"Bob is gone." At the end of November 2017, under intense pressure, Robert Mugabe stepped down as president of Zimbabwe - a position the controversial leader had held for 30 years. Global response to the news was cautiously optimistic. Even within the country, celebration was muted. With the...
Fixing Zimbabwe: What Residents Have to Say; A majority think a change in leadership is necessary to heal the economy.(Survey)Rheault, Magali
From2007 until 2009, Zimbabwe's inflation/price level went up by80 billion percentin only one month. Citizens then stopped using local currency, instead turning to barter when they could, and the economy came to a screeching halt. This is known as hyperinflation and it takes drastic and di...
Great Zimbabwe was an ancient capital city of an African trading empire known as the Kingdom of Zimbabwe. The city was built around approximately 1100 BCE and flourished through the fifteenth century. It was an important center of African trade along the east coast of Africa....
No economy can continue to function when the vast middle class and everybody else don't have enough purchasing power to buy what the economy is capable of producing without going deeper and deeper into debt. —Robert Reich 67 I was going to buy a copy of "The Power of Positive Thinking"...
criticism suggesting that such a proposal amounts to “printing money” and thereby destroying the value of the currency. Some probably will even argue that this would put the US on the road to a fate much like Zimbabwe’s (for a good analysis of what’s actually happening in Zimbabwe, ...
So how does the dollar maintain a consistent value? Proponents of Bitcoin like to point out that the dollar has an unfair advantage: The size of its economy. If the dollar is to change value, truly massive amounts of wealth have to move around in order for a one-dollar fraction of it...
Second, BlackBerry was blindsided by the emergence of the app economy, which drove the massive adoption of iPhone and Android-based devices. Third, BlackBerry failed to realize that smartphones would evolve beyond mere communication devices to become full-fledged mobile entertainment hubs. “Black...
The turbulent history of the Zimbabwe currency is aligned with the nation's deeply troubled economy. Once a major agricultural center of the region, Zimbabwe and its financial health experienced significant challenges that had severe effects on the country’s economy. For most of the past two deca...
Fiat money serves as a good currency if it can handle the roles that a nation's economy requires of its monetary unit: storing value, providing a numerical account, and facilitating exchange. It also has excellentseigniorage. It's more cost-efficient to produce than a currency that's directly...