The economy is nothing else than a system of social relations. If productivity undermines those relations, the economy itself crumbles, even when profits (at least for someone) may go up.
The most expensive path of sending money was from South Africa to Zambia, Malawi, Botswana and Mozambique. The high charges are a result of anti-money laundering regulations, but also excessive market concentration of banks
Sovereign debt is being watched carefully across Africa as a prolonged commodity markets slump and a stronger dollar makes it more difficult for governments to keep up with their repayments.
WEF says African businesses can become far more competitive, but governments will need to improve access to finance, resist pressure to erect trade barriers, upgrade infrastructure, improve health and strength institutions
The world may not be flat for everyone, everywhere, but there’s no turning back the clock on globalisation. The index measure countries on their economic, personal, technological, and political integration.
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