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Bear Stearn

In: Business and Management

Submitted By lbpatriots14
Words 274
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Research Assignment 2
Richest Continent in the World?
FORMAL INSTITUTIONS: Political, Legal, and Economic
1. In Ghana in 2008, the political environment seemed relatively stable with adequate protections for foreign investors, until elections in 2009 when the party in congress changed. 2. But, due to official wasteful government spending and corruption, foreigners find their influences and beliefs are repudiated.
3. Mr. Kagame’s economic goal for Rwanda is: spurring private investment.
4. The Rwandan government places no limit on foreign ownership and is growing at
8.8% a year.
5. What is happening in Nigeria that is impeding economic stability? Rising Nigeria's Violence Imperils Stability. Religious and economic grievances are coalescing into a dangerous mix that threatens the country's stability—and reflects other African security challenges. A political body representing Nigeria's Kano-based Igbo people, mostly Christians from the country's south, asked governors in the group's heartland to provide transportation for as many as three million people seeking to flee the mainly Muslim north.
6. China’s direct investment in Africa rose 87% to $1.1 billion during first ¾ of 2011.
INFORMAL INSTITUTIONS: culture, norms, ethics
7. Mr. Shah visited the US and studied Kmart, then using the same business model and cultural values, built the top Supermarket Chain in East Africa.
8. Regional economic growth in Africa is being fueled by young, African banks, but hindered by Weak infrastructure.
9. The pictures of middle class African teenagers show they value: 1) Family and 2) Friendship.
10. The Chinese waitress in Nigeria shows the cultural norms of that country when she makes fun of patrons who do not for not drinking or eating enough.

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