The informal economy is everywhere, from street food vendors, cell phone dealers, mini markets, to Facebook-based stores; the dynamism that informality brings to the world economy is undeniably on the rise. According to the World Bank, informal economies generate up to 40% of Gross National Product (GNP) in the developing world. However, despite its significance, … Continue reading
The BPO industry (Business-Process Outsourcing) has proved to be able to fast-track economic growth for some countries. In times of financial uncertainty, unemployment and recession, the BPO industry has become a breath of fresh air both for national economies, as well as for companies aiming to become more competitive. One of the main branches of the … Continue reading
Venezuela is breaking records…but for all the wrong reasons. Even with the biggest oil reserves in the world, Venezuela’s 63.4% annual inflation rate is the highest in Latin America. To this, we add the fact that the devaluation of its currency is now around 61%, and that the oil prices have dropped to a … Continue reading
Six of the world’s ten fastest growing economies by GDP growth are in Africa. According to the IMF’s World Economic Outlook for 2014, sub Saharan Africa is the second fastest growing region in the world. Africa, of course, cannot be regarded as a homogeneous entity. With its 54 countries, the continent’s issues can’t be addressed … Continue reading
