Eritrea is a tiny, poor country, ranked 222 out of 229 on GDP per capita. History has not served it well. It was an Italian colony, a British colony, and the site of a U.S. military communications station; it was a UN administered region, annexed by Ethiopia, and winner of a civil war to establish… [Read More]
Blog
Category: Emerging Markets
So I bought a Zimbabwean 100 trillion note on eBay
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.
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.
