The aid community has undergone sweeping changes since the 1960s when the number of donors per recipient country averaged at 12. Today this figure is 33 and the number of organizations exceeds 230.
East Asia and Pacific
The world's third largest computer producer will release a $199 PC to rural China. In the countryside, where nearly 800 million people live, incomes average at $560 a year and have been growing at an annual rate of 10 percent.
Over 800 Chinese companies operate in 49 African countries. They bring capital but many bring also labor. The Economist ponders the impact the importation of Chinese workers may have on development in Africa.
Contemporary mainstream Islamic finance has expended considerable effort in developing Shariah-compliant products and services for deposit mobilization, finance, remittance, […]. These products with minor modifications if required, can be used for microfinance as well.
Zonbu is a new $99 Linux-based computer with a monthly subscription fee. Interesting about it is the absence of a disk drive and a fan inside. The result is a 15-watt PC, rather than standard 200-watt, and up to $10 in energy savings per month.
Despite their efforts, two out of three SMEs fail to turn meetings with potential clients into real business – says a new UK survey. The majority of the 200 SMEs questioned admitted spending less than a day in preparation for a pitch meeting.
Two solutions come to mind: doing more legwork or finding more leads.
Dani Rodrik compares the relationship between currency undervaluation and growth of economies in Asia and Africa:
In Asia, growth is typically engineered by increasing the profitability in manufacturing and other tradables. But in Africa the typical growth spurt is preceded by aid inflows and other transfers, which appreciate the exchange rate, and render future growth less sustainable. This is the so-called Dutch disease.