oday’s Russia is a strange paradox. The country and its people are better off than at any time since at least the Bolshevik Revolution. But its great financial wealth coexists with remarkable weakness. True, it still has a large army and a nuclear arsenal capable of ending life on Earth. But by most measures of modern power, Russia is a lightweight. It has almost no influence in the world […]
AS EVERY monarch in the Gulf knows, even geysers of oil cannot keep all your subjects happy all of the time. Still, King Abdullah of Saudi Arabia may have been surprised that his recent appointment of 30 women to the kingdom’s 150-person shura council should provoke a public protest. The all-appointed body, a sort of proto-parliament, has […]
South Korea’s tycoons were relieved when the pro-business Park Geun Hye was elected last month as the nation’s 11th president. The main criticism against her predecessor and party mate, Lee Myung Bak, was that he was as beholden to corporations as leaders get. Park’s win was seen as a victory for the economic system that raised Korea […]
The $10 Trillion Prize authored by consultants at the Boston Consulting Group digs deeper into the changing consumer landscape in China and India to find out the big, juicy, revenue model that should excite everybody who cares to be in these two markets. And numbers, as always, make for a fascinating reading. Here are some […]
Any look back at 2012 would necessarily focus on three parts of the world: the eurozone, with its seemingly endless financial uncertainties; the Middle East, with its many upheavals, including, but hardly limited to, the Muslim Brotherhood’s accession to power in Egypt and Syria’s savage civil war, which has already claimed more than 60,000 lives; […]
One year has passed since Russia awakened. A negative trend had dominated the past 12 years in Russia: The number of freedoms decreased while abuses of the Kremlin‘s power increased. This was largely met by indifference among the people. But in December 2011, that indifference ended with the beginning of the protest movement. The country was set on a new path that will lead to either the overthrow of the regime […]
It may be Asia’s 21stcentury equivalent of the assassination of Austria’s Archduke Ferdinand that sparked World War I. Growing tensions over territorial disputes in the East and South China Seas threaten to disrupt the oft-heralded Asian Century. Whatever the outcome, many see more than just competing nationalisms, the scars of national memory and the rise of […]
“I’d kill for a drink of water,” could be a military call-to-arms soon, as the planet’s most essential commodity is swallowed, evaporated, polluted, and utilized at unsustainable levels. Earth contains a finite, unchanging amount of H2O. Usage has escalated dangerously, due to human population explosion (1.65 billion – 9 billion from 1900-2025) and the myriad […]
In 2011, when Algeria’s Religious Affairs Minister Bouabdallah Ghlamallah awarded the contract to build the Grand Mosque of Algiers, the third-largest such structure in the world, it did not go to a homegrown Algerian bidder nor to one based in a fellow Muslim-majority Arab nation like Lebanon, nor even to one in a nearby non-Muslim […]
“We are moving away from a U.S. – or Europe-led world to a world led by China,” writes Stephen King, Chief Global Economist at HSBC in a report. HSBC’s Emerging Market Index for the last quarter of 2012 tells investors to think of the global economy in terms of “two separate narratives.” The first is the “old world” […]
