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Most of this intra-Africa trade originates from South Africa and most of the trade exports coming out of South Africa goes to abutting countries in Southern Africa. [120] There are currently eight regional organizations that assist with economic development in Africa: [121]
Rank Country 2024 score Change from 2023 Change from 2022 Change from 2021 Change from 2020 Change from 2019 Change from 2018 1 Somalia 111.3: 0.6: 0.8: 0.4
In 2018, CORE Econ published Economy, Society, and Public Policy, a free ebook designed to introduce the economics to non-specialists, particularly students from outside economics courses who were taking economics as a minor. Like The Economy 1.0 and 2.0, it focuses on topics such as inequality, power, and environmental economics.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Market size can be given in terms of the number of buyers and sellers in a particular market [61] or in terms of the total exchange of money in the market, generally annually (per year). When given in terms of money, market size is often termed "market value", but in a sense distinct from market value of individual products. For one and the ...
The World Bank expects China to grow by just 0.1–2.3%, the lowest growth rate in decades. [298] On 22 May, Chinese Premier Li Keqiang announced that, for the first time in history, the central government wouldn't set an economic growth target for 2020, with the economy having contracted by 6.8% compared to 2019 and China facing an ...
Harvard Economist Robert Barro created what he dubbed the "Barro Misery Index" (BMI), in 1999. [3] The BMI takes the sum of the inflation and unemployment rates, and adds to that the interest rate, plus (minus) the shortfall (surplus) between the actual and trend rate of GDP growth.
The mass media of Ghana is among the most liberal in Africa, with Ghana ranking as the third-freest in Africa and 30th-most free in the world on the worldwide press freedom index. Chapter 12 of the Constitution of Ghana guarantees freedom of the Ghanaian press and the independence of the mass media, and Chapter 2 prohibits censorship. [ 40 ]