Privatizing Africa: A Way In To A Complex Economy?

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Privatizing-AfricaSUB-SAHARAN AFRICA offers some tantalising prospects for businesses seeking to boost the high risk/high reward elements of their investment portfolios. But concerns over accountability and governance, as well as headline political and economic risks, mean that much of the world’s poorest continent will remain a niche market dominated by a few specialists, and will be heavily dependent on aid finance and officially guaranteed instruments to mitigate risks.

There are good news stories in the vast continent north of the Limpopo and south of the Sahara. Troubled economies from Cote d’Ivoire to Tanzania are being noticed by investors. In East Africa’s biggest (and arguably most troubled) economy, Kenya Commercial Bank (KCB) has reported its first full-year profits since 1998, helped by increased non-interest income and lower provisions for bad debts; after restructuring, Barclays Bank of Kenya reported a 40% increase in …

The Best Source of Snoring Information

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Source-of-SnoringWhen buying something most people like to review the product. They speak with their friends and family to see who has used it and what their experience was like. Depending on the product a lot of people will also go online to find the answers they are looking for. When it comes to snoring mouthpieces there is one place that many can go to find the reviews that they can trust, without a doubt.

If you or someone you know snores you know that it’s not something that’s easily surmountable. People snore for a variety of reasons, but the most common ones are:

  • Heavy alcohol or drug consumption before sleeping
  • Overweight
  • Stress
  • Excessive Smoking
  • Use of over the counter sleep medication

When you sleep, the muscles in your face and throat relax. For many people, the snoring sound that we are all familiar with is caused by the tongue relaxing and falling to the back of the throat, cutting off the air supply. There are several different ways to combat this issue by implementing a few lifestyle changes. If possible, cut back on the smoking and drinking before bed. If you are overweight, you may want to look at your diet and possibly implement an exercise plan. Those who are stressed should be creating self-care plans to help reduce the load. And those who are using medication just to even get a good sleep may benefit from any of the above changes as those may be the reasons you aren’t sleeping in the first place.

There are many different types of anti-snoring mouthpieces available on the market. There are those that go completely in your mouth, the most common ones, and work to either push your jaw forward to open the airway or hold your tongue in place to keep it from falling to the back of your throat. Some of them even do both.

If you’re looking for a single location to read reviews on the pieces that are available you should be sure to look at The author diligently reviews hundreds of different brands and styles of anti-snoring mouthpieces to give the reader honest reviews. They are not Read the rest of this entry

Seven Things Globalisation Lovers Talk About

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Globalisation2* All industrialised countries should extend duty-free and quota-free access not just to least-developed countries, but to all low-income countries.

* Industrialised countries should agree to an accelerated phase out of the Multi-Fibre Agreement, and to cuts in tariffs on textiles and garments.

* Farm subsidies should be restructured to reduce over-production and support less intensive agriculture, with an immediate ban on exports of agricultural goods at prices below costs of production.

* The public health safeguards in the TRIPS agreement should be strengthened and the wider agreement reformed to allow developing countries scope for importing, copying and adapting new technologies.

* There should be no compulsion on developing countries to enter liberalisation negotiations in areas such as services, investment, procurement, and competition policy.

* The IMF and the World Bank should remove trade liberalisation from its loan conditions.…

Is Globalisation What It’s Cracked Up To Be?

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GlobalisationWhat does the Doha trade round need to do to deserve to be called a development round, asks Barbara Stocking?

International trade generates extreme views. Globalisation enthusiasts ignore the role of trade in reinforcing global inequalities. They also turn a blind eye to the paradox at the heart of globalisation: the perpetuation of mass poverty amid unprecedented global prosperity. For their part, trade pessimists ignore the enormous potential that trade has to reduce poverty. They also overlook a simple fact: namely, we have the power to change trade relations between countries. Stated bluntly, trade is not inherently anti-poor, but the rules and institutions that manage the global trading system are.

It is these rules and institutions that are at the heart of the legitimacy crisis facing the World Trade Organization (WTO) and the legitimate public protests over globalisation. Last November, …

South America: Continual Crisis Brings A Chuckle

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munish-massacarFor once in my life I may be ahead of a trend here. Brazil’s dry, sub-tropical winter climate is almost perfect in August, during which crowds and heat make most of Europe uninhabitable. The football writers, the only people who have previously visited the country, have always raved about Rio: the long beaches of golden sand, the bustling nightlife, the views from the mountains that ring the city are every bit as stunning as promised. But within a few hours’ flying time of Rio, you can also visit, as my wife and I did, the Pantanal, one of the last true wildernesses on earth; Parati, a Portuguese colonial town almost unchanged from the 18th century (except that I doubt the horses roaming its cobbled streets then wore nappies); and the astonishingly beautiful, 3km-long Iguacu Falls, which, according to legend, caused …

Talking Iraq And Its Big Problems

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iraq-problemsIRAQ, IRAQ, IRAQ! That’s all you heard about when the World Economic Forum began this year in Davos, the quaint Swiss skiing village that hosts 2,000 world leaders each year. The only thing worse than hearing this banter was being an American and having to listen to speaker after speaker tell us how miserable we are.

Fortunately, U.S. Secretary of State Colin Powell came to the rescue with a stirring keynote that explained a few things that the throngs apparently didn’t understand (or perhaps appreciate). “This is not about inspectors finding smoking guns. It is about Iraq’s failure to tell the inspectors where to find its weapons of mass destruction,” said Mr. Powell, as he laid out America’s case for war. “It is our hope, however–it is our will–that we can do this peacefully. It is our hope that Iraq …

More Changes In Japan

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industry-in-JapanLong sustained very high growth meant very high levels of capacity increases to build critical market share, this high growth financed as it must be by low-cost debt, borrowed from supportive banks. With fund availability greatly increased by a tripling of the value of the yen followed by a massive increase in asset values in the ’80s, companies were able to engage in extensive diversification. Too much capacity; too many competitors in almost all industries; too much diversification; all this too dependent on borrowings–the elements for a wrenching and long period of deflation and restructuring were in place. The end to the bubble of the late ’80s provided the occasion and the tow growth of the economy from 1992 is the evidence.

Industry Reorganization and Company Restructuring

To deal with over-capacity and excessive diversification, much of industry can be seen …

Axis Losers: Comparing Germany And Japan

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Axis-LosersDespite suffering defeat in World War II, both Germany and Japan achieved postwar economic growth described as miraculous. Yet both nations now grapple with longstanding economic stagnation.

The bubble that had levitated the Japanese economy through the latter 1980s began deflating in 1991, with the ensuing economic stagnation dragging on now for over a decade. Since 1991, annual economic growth in Japan has limped along at just 1% year-over-year in real terms. In recent years, moreover, the nominal growth rate has been negative as the nation remains caught in a vortex of deflation.

Stressing that there can be no growth without reform and describing itself as the government “determined to push through reforms,” the administration of Koizumi Junichiro took office in April of 2001. Still, while talk of reform has been plentiful, not much progress has been made in actually …

Japan: The Chubu Rocks!

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rocksThe greatest corporate factor that supports the steady Chubu economy in Japan is the pyramid-shaped industrial accumulation centered on Toyota Motor Corporation, which recorded consolidated ordinary profit of almost 1,500 billion yen in the March 2003 term, its third consecutive year of record profits for a Japanese company. Toyota has concentrated 12 of its 15 main domestic plants in Toyota City and neighboring regions in Aichiken. Moreover, there is a broad range of subcontractor groups in the area. Among these are nine major keiretsu parts manufacturers including Denso Corporation, Aisin Seiki Co. and Toyota Industries Corporation, in addition to the Kyohokai group formed by about 200 parts suppliers with strong business relations.

Keiretsu has been criticized by overseas business as a factor for non-tariff barriers. Recently, Japanese business operators have also seen it as a factor underpinning Japan’s rigid and …