Recession has thrown up crazy results in the poorest nations of the world; they’ve become richer!
Liberia, the second poorest nation, saw its GDP grow from $0.53 billion in 2005 to $0.87 billion in 2008 (9.4% growth in 2007, 7.1% in 2008), with per capita GNI increasing from $250 in 2005 to $300 in 2008. Much credit goes to Liberian President Ellen Johnson Sirleaf, who held innumerable meetings with UN, IMF and even US officials on how to mitigate the impact of the financial crisis. And this despite FDI and aid contracting heavily.
Burundi is the next poorest nation in the world. The landlocked economy is primarily dominated by agriculture, dependent purely on international aid, a factor which in fact dramatically fell in the years leading to the recession – aid aggregated $1.247 billion in 1997, $1.2 billion in 2003 and fell to a tiny $181 million in 2005. Yet, Burundi’s GDP grew from $0.71 billion in 2000, to $0.8 billion in 2005, to $1.16 billion in 2008 (63% since 2000; an average of 4% growth over the last two years). Per capita GNI grew from $310 to $380 from 2000 to 2008.
The paradox of cash flows in a so-called flat world continues to surprise us; and we hope the Friedmans too.
Liberia, the second poorest nation, saw its GDP grow from $0.53 billion in 2005 to $0.87 billion in 2008 (9.4% growth in 2007, 7.1% in 2008), with per capita GNI increasing from $250 in 2005 to $300 in 2008. Much credit goes to Liberian President Ellen Johnson Sirleaf, who held innumerable meetings with UN, IMF and even US officials on how to mitigate the impact of the financial crisis. And this despite FDI and aid contracting heavily.
Burundi is the next poorest nation in the world. The landlocked economy is primarily dominated by agriculture, dependent purely on international aid, a factor which in fact dramatically fell in the years leading to the recession – aid aggregated $1.247 billion in 1997, $1.2 billion in 2003 and fell to a tiny $181 million in 2005. Yet, Burundi’s GDP grew from $0.71 billion in 2000, to $0.8 billion in 2005, to $1.16 billion in 2008 (63% since 2000; an average of 4% growth over the last two years). Per capita GNI grew from $310 to $380 from 2000 to 2008.
The paradox of cash flows in a so-called flat world continues to surprise us; and we hope the Friedmans too.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
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IIPM – FLP (Flexi Learning Program)
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)
