Picture to follow when it arrives. It was $5.95. If the seller were the Zimbabwean government (it’s not), I’d think that it was a revenue-raising gimmick, the way that so many small countries produce stamps for collectors.
Blog
Category: Emerging Markets
Hyperinflation, Syria style
We’re nearing the fifth anniversary of the financial crisis. Over the past five years, so many people in the United States have been arguing about inflation even though we have (probably) been in a state of deflation. And, the arguments about inflation have started from the point that all inflation is bad. A little inflation… [Read More]
Chad: “A Screaming Man”
Chad is a poor country, with about 11 million people who have a per-capita GDP of about $2000. It received independence from Algeria in 1960 and has suffered almost constant civil war as well as invasions (from Libya and Sudan. It’s one of those stereotypical “basket case” countries that investors think of when they write off… [Read More]
McKinsey has an interesting report on China
If you’re interested. It’s a report on the next stages for the country’s growth.
Niger: Nomads of Niger
Niger’s up for exploration this week. It has a population of 17 million people, and it skews young: the median age is 15, no surprise given that the country has the highest birthrate in the world. The per capita GDP of $800 is among the lowest in the world. This isn’t a country that is… [Read More]
