In the world of economics, debt plays a pivotal role in shaping the development trajectory of nations. However, not all debts are created equal. A glaring contrast exists between the debt burdens of developed nations like the United States and those of the Global South. This contrast not only reflects economic inequality but also serves as a significant factor contributing to underdevelopment in many regions. In this article, we delve into the disparities between the United States' debt and that of the Global South, exploring why it perpetuates underdevelopment and the role of international financial institutions like the World Bank and the International Monetary Fund (IMF) in perpetuating this cycle. The United States Debt: A Different League The United States boasts one of the highest national debt levels globally, currently exceeding USD 28 trillion [1]. However, the nature and implications of this debt significantly differ from those faced by countries in the Global South. Th
Rwanda's Wholesale and Retail Trade sector stands as a pillar of economic activity, employing a substantial portion of the nation's working-age population. This article delves into the intricacies of the sector's workforce, offering insights gleaned from the 2022 report by the Rwanda Development Board (RDB). Join us as we explore key facets such as employment distribution, educational backgrounds, gender dynamics, enterprise statuses, and the future outlook within this vital sector. Workforce Composition: A Snapshot of Diversity In 2022, the Wholesale and Retail Trade sector boasted a workforce of 372,408 individuals, with a balanced gender representation. The sector's youthfulness is evident, with the average working age pegged at 36 years. This demographic trend highlights the sector's appeal to the younger workforce. Source: overview of the wholesale and retail trade; repair of motor vehicles and motorcycles Sector- 2022 published by RDB. Educationa