The developing world has its own list of rookies when it comes to their performance in the economic arena. However, unlike their counterparts from many developed nations, the cities of these emerging countries have come from humble beginnings and are expected to defy expectations in the coming future.
Here’s a list of three of the world’s developing cities and what they have to offer in the next couple of years.
- Thimphu, Bhutan
Image source: cntraveller.in
Although the geographic features of this mountainous country make it difficult to build modern infrastructure like pipelines and roads, Bhutan’s economic prowess relies on their focus on clean energy, hydropower. Other sources of the national income come from their progressive industries in forestry and agriculture. According to a 2017 report conducted by the Asian Development Bank, the country’s economy is set to grow by 9.9% this year.
- Accra, Ghana
Image source: tourist-destinations.com
Thanks to its country’s currently stable political and independent legal systems, Ghana’s economic expansion is no longer just a prospect but an inevitable reality. In fact, even after its democratization, its economic performance has dramatically improved and was evident in its 2017 economic reports. Additionally, the country’s cocoa, gold and oil reserves, discovered in 2010, are starting to contribute to an economically competitive future.
- Addis Ababa, Ethiopia
Image source: afktravel.com
While Ethiopia is still considered the one of the world’s least developed nations, the country’s services industry, as well as its active construction sector, is expected to change all that. In fact, one of its greatest achievements in 2011 was reducing its poverty level to 31%. Based on World Bank’s economic forecast, it will transform into a middle-income country come 2025.
It seems like Apple is pushing down-market quite strongly, making its products more accessible through lower pricing. Will this strategy eventually win the tech giant a sizable number of new users? This article from the Business Insider has some interesting ideas on the matter.
A very luxury-focused Apple photo
For years, Apple customers would complain about the “Apple Tax” — the premium over similar products from other companies that you would have to pay for Apple’s design and software.
It was an earned reputation. Apple stuff is premium, and increasingly, it’s sold as a luxury product as well — think of the $20,000 gold Apple Watch.
But Apple’s announcement on Tuesday, in which it revealed a new low-cost iPad and upgraded the least-expensive iPhone, shows that Apple has started to compete on price as well. The tech industry should take note.
If Apple starts using its massive cash pile to undercut its competitors and deflate entire product categories, that’s a big deal.
On Tuesday, Apple dropped the price of a fine, fast, and big iPad to $330 — a price below similar devices from Samsung, Lenovo, and Microsoft. Apple already dominated the high-end tablet market, and just undercut many of its Android competitors.
Apple’s iPhone SE got an upgrade, bumping its default storage up from 16GB to 32GB. It’s not a full refresh, but it shows that Apple is still giving love and attention to even its cheapest iPhone.
The low prices for these two updated device follow a trend that independent Apple analyst Neil Cybart noted last week: Apple “is making its products more accessible through lower pricing.”
His examples include AirPods at $159, which are priced lower than nearly any other wireless earbud. He also argues that Apple Watch is underpriced — at $269, it’s cheaper than Android options from Samsung and Fossil.
In his excellent analysis, he offers several theories about this change in Apple’s strategy. Accessories like AirPods or the Apple Watch could be loss leaders to get more people to buy iPhones, for example. Or Apple could just be getting better at making millions of units of any given product.
But my favorite theory for why Apple is pushing downmarket so hard is because CEO Tim Cook wants to push upmarket too. From Cybart:
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There are so many things that you could do with your money and start an investment. One of the best decisions you would ever make in this life when it comes to investing is putting it into real estate. For the past five decades now, investing in real estate has become wildly in demand due to the many benefits it brings and the returns it could do to an investor. But this is something that shouldn’t be done impulsively even when you are vastly wealthy. It is always best to make smart decisions regarding this so you would get your money’s worth.
Truth be told that this could be a lot harder than investing on bonds and stocks, but don’t worry because I’m here to walk you through on how you could invest your money in real estate.
First, make sure that the property you are about to acquire has a good location. That’s pretty much the number one rule in real estate, location, location, location. Scout around the area where you think is not only gorgeous, but definitely profitable. Get a trustworthy real estate agent who knows what they are talking about in the business. Don’t be afraid to widen your options because you will never know what would be the best property for you if you don’t go out searching for the best.
It doesn’t always have to be luxurious or expensive, it just needs to be appealing and livable. Most of the time, people have this misconception that it has to look like a celebrity mansion to profit from it in the end. It is all about being resourceful and knowing what you want for that piece of property that you bought.
Now, let’s talk about investing on it. The first thing that you could do to a house or a piece of real estate that you acquired is to make it available for rental. You could be the landowner and what you will need is a tenant who will rent it out for you. Price it accordingly or at least make it reasonable. It would depend on the location and the amenities that you are going to provide should you base your rental charges. But most landowners charge more in order to gain a lot of profit from their estate, it is just among the strategies to make a lot of money from it.
You can actually already rent it even without you having paid the whole price of the house just yet. You can use the rental profit and money that you are basically getting from it to pay for the mortgage of the house. A lot of people have been doing it, so it’s perfectly legal and once again, it is all about strategy.
Trading your real estate in the market is also another option. This is something more technical and advance, but it is also what an investor do to a purchased piece of property. The advantage of this one is that your house could be up for bidding. This way, you could easily choose who you could sell it to for a price that would work for you.