In January 2016, the Kenyan supermarket chain Uchumi has filed bankruptcy for its Ugandan subsidiaries, due to perpetual losses. And they are not alone: companies like Nestlé, Coca Cola or Barclays are slowly pulling out of Africa and recent reports – such as the Global Wealth Databook from Credit Suisse or from the Pew Research Center – suggest that the size of the African middle class may be much smaller than previously thought. So was the hype in recent years about “Africa rising” (Mahajan, 2009) and the African middle class just a bubble? In order to better comprehend the social and economic transformations taking place on the continent, it can prove helpful to look beyond the dazzling facade of economies such as Kenya or South Africa, and into those countries experiencing steady growth, but nevertheless far from including a well established middle class. Their middle classes are not shopping in big malls, driving cars and going on holidays. Rather, these groups are characterized by the improvement of their livelihoods compared to their parents’ generation, in terms of education, income and housing, but they still feel strongly vulnerable, and do not take their new benefits for granted. This has an important effect on their consumption patterns, and may not turn them into the promising new consumers, as they have sometimes been praised to be. 

Kazakhstan's economic integration with Russia and Belarus has been advancing at break-neck speed.

Japanese firms are increasingly involved in various global business operations - not only in traditional international trade in goods, but also in offshore production and the new mode of globalization: offshore outsourcing.

After serious decline in the 1990s, Ukraine's economy finally started its recovery and systemic reform in early 2000. While the economy rapidly grew by 2008, its transformation remained unfinished. Ukraine has three possible roads to development. 

The Green Growth Policy in South Korea has symbolized a paradigm shift to cope with climate change, fossil fuel depletion, and global economic recession. The emerging paradigm stands to create new engines for economic growth through green technology and clean energy. The government recently unveiled the Roadmap of Green Energy Strategy 2011 (2011-2030) that aims to position Korea as a world leader in the green energy industry.

Productivity is increasingly important in the Japanese economy as an aging and shrinking population is expected to constrain labor input. Thus, the creation of innovation is critical for realizing economic growth and maintaining Japan's international competitiveness. Specifically, emerging countries such as China and South Korea are quickly catching up on Japan's level of technological prowess in electronics and other high-tech industries. For that reason, continual investment in R&D and provision of products and services that are competitive in the global market are crucial for Japan's international competitiveness.