Word: decisional
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While labor prices drop in the U.S., they are probably dropping faster in countries like India and China. India's official unemployment rate is 8.2%, but is expected to rise throughout the balance of the year. IBM clearly arbitraged the joblessness in the U.S. and India as it made its...
Seated on a wooden chair inside his dilapidated shack in the Harare township of Mbare, primary school teacher Moses Majuru, 40, is both anxious and excited about the week ahead. Life has become a bit easier recently thanks to the Zimbabwean government's decision on Jan. 29 to abandon the...
The decision to "dollarize" Zimbabwe's economy, one of the first acts of the new unity government (including erstwhile enemies President Robert Mugabe and Prime Minister Morgan Tsvangirai), has brought a small amount of stability to the economically ruined country. All civil servants now earn a monthly salary of U.S...
Bequelin and others say the Communist Party's profound fear of the impact of the world economic crisis on China's already fragile social stability has strengthened party hardliners. They argue that the lack of international response to Beijing's suppression of political dissent before and during the Olympic Games...
Which makes the European Union's March 20 decision to include Belarus in its "Eastern Partnership" initiative all the more surprising. The program foresees deeper political and economic ties between Brussels and six former Soviet states: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. Closer ties, Europe hopes, will promote democracy...