequencing and narrative discipline are essential tools for economists who want their work to matter beyond their immediate peers, and I will draw on academic literature and a concrete example from applied monetary economics to make my point. The introduction is an intellectual handshake Introductions are often treated as formalities, a short runway before the “real” work begins. In economic writing, this attitude is costly. The introduction is not a summary. It is an invitation. It tells the reader why they should care, how the argument will unfold, and what intellectual journey they are about to undertake. Prinz and Arnbjörnsdóttir (2021) describe the introduction as the architectural foundation of an academic text. A strong introduction, they argue, engages the reader, provides context, and leads seamlessly to the thesis. Without this structure, even technically sound analysis can feel disjointed or inaccessible. Hassan (2024) makes a similar point from a research-writing perspective, noting that the introduction establishes purpose, relevance and direction. It is the reader’s first impression and, often, their decision point about whether to continue. In economics, this role is amplified by complexity. Models, data and policy debates can overwhelm even informed readers if they are not properly framed. A clear introduction performs three essential tasks. First, it defines the problem in plain language. Second, it situates that problem within a real-world context. Third, it signals what the reader will gain by engaging with the analysis. When any of these elements are missing, the reader is forced to work too hard, too early. And readers, whether policymakers or students, rarely persist out of goodwill alone. An introduction should earn attention A useful example comes from applied macroeconomic research rather than journalism. The paper “How optimal is Ghana’s single-digit inflation targeting? An assessment of monetary policy effectiveness in Ghana” by Amoatey, Ayisi and Osei-Assibey opens with a deceptively simple observation. The optimal level of inflation, they note, has long occupied both academics and policymakers because inflation produces both benefits and costs. Growth incentives coexist with welfare losses. Stability must be balanced against flexibility. This opening works for several reasons. First, it begins with a broad, recognisable concern rather than a technical claim. Inflation targeting is not introduced as a narrow econometric puzzle, but as a longstanding policy dilemma. Second, the authors immediately anchor the discussion in a specific national context. Ghana is not presented as an abstract case study, but as a real economy grappling with persistent target misses and credibility challenges. Third, the phrase “necessary evil” is doing rhetorical work. It signals tension, trade-offs and uncertainty, drawing the reader into the debate rather than presenting it as settled science. Most importantly, the introduction points forward. It makes clear that the paper is not merely descriptive. It is asking whether Ghana’s policy framework itself is fit for purpose, or whether execution, rather than design, is the problem. By the end of the introduction, the reader knows what is at stake, why it matters, and what question the analysis intends to answer. This is precisely what an introduction should do. It lowers the cognitive barrier to entry without diluting the intellectual challenge. It respects the reader’s intelligence while guiding their attention. Why economists struggle with introductions If strong introductions are so powerful, why are they so rare in economic writing? Part of the answer lies in training. Economists are taught to prioritise precision over persuasion. The incentive structures of academia reward methodological novelty and statistical robustness, not narrative clarity. Introductions become compressed literature reviews rather than carefully constructed arguments. There is also a cultural element. Many economists write as if their audience already agrees on why the topic matters. This assumption may hold within a narrow subfield, but it collapses when ideas travel across disciplines or into policy debates. What seems self-evident to a specialist may be opaque to everyone else. Finally, there is a misconception that clarity implies simplification and that simplification risks misrepresentation. In practice, the opposite is often true. Poorly structured writing obscures nuance. Clear structure allows complexity to be introduced gradually, giving the reader time to absorb assumptions, mechanisms and implications. The introduction is where this discipline begins. It forces the author to articulate, in accessible terms, what the problem actually is and why it deserves attention. Structure as a guide through complexity While introductions open the door, the body of an economic document determines whether the reader stays. Here, logical structure is the difference between illumination and confusion. Complex economic arguments typically rest on layered reasoning. Theory informs hypotheses. Data tests those hypotheses. Results feed into interpretation and policy implications. When this sequence is disrupted, the reader loses the thread. A well-structured body follows a clear progression. Concepts are introduced before they are applied. Data is explained before it is analysed. Results are interpreted before they are evaluated. Each section builds on the last, reinforcing the central argument

What Economists Get Right (and Wrong) When They Write Read More »

The Infrastructure of Trust

We talk endlessly about the infrastructure of roads, bridges, power stations, data cables, and so on, because they are visible, measurable, and easy to showcase. They create great photo opportunities and generate compelling headlines. Yet, beneath the steel and concrete, beneath the policy frameworks and financing models, there is another form of infrastructure that is harder to see but just as crucial. Trust. Not as a virtue or a desirable cultural trait, but as a fundamental infrastructure. A load-bearing platform. A system that enables commerce, innovation, and governance. When trust collapses, empires decay, businesses go bankrupt, and communities fracture, even if all the highways and fibre cables remain intact. The paradox is that we regard trust as “soft,” but history indicates it is the strongest foundation of all. Trust as Infrastructure, Not Intangibility Consider how we typically define infrastructure: it connects. A road links cities. A port links countries. A data centre links people to the cloud. Trust functions in the same way. It connects individuals and groups who might otherwise have no reason to transact or collaborate. A road without vehicles is useless. A contract without trust is equally useless if performance is the goal. In fact, even the most advanced transport systems cannot save a society where trust has disintegrated. One could even argue that trust is the first infrastructure. Long before humans built canals or railways, they relied on trust to hunt in groups, share food, and organise labour. Civilisation itself rests on this invisible architecture. Long before laws were written or currencies minted, trust allowed people to cooperate beyond bloodlines, to plan beyond the day’s survival, and to build systems that outlived individual lives. Without it, no market forms, no institution endures, and no shared future can be imagined. What we call civilisation is, at its core, trust scaled across time and distance. Trust and Innovation We also often celebrate innovation as a product of talent, capital, and technology. Those are the visible inputs. The things that show up in pitch decks and policy documents. But underneath all three is trust. Talent takes risks only when it believes effort will be rewarded rather than exploited. Capital flows only when it trusts that rules will be stable and commitments honoured. Technology is adopted only when people trust that it will not be used against them or fail them when it matters most. Strip trust away, and innovation becomes timid. People stop experimenting. They stop sharing ideas. They optimise for survival instead of progress. In those conditions, even the most gifted minds and the most sophisticated tools struggle to produce anything meaningful. A farmer in northern Ghana only experiments with a new seed variety if she trusts that buyers will not undercut her at harvest time. Without that trust, she sows, harvests and sells whatever she has quickly, for whatever price she can get, to avoid being cheated. Her willingness to innovate is held back not by a lack of ability but by a lack of trust in the system. Silicon Valley, celebrated as the temple of modern innovation, is not fundamentally about technology. It is about risk capital, which is essentially trust capital. Investors pour billions into young founders who may have only a prototype and a compelling story. That is trust made TANGIBLE. And even adopting technology itself requires trust. Digital wallets. AI-powered platforms. Blockchain tools. These do not scale simply because they are clever or well-engineered. They scale only when people believe the system will work for them, not against them. When trust is high, adoption accelerates. People are willing to try, to learn, to migrate from familiar habits to new tools. They accept short-term friction because they believe the long-term payoff will be honoured. But when trust is low, adoption becomes shallow and fragile. People may register for platforms but stop using them. They may experiment once but retreat at the first failure. They keep backups, workarounds, and informal alternatives because they do not fully believe the system will protect them when something goes wrong. In regions where trust in formal institutions is weak, even sophisticated technology struggles to gain real traction. The issue is rarely access or intelligence. It is fear of exclusion, fear of hidden costs, fear that the rules will change without warning. And once trust erodes, adoption does not merely slow. It reverses. People abandon systems they no longer believe in and return to what feels safer, even if it is less efficient. So if we ask why certain places leap forward while others stall, the missing variable might not be talent or money, but the invisible infrastructure of trust. Trust and Trade Trade, at its essence, is an act of faith. I am handing you goods today on the understanding that you will pay tomorrow. I ship cargo across borders with the assumption that your government will not suddenly change tariffs or seize my product. This fragile faith is what keeps economies running. When it fails, the repercussions are immediate. The 2008 financial crisis, for example, was not simply about subprime mortgages or toxic assets. At its core, it was a systemic failure of trust. Banks did not suddenly run out of money. What they ran out of was confidence in one another. Financial institutions operate on the assumption that counterparties are solvent, disclosures are broadly accurate, and risks are reasonably understood. In 2008, that assumption collapsed. Once banks began to doubt the quality of each other’s balance sheets, interbank lending froze. Institutions chose to hoard cash rather than lend it, not because cash was scarce, but because uncertainty was high. In financial terms, liquidity did not disappear; it became trapped. Money existed, but it stopped circulating. For non‑analysts, the simplest way to understand this is to imagine a marketplace where everyone suddenly suspects that the person on the other side of the transaction might not pay tomorrow. Even with full wallets, trade slows. People wait. They pull back. They protect themselves. That is exactly what happened at a global

The Infrastructure of Trust Read More »

How Postcolonialism Rewrites the Story of World Politics

For over a hundred years, the study of International Relations (IR) has been shaped by a handful of big ideas about how the world works. These ideas were developed in European and American universities, refined through the experiences of major powers, and exported globally as the standard vocabulary of global politics. They introduced concepts such as sovereignty, anarchy, intervention, development, and even peace. For many people working in business, governance, or international partnerships today, these ideas sit quietly in the background, shaping how organisations interpret global risk, competition, or cooperation. However, for an increasing number of thinkers, particularly in Africa and the wider Global South, there is a sense that this traditional view is incomplete. It describes the global order as if it arose naturally from European diplomacy, free markets, and the aftermath of two world wars. It depicts the West as the centre of the system, with the rest of the world as an extension to be governed, developed, or stabilised. This is where postcolonialism enters the stage. It is not just a critique, but a correction, a way of presenting a more complete story about how the world truly works. For business leaders, policy professionals, and everyone involved in making decisions in a global context, it offers tools to better understand power relations that traditional theories often overlook. We need to examine the central ideas of postcolonial thought, explain why it questions the foundations of mainstream international relations, and demonstrate why these insights are important well beyond the classroom. The Foundations of International Relations Were Built in an Imperial World To understand why postcolonial scholarship pushes back so strongly, we must start with how the discipline of international relations was born. It did not develop in a neutral global setting. Instead, it took shape during the height of empire. When early IR scholars wrote about international order, they often described it using language that suggested a self-contained European system: the rise of the modern state, diplomacy among great powers, and the balance of power that supposedly stabilised the continent. What these narratives quietly omitted was the wider context, the fact that European states also controlled vast overseas empires, extracted wealth, forced labour, and reshaped entire societies. Postcolonial scholars argue that this erasure is more than just a historical footnote. It influences how the discipline understands politics today. If the origins of global order are framed as European, peaceful, and orderly, then the violence and coercion that brought most of the world into that order are treated as peripheral, accidental, or irrelevant. This creates a problem for anyone trying to understand international business, development policy, or security dynamics. The world inherited from empire is deeply unequal, and those inequalities continue to influence markets, partnerships, and global governance. Ignoring that history or treating it as something outside the discipline, limits our understanding. Why Postcolonialism Challenges Conventional IR: The Core Claims Postcolonialism aims to reveal what is absent, concealed, or downplayed in mainstream approaches. Three themes constitute its core. 1. Conventional IR universalises Western experience. Traditional IR considers categories like “state behaviour”, “rational action” or “sovereignty” as universal. Postcolonial scholars argue these categories are not universal at all; they are historically specific to Western Europe and were disseminated through empire. This matters because it shapes which questions IR considers important. If Western experience becomes the standard, the rest of the world is judged based on its proximity to that model. States in Africa, Asia, and Latin America are described as “emerging”, “fragile”, “developing”, or “post-conflict”, while Western states are simply considered “normal”. The bias is subtle, but powerful. 2. Eurocentrism shapes narratives of peace, development and intervention. Postcolonialism argues that much of what is called “peacebuilding”, “democracy promotion” or “development assistance” relies on the assumption that Western models of institutions and governance are inherently superior. Even well-meaning interventions can reinforce hierarchies because they treat non-Western actors as objects of policy rather than as agents. This helps explain why large development programmes often face resistance or why some states push back against donor conditionalities. The issue is not just political; it is philosophical. People resent being seen as recipients of an imported model rather than as partners in shaping their own systems. 3. IR often separates today’s global politics from the violence that shaped it. For postcolonial scholars, the biggest problem with conventional IR is that it treats empire as a closed chapter. It analyses today’s conflicts or inequalities without acknowledging the historical processes that created them. In practical terms, this means: This separation makes it harder to explain why patterns of inequality persist. Postcolonial research, especially work that focuses on how empire structured global markets and political systems, reconnects the present to its historical roots. Why This Matters for Business and Policy At first glance, postcolonial theory may seem too abstract or philosophical for the practical realm of business strategy or development decision-making. But its insights have clear implications for how companies, governments, and multilateral organisations operate. 1. Markets are embedded in power. Investment flows, trade partnerships, and regulatory frameworks are often shaped by historical relationships. A company operating in Africa may find that certain sectors are dominated by external actors not because of efficiency but due to long-standing patterns of extraction. 2. Policy interventions require contextual legitimacy. Development programmes that fail often do so not because they are technically flawed, but because they do not align with local political histories. Postcolonial thinking warns policymakers about the danger of offering one-size-fits-all solutions. 3. Risk assessment changes when history is part of the equation. Political risk analysis usually concentrates on elections, conflict, and regulation. However, postcolonial perspectives emphasise deeper structural forces, such as resentment towards external influence or long-standing inequalities, which can alter outcomes. What Postcolonialism Adds to Our Understanding of Global Power 1. It makes visible what conventional IR overlooks. When mainstream theories describe international order through state-centric models, they often ignore the actors who bear the consequences of global decisions, such as workers in supply chains, communities affected by

How Postcolonialism Rewrites the Story of World Politics Read More »