Nigeria: The African Giant Beckons
Classified as an emerging market, the economy of Nigeria is one of the fastest growing in the world with the International Monetary Fund projecting a real GDP growth of 9% in 2008 and 8.3% in 2009.
According to a published report by the Economist Intelligence Unit, Nigerian GDP at purchasing power parity has increased from $170.7 billion in 2005 to 257.0 billion in 2007. The GDP per head has jumped from $692 per person in 2006 to $1,793 per person in 2007.
Australia: Western-style capitalist economy
With its embraced multiculturalism, Australia is one of the most laissez-faire capitalist economies, according to indices of economic freedom. The country is ranked 4th in Index of Economic Freedom 2008, moving from 9th position in the previous year. More than 20 per cent of Australians are foreign-born and more than 40 per cent are of mixed cultural origin.
Australia offers an appealing and profitable market for foreign companies and there is a favourable climate for business. There are very limited barriers to entry, a friendly legal and corporate framework as well as a straightforward business culture.
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