In spite of having the region’s second largest natural gas reserves after Venezuela, Bolivia is among Latin America’s poorest nations with a GDP per capita of $1,192 in 2009. In fact GDP per capita is less than one quarter of the regional average $4,780 (measured in constant 2000 prices).
Nationalisation of
US states provide unemployment insurance (UI) benefits to involuntarily unemployed workers. UI benefits typically replace 35 per cent to 40 per cent of a worker’s weekly income. Normally, states provide UI benefits for up to 26 weeks. Workers in states with high unemployment rates may collect extended benefits for an
Business Days’ Cape editor, Dave Marrs reports in his piece “Finding fairer ways to insure against risk” (Mar. 8 ,2011) that the European Union court has ruled that insurers and pension funds may not discriminate on the basis of sex. Mr. Marrs then asserts that such legislation is unlikely to
Much has been made of the increase in US exports last year and the jobs exports create. Export growth is a good thing. However, the impact of exports on jobs and gross domestic product (GDP) must be considered in conjunction with the accompanying increase in imports. In both the year
Despite the relatively stagnant levels of foreign direct investment around the world in 2010, the small African country of Mauritius recently announced that it expects an 8% increase in FDI this year. By liberalising its economy while also focusing on improving the quality of its institutions, Mauritius has created
