COMALISO is equally concerned by China’s expropriative and exploitive tendencies in Zimbabwe. Yes, they may have ‘brought in millions’ in investment, but how many billions are they exporting? Why does Zimbabwe owe China that much if we are development partners? What value do Chinese compani...
Adam Smith “An inquiry into the nature and causes of the wealth of nations” and 5% does not sound like much relative to borrowing costs cited here for SSA but it was expensive given the gold standard kept inflation very low. 4. Kenya is not so different from pre-industrial England. “...
What happened to the Zimbabwe currency? How much revenue does the Government of India earn by breaking the rules and regulations of traffic? Does this include in GDP of India? What is the current (within the last 48 hours) exchange rate between the U.S. dollar and the Chinese Yuan?
Our study also shows that the political party that respondents belonged to played a role in how much they were influenced by Chinese or Western media. China’s Long Relationship with Zimbabwe During the Cold War, China competed with the Soviet Union to project itself as a force for liberation...
Although no one alive currently owns a trillion, we can look at examples who owe it. Now that's some serious credit card debt! Trillions of debt Much of the West has been economically blighted since the huge financial crash of 2008, and indeed, that was a catalyst in the UK's national...
The first is that the state is now much more active in economic development than at any point in recent decades. Somehow an economy must evolve from agrarian poverty to diversified industries that can compete with rivals in countries which have been rich for centuries. To do so requires infrast...
How much inflation is too much inflation? Every year, prices should be rising throughout the U.S. economy. A little bit of inflation is seen as a sign of a healthy economy, helping ensure businesses can keep hiring and consumers’ paychecks can keep growing. Fed officials target a 2 perce...
If the weather allows, dig them out, removing as much of their root systems as possible. Otherwise, tackle this first in spring. Next, remove and give away otherwise-healthy plants that you don’t want. Online buy-nothing groups and neighborhood pages are great places to find takers. Many...
Some countries accept the U.S. dollar as legal tender in addition to their own currencies, like the Bahamas, Zimbabwe, and Panama.8For some time after the founding of the U.S. Mint in 1792, Americans continued to use Spanish coins because they were heavier and presumably felt more valuable...
Fiat money gives central banks greater control over the economy because they can control how much money is printed. Most modern paper currencies, such as the U.S. dollar, are fiat currencies. One danger of fiat money is that governments can print too much of it, resulting in hyperinflation....