Just like life whose continuity and replenishment is inter-twined with endogenous and exogenous pressures (Museveni’s philosophy), most of the 3rd world countries rhyme with this school of thought economically. Close to 3-years now, all countries have had a spike from the ruthless credit crunch cane either; 1) directly and imminent, or indirectly and pro-longed.BUT: Just like the story in the bible about Noah’s ark and the storm, two countries have had their doves return with an olive branch, Germany and France are out of the global economic recession and are now experiencing minimal economic growth, though not sufficient and doesn’t paint a more global economic portrait, at least it gives us hope that YES WE CAN.
Fact-file (GERMANY)Germany has a developed social market economy ranked as the world's fourth largest economy in USD exchange-rate terms, and the largest economy in Europe. The German economy is heavily export-oriented; as of 2008[update], Germany is the world's leading exporter of merchandise, and exports account for more than one-third of national output. As a result, exports traditionally have been a key element in German macroeconomic expansion. Germany is a strong advocate of closer European economic and political integration, and its economic and commercial policies are increasingly determined by agreements among European Union (EU) members and EU single market legislation. Germany uses the common European currency, the euro, and its monetary policy is set by the European Central Bank in Frankfurt, Germany.FRANCE:A member of the G8 group of leading industrialized countries, it is ranked as the 5th largest economy by nominal GDP. France joined 11 other EU members to launch the euro on 1 January 1999, with euro coins and banknotes completely replacing the French franc (₣) in early 2002. France's economy combines extensive private enterprise (nearly 2.5 million companies registered) with substantial (though declining) government intervention.
Magyezi
www.magyezi.blogspot.com
BIZ-sense central
Fact-file (GERMANY)Germany has a developed social market economy ranked as the world's fourth largest economy in USD exchange-rate terms, and the largest economy in Europe. The German economy is heavily export-oriented; as of 2008[update], Germany is the world's leading exporter of merchandise, and exports account for more than one-third of national output. As a result, exports traditionally have been a key element in German macroeconomic expansion. Germany is a strong advocate of closer European economic and political integration, and its economic and commercial policies are increasingly determined by agreements among European Union (EU) members and EU single market legislation. Germany uses the common European currency, the euro, and its monetary policy is set by the European Central Bank in Frankfurt, Germany.FRANCE:A member of the G8 group of leading industrialized countries, it is ranked as the 5th largest economy by nominal GDP. France joined 11 other EU members to launch the euro on 1 January 1999, with euro coins and banknotes completely replacing the French franc (₣) in early 2002. France's economy combines extensive private enterprise (nearly 2.5 million companies registered) with substantial (though declining) government intervention.
Magyezi
www.magyezi.blogspot.com
BIZ-sense central
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