International Economies

22 articles
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In mountainous Wenzhou “the emperor is far away” and the freest of markets reign.

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As it approaches a public offering, how Glencore—founded by the legendary fugitive March Rich—cornered the market for just about everything by working with dictators and spies.

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How KFC brought fried chicken to China and Africa as U.S. sales slumped.

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The world’s fastest growing economy isn’t China; it’s the “unheralded alternative economic universe of System D” aka the $10 trillion global black market.

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Who simultaneously did business with the U.S. government, the besieged Syrian regime, and the Libyan rebels last month? The group of 16 trading houses that collectively are “worth over a trillion dollars in annual revenue and control more than half the world’s freely traded commodities.”

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On the current state of the global economy and the inevitable decline of the U.K. and the U.S.:

A decade-long slowdown would accelerate this shift in global wealth and power and would be a grim thing to live through, but from a world-historical perspective it might not be a game-changer: it might just be the non-scenic route to the place we’re going anyway.

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As Europe, led by Greece and Ireland and followed by Portugal and Spain, tumbles towards economic catastrophe, only one nation can save the continent from financial ruin: a highly reluctant Germany.

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What it means to be an entrepreneur in Argentina, where economic crashes are a way of life.

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On the investors betting big on the Iraqi economy, which they believe has nowhere to go but up.

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How automated ‘execution algorithms’ are taking the world’s markets on a wild ride that few economists can even understand, much less control.

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An opinion piece on the structural causes of unrest in Egypt; the business fraternity, globalization, and the fate of Egyptian women.

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How a nation went bankrupt. “Ireland’s regress is especially unsettling because of the questions it raises about Ireland’s former progress: even now no one is quite sure why the Irish suddenly did so well for themselves in the first place.”

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How the dream of the Euro became a nightmare.

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Inside Office 39, a state-run counterfeiting operation designed to keep Kim Jong-il flush.

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Western execs on what it’s like to be taken over by a Chinese firm.

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The world’s population is rapidly getting older. How China and other countries stocked with young workers are taking advantage.

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Riots in Athens, the shadowy Vatopaidi monastery, and a quarter million dollars in debt for every citizen. Welcome to Greece.

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The number one item confiscated by U.S. customs for four years in a row: fake shoes. As brands continue to crack down, counterfeiters continue to up their game.

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Lessons learned while temping at an Amsterdam coffee shop.

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A reporter heads to Nauru, a tiny island nation in the Pacific, to track down the hub of a worldwide money-laundering operation—a shack filled with computers, air-conditioners, and little else.

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China is securing sub-Saharan Africa’s natural resources at a staggering rate. With the buying spree comes contracts, workers, and of course, politics. (Part 1 of a 6 part series, rest here)