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Showing posts from January, 2018

Post #4 http://www.bbc.com/news/world-africa-22191680

http://www.bbc.com/news/world-africa-22191680 Mozambican are protesting at Brazil-owned Vale coal mine because of the compensation deal that they should receive were not met, this kind of arrangement are labeled as share economy because of the employee compensation is tied to company performance through profit sharing. They are an organization of employees and workers of a company, occupation, or branch that comes together for the purpose of affecting conditions of work and pay, this is known as a labor union, and because the workers are still not satisfied with the payment that they get, that is the reason why they are protesting.  References Gregory P.R. and Stuart R.C.; (2014). The Global Economy and Its Economic Systems BBC News, (2013), Mozambique protesters at Brazil-owned Vale coal mine

Post #3 http://www.bbc.com/news/world-africa-21655680

http://www.bbc.com/news/world-africa-21655680 Mozambique are once a Marxism state during the early 1980's, it is under the  Front for the Liberation of Mozambique (FRELIMO) party. Their first President wanted to build a socialist country, which they wanted to demolish capitalism class and defend their land and people from exploitation, this is the priority of the country. But then socialist in Mozambique does not last long, due to the insufficient assistance from the Soviet bloc and also because of the death of Samora Machel. Subsequently, the country has adopted pluralist constitution, thus this lead towards a rapid growth where they had improve and achieve much more. References Gregory P.R. and Stuart R.C.; (2014). The Global Economy and Its Economic Systems (2013), Mozambique: From Marxism to market