Hello Africa

  Income Per Capita and Unemployment According to the World Bank, in 2021, countries with per capita incomes of $1,025 or less were classified as “low income developing countries” and this category of countries had the least levels of economic growth advances. In comparison to other macroeconomic indicators, per capita income is used to evaluate the general health of the economy. In its report, World Bank (2021) stated that 9 out of 10 countries with the highest per capita incomes are in the Advanced Countries. Luxembourg has the highest per capita income, while Burundi has the least. The most dynamic relationship between GDP per capita and unemployment rate is contained in Okun’s law in economics. This law asserted that a country’s GDP must grow at about 4% per annum for a 1% reduction in the level of unemployment. Unemployment has devastating effects on the individual, society, and the economy. Unemployment creates challenges that include the inability to find future jobs, decrea...

  Peter the Great of Russia (1672 – 1725) Peter the Great of Russia was a great master of “walking the talk” and established how effective this management style could be. His success as a pace-setting leader stems from a sincere belief in what he was doing and from the practical skills he had developed. Peter the Great was an autocratic ruler. Unlike his predecessors, he was captivated by the democracies, way of life, science, and emergent industries of Western Europe. Peter the Great is considered one of the most effective transformational leaders in Russian history.  Peter demonstrated behaviors and competencies consistent with effective leadership in modern life, while his darker side was characterized by an unpredictable leader enforced through humiliation and horror. He was also a bit of a purist, turning him into a tyrant. In present-day workplaces, the dominant leadership style is autocratic. However, this is what businesses entail, people naturally tend to follow stron...