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North Korea would be an economic basket case if only it could afford the basket. It was once the industrial engine of the Korean peninsula, but decades of disastrous central planning have left its infrastructure in a state of advanced decrepitude and its citizens in de facto peonage. The U.S...
A few other pioneers are already there. Orascom, an Egyptian conglomerate, recently signed a $115 million deal to buy a stake in a North Korean cement company. And later this month, a British firm will begin offering subscriptions for the first ever D.P.R.K.-focused investment fund. Colin McAskill, director of...
Last week, however, Mbeki's troubles escalated into what the Congress of South African Trade Unions (COSATU), a key ANC ally that has officially endorsed Zuma, calls a "major constitutional crisis." On Sept. 23, Mbeki suspended the head of the National Prosecuting Authority (NPA), Vusi Pikoli, who also oversees an...
TIME: How are you going to create this prosperity? Kagame: The most important resource of Rwanda is the people of Rwanda. That's true in any country, but more so in Rwanda because of the lack of other resources. That's why we want to invest in healthcare systems and...
TIME: Let's start with an example of a corporate citizenship program that works well. Pollitt: One we found very impressive was a project run by the large mining company Anglo American in South Africa. They set up a venture-capital fund for local black entrepreneurs who were setting up...