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In Defense of Wealth Creators: Why Globalization, Outsourcing – And Rich People – Are a Good Thing for Developed and Emerging Economies
International trade breaks down borders and provides societal and economic advancements in countries around the world. But as Derek Bullen at S.i. Systems points out, despite these benefits, there's a widespread perception that the businesses and individuals that drive this globalized, free market system only bring wealth to themselves. He argues that criticisms of globalization – and the outsourcing and wealth concentration it involves – are fundamentally flawed, and explains how wealthy individuals and their businesses benefit both affluent and emerging economies.
- Categories
- Entrepreneurship
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$210 Million For Special Agro-Industrial Processing Zones-Nigeria
A $210 million loan approved by the African Development Bank’s Board of Directors on Monday could impact the lives of millions of people in Africa’s most populous country.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Releaf Secures $4.2 Million in Seed Funding and Grants to Drive Industrialisation of Food Processing in Africa
Releaf, an agtech start-up that develops proprietary hardware and software solutions has made African farmers and food factories more efficient and profitable.
- Categories
- Entrepreneurship, Technology
- Region
- Sub-Saharan Africa
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Press Release: Developing Countries Could Lose Out as Automation Competes With Low-Cost Labour
The COVID-19 pandemic will accelerate the rise of industrial automation and enable manufacturers in developed countries to compete with low-cost labour in the developing world; multinational corporations are already considering repatriating some manufacturing production as a result of the unprecedented disruption the pandemic has caused to global value chains; developing countries must respond by developing local industrial capabilities with new technologies and skills that will allow them to become more integrated into world trade.
- Categories
- Coronavirus, Technology
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Viewpoint: Financial Inclusion Will Be Vital in a Post-Pandemic World
The world will never be the same as Covid-19 has created a springboard for the fourth industrial revolution
- Categories
- Coronavirus, Education, Finance
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Leapfrogging is overrated, says a Harvard development professor
Juma points out that no advanced economy got where it is today by cutting corners and sidestepping (that is, leapfrogging) industrialization.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Africa’s Future Lies in Entrepreneurship, Industrialization
The 2017 African Economic Outlook report, released during the African Development Bank (AfDB) annual meetings, in Ahmadabad, India, predicts an uptick of growth in 2017, after a tough 2016 and Africans should push for accelerated development by harnessing local resources to boost entrepreneurship and drive its industrialization.
- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
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