Via The New York Times, an interesting look at Cuba: On the plane, something odd but also vaguely magical-seeming happened: namely, nobody knew what time it was. Right before we landed, the flight attendant made an announcement, in English and Spanish, that although daylight saving time recently went into effect in the States, the island […]
Read more »Via STRATFOR, an interesting report on Russia’s relationship with North Korea: Russia and North Korea have reached a settlement regarding North Korea’s $11 billion debt to Russia, Russian Deputy Finance Minister Sergei Storchak said Tuesday. According to Storchak, Russia has agreed to write off 90 percent of the debt amount. The remaining $1 billion would […]
Read more »Courtesy of Foreign Policy, a look at Myanmar: “Burma is the next Asian Tiger.” Don’t bet on it. The economies of the Asian Tigers don’t look anything like Burma’s, which is driven by primary industries such as natural gas, agriculture, timber, jade, and minerals. Together these industries made up over 80 percent of exports last […]
Read more »Via The Financial Times, a more sobering look at India’s recent retail laws: India’s rush of reforms last week drew praise for a government normally resistant to anything that might compromise its electoral prospects. But, as days have gone by, the limitations of the government’s actions have become as apparent as the potential: India won’t […]
Read more »Via McKinsey Quarterly, an interesting look at Indonesia’s economic growth potential: Most international businesses and investors know that modern Indonesia boasts a substantial population and a wealth of natural resources. But far fewer understand how rapidly the nation is growing. Home to the world’s 16th-largest economy, Indonesia is booming thanks largely to a combination of […]
Read more »Via The Financial Times, an article looking at the economic growth potential for Mexico in 2012: Mexico could conclude the year with economic growth of as much as 5 percent, Gerardo Rodríguez, the deputy finance minister said Monday. Good news indeed. Most analysts had been forecasting 4 per cent at most, while the International Monetary […]
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