If you were to list the factors with the biggest potential impact on the business world over the next few decades, you’d likely cite some common themes – evolving technology, the globalization of markets, and fiscal challenges in Western countries, perhaps. But here’s one you might not have considered: women. According to our research, nearly […]
In case you were wondering, this is what an economy dying looks like. More specifically, it’s what a currency dying looks like. It turns out the latter implies the former, as Iran is quickly finding out. The chart below compares the official and black market exchange rates between the Iranian rial and the U.S. dollar. […]
Foreign direct investment (FDI) in the retail sector has been at the epicentre of national debate. Much has been said on India possibly losing out on investment by sending a wrong policy signal. But do we really need to get so worked up? Considering the anticipated level of inflows on account of FDI in retail, […]
Africa is more important than ever to the United States. The continent, home to six of the world’s ten fastest-growing economies, is booming. And democracy has become the African norm rather than the exception. This year alone, no fewer than fifteen sub-Saharan countries will hold elections. With their combination of liberal politics and market economics, […]
When Xiaobo Zhang got married in the early 1990s, he and his bride, like millions of other couples across China, were given a small room to live in by his danwei, or work unit. At the time a lecturer at Nankai University in Tianjin, Zhang’s room was utilitarian and unremarkable, virtually indistinguishable from the ones inhabited […]
The finance industry is to blame for the growing divide between the rich and poor in the United States, says Nobel Prize-winning economics professor Joseph Stiglitz. In an interview with SPIEGEL, he accuses the industry of preying on the poor and buying government policies that help them get richer. Read Here – Der Spiegel
Brazil’s president, Dilma Rousseff, and her finance minister, Guido Mantega, are attacking the U.S. Federal Reserve for embarking on a third round of quantitative easing. By aggressively buying bonds, the Fed aims to push interest rates lower, and that will nudge the dollar down as well. This will hurt Brazil and other developing-country exporters, Mantega says, and […]
Vint Cerf is known as one of the “fathers of the internet.” He sat down with Alexander Görlach to talk about innovation, social networks, and the future of human society. Read Here – The European
Adair Turner is the jewel in the crown of British public servants. He is one of a tiny minority in public life today capable of thinking and acting at the highest level. Economics after the Crisis, based on three lectures he delivered at the London School of Economics in 2010, is a thinking person’s delight, not […]
ONCE again, the Japanese public must be wondering whether politics only serves to inflict cruel jokes upon them. On September 26th the opposition Liberal Democratic Party (LDP) chose Shinzo Abe, a nationalist former prime minister, to lead it into the next general election, even though he quit as leader after just a year in 2007 […]
looking beyond borders 