economic development

Ethiopian Ambassadors and heads of Mission from all Ethiopian missions abroad and Director Generals at the head office of the Ministry of Foreign Affairs today (April 1st) began a five-day meeting in Addis Ababa.

As a new nation created in this magnificent techno-age of the 21st century, the Republic of South Sudan is faced with numerous challenges. One such challenge is the need to anchor the nation on a firm economic platform so as to advance the livelihoods of the populace.

For nearly two hundred years the measure of a nation’s progress has been its capacity to Westernize. Today, to a great extent, China has shifted this narrative.

In the last three decades, China has lifted over 500 million of its people out of poverty according to the World Bank. The scale and speed of China’s growth are unprecedented. The world has never seen anything like the rise of China according to Martin Jacques, author of bestseller ‘When China Rules the World: the End of the Western World and the Birth of a New Global Order.’

Investing in North Korea is becoming a hot topic among Chinese businessmen. Over the last few weeks, a series of business events and investment conferences about North Korea have been held. Chen Jiangfeng, a real-estate developer from Beijing was one of the 150 plus entrepreneurs who attended the investment projects fair held at the GBD Public Diplomacy & Culture Exchange Center at the end of September.

Australia’s federal and state governments, and its universities, have the most crucial role to play in ensuring that the nation’s engagement with India is genuine. I am not discounting the importance of the economic/trade motivation that underlies a large portion of our current efforts, but this needs to be accompanied by cultural openness.

May 7, 2012

Although democracy retains its allure, the Arab uprisings that began last year were about democracy primarily as simply a means to an end.

The real goal of those who took to the streets was to grasp a better future for themselves and their families. Having a job, getting enough to eat, being assured that children could receive decent education and medical care – these constitute the substance of everyday life that so many in the Arab world had long been denied and were determined to claim.

What the report does highlight, however, is the need for SA to change some perceptions of our investment and economic climate.
SA remains a globally competitive economy and our best practices – in banking, stock market regulation and auditing and reporting in particular – have drawn favourable ratings from other world bodies.

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