With the euro in crisis, Germany has come to seem like a lone island of fiscal stability in Europe. Its debt levels are modest, its government bonds are safe havens for investors around the world, and it has avoided the kinds of private credit booms and housing bubbles that have destabilized the rest of the […]
A few months before Egypt’s presidential election in June, one of the country’s leading businessmen quipped that it would take a crazy man to want to lead the Arab world’s most populous country. It made sense to be cynical at that time. No one knew where Egypt was heading or what a military hungry for power […]
There is a parallel between the ongoing euro crisis and the international banking crisis of 1982. Back then, the International Monetary Fund saved the global banking system by lending just enough money to heavily indebted countries; default was avoided, but at the cost of a lasting depression. Latin America suffered a lost decade, writes George […]
The World Economic Forum’s annual Global Competitiveness Report is the closest thing that exists to a Michelin Guide for national economies. And in a world where businesses looking to establish or expand are perfectly free to choose, say Germany over Canada or Vietnam over China, the report is a helpful cheat sheet. Read Here – http://www.cfr.org Read […]
The more Germany tries to save the Eurozone, the more it become the union’s scapegoat. The best response: ignore the populists, and keep on trucking, Sebastian Pfeffer writes in the European. Read Here
MONEY is perhaps the most basic building-block in economics. It helps states collect taxes to fund public goods. It allows producers to specialise and reap gains from trade. It is clear what it does, but its origins are a mystery. Some argue that money has its roots in the power of the state. Others claim […]
Read Here – BusinessWeek
looking beyond borders 