Rollingnaira

Key messages Improved competitiveness, in part through the real effective exchange rate, can transform the structure of a country’s domestic production. An overvalued naira is functioning as an export tax and challenging Nigeria’s economic transformation and diversification away from the oil sector. Learning from Indonesia and other countries, devaluations can be an effective currency intervention to allow diversification for economic transformation. Competitiveness as a precursor to transformation Economic transformation often denotes a move away from low-productivity to high-productivity growth. Promoting economic transformation in the aftermath of shocks is one strategy for developing economies to build resilience to further shocks. This is particularly true for resource dependent economies, given that they are more vulnerable to shocks. Many of these countries are still managing the fallout from multiple economic shocks, including the continued effects of ...

The growing consumer attraction to going green is producing businesses that focus on green services, such as a battery recycling business. Since Americans alone use millions of electronics each year that require batteries, millions of batteries wind up in landfills around the country. The acid in these batteries and the materials that compose them are not biodegradable, and can contaminate the soil and other areas of the environment. When you start a battery recycling business, you are not only starting a business that can make you money, but one which may also help to make the world a better place to live. Essence of Recycling Recycling batteries prevents hazardous materials from finding their way into landfills and polluting the environment. Batteries commonly contain materials that are harmful or even fatal when ingested. Batteries can either be refurbished for reuse or processed to extract their components as raw materials for use in manufacture of other products. ...

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5 Reasons You Should Ask Your Clients for a Performance Review Annual performance reviews can promote continuous improvement and help protect relationships against competitive threats. Image credit: Shutterstock Phil Greenough Guest Writer Performance reviews are a widely-used tool for running successful businesses of any size. While the most effective managers provide ongoing feedback and coaching, annual performance reviews also offer a valuable opportunity: to take a holistic look at each employee’s performance over the past year, compare it against expectations, recognize areas of success and identify, discuss and plan for opportunities to improve. It also allows both the manager and employee to track performance trends over time. Similarly, client service-focused businesses can benefit from asking clients for annual performance reviews that rate th...