Tag: International economics
How Do You Say Global Business Success? In English, Says New Research From Rotman School
English continues to reign supreme in international business, and it’s not just because some of the biggest economies speak it. A new study from the University of Toronto’s Rotman School of Management shows countries that have English as at least one of their official languages, or whose main languages are linguistically close to English have higher rates of investment in other countries. Countries with high rates of English proficiency also do well.
International Monetary Fund Concerned About Slowdown in Senegal’s Economy
After a slight economic recovery in 2010, Senegal recorded in 2011, a slowdown in its economic activity due to the perennial power cuts, the International Monetary Fund (IMF) said here on Wednesday, at the end of its fact-finding mission, which was in the country from 5 to 19 October.
Multilateral Investment Guarantee Agency Supports Geothermal Power Project in Kenya
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group, announced, on Tuesday in a statement issued in Nairobi, that it is continuing to support a geothermal power project that is providing clean, renewable energy in Kenya—a country facing ongoing energy shortages.
Liberian Ministry of Commerce And Industry in Collaboration with the International Trade Centre Launches 5 Year Export Strategy
The Liberian ministry of Commerce and Industry in collaboration with the International Trade Centre (ITC) has launched a five-year National Export Strategy (NES) aimed at creating direct links to Liberian commodities like cocoa, coffee, cassava, timber and rubber to potential buyers worldwide through the ITC trade programs.
Nigerian Traders Complain of Restriction on Free Movement in the Economic Community of West African States
About 32 years after the ratification of the Free Movement Protocol by the Economic Community of West African States (ECOWAS), it had yet to be fully implemented as ECOWAS citizens have continued to experience exploitations, harassment and humiliation at different borders, complained the National Association of Nigerian Traders (NANTS).
European Union Imposes Anti-subsidy Tariffs Against Imports From China
In a 15 month investigation, the European Union (EU) found that that the Chinese government was significantly subsidizing its coated fine paper industry by giving cheap loans, allocating land below market value and granting various tax incentives which are illegal practices under World Trade Organisation(WTO) rules.
Expert Says South Africa Must Improve Labor Industries to Stem Unemployment
South Africa must use its unemployed to its advantage and develop labor intensive industries, the World Bank’s chief economist said on Thursday. “South Africa is a labor abundant country. You have so many new young people coming into the job market,” Justin Yifu Lin said during a lecture at the University of Johannesburg’s Soweto campus.
EU And Serbia Sign Bilateral World Trade Organisation Accession Agreement
The European Union (EU) and Serbia have signed a bilateral agreement on Serbia’s accession to the World Trade Organisation (WTO). The agreement was signed by Mladjan Dinkic, Deputy Prime Minister and Minister of Economy and Regional Development of Serbia, and the European Commissioner for Trade Karel De Gucht.
Economy in Rwanda Registered 6.5% Growth in 2010
Rwanda’s economy registered an expansion growth of 6.5 percent this year, according to the Finance Minister John Rwangombwa and Governor of the National Bank of Rwanda, Francois Kanimba.
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