He currently teaches and conducts research on macroeconomics, political economy and development with the rank of Associate Professor at the Whittemore School of the University of New Hampshire.

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The business school environment is clearly changing, with shifting student aspirations and a recessionary economy rewriting definitions of professional development and career success.

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South Sudan's government used to earn 98% of its revenues from oil and its economy has collapsed since it shut down oil production, with vital development work put on hold, our correspondent says.

BBC: Sudan rivals 'to resume pumping oil'

That growth relied on a state-led development model, financed with foreign debt within a semi-closed economy.

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That effort, economists say, stalled since it clashed with Iran's isolation from the global economy due to its pursuit of its nuclear development plan.

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"The development of our quarterly results reflects the unprecedented speed and ferocity with which the economy softened in 2008, " Philips Chief Executive Gerard Kleisterlee said in a statement.

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Over the last two years, organizations of different stripes have joined their effort to identify market-based approaches to enterprise development with the goal of increasing the number of women vendors active in the global economy.

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That big caveat aside, the report somewhat persuasively puts the Chinese economy in context by comparing market penetration in various sectors with the history of U.S. economic development.

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