We have been in the midst of a fundamental and historic shift of how the economies around the world develop. With the collapse of communism, the centralized and state control model of the economy has also collapsed some time ago. Other socialist State models, i.e., Sweden, UK before Margaret Thatcher, have also collapsed. What we have now, however, imperfect it maybe, is the model of the regulated (?) “Free Market.”
Over the years, Russia and Zimbabwe have maintained strong cordial relations in all significant spheres and the prospects of broadening cooperation are very bright. Right now, Russia is stepping up economic investment in Zimbabwe. Russia-Zimbabwe economic partnership will blossom in coming years as the groundwork for this new chapter in their economic diplomacy was laid when Zimbabwean President Robert Mugabe met President Vladimir Putin in Moscow in May 2015.
Today many countries suffer from high and rising inequality with many citizens unable to fully benefit from economic progress. Of course this is a major concern for governments around the world, but business also has an important role to play in addressing these challenges. A new report provides an important tool for our discussions on how businesses can support a growth process that is both inclusive and sustainable.
Nigeria is considered the economic powerhouse in the West Africa region. As it is popular known, Nigeria is one of Africa's fastest growing economies and boosts the largest population. After the change over of the presidency in May 2015, from Goodluck Jonathan to Muhammadu Buhari, the Nigerian diplomatic mission said it was ready to take practical steps to bolster economic and strategic ties with Russia.
Conventional wisdom dictates that money should be deposited in a bank rather than under a mattress. Aside from the security motives, the bank typically pays an interest, even if minimal, to depositors. This is all the more reason to store your money at a bank rather than your house. But this classic adage appears to be no longer applicable as the world enters another recession, which is poised to be worse than the 2008 economic crash.