Courtesy of STRATFOR (subscription required), some analysis of China’s efforts to create a national consumer base: One issue will be particularly important in shaping the Chinese government’s approach to social and economic development over the coming decade: transforming China’s nearly 800 million workers (including some 250 million migrant laborers) into consumers. For a system that […]
Read more »Courtesy of Finance Asia, an article on Bangladesh: Bangladesh usually attracts attention for the wrong reasons. Too often the country appears in news headlines for its natural or man-made disasters, or else it is dismissed as a source of employment for NGOs or cheap labour for the garment industry. Yet, as long ago as 2005, […]
Read more »Via The Diplomat, an article on Mongolia’s economic boom: Mongolia enters 2013 as one of the world’s fastest growing economies, with forecasters predicting GDP growth of 18-20 percent. Driven by a boom in mining revenues, the impact of this growth is clearly visible in Mongolia’s capital city, Ulaanbaatar, where expensive office high rises, modern apartment […]
Read more »Via The Diplomat, a look at Vietnam’s economic woes: Last year saw a number of Vietnamese state-owned enterprise officials being arrested for economic crimes or “irregularities” at the companies under their care. As covered previously on Pacific Money, one of the most shocking such arrests was that of Nguyen Duc Kien, a famous tycoon and […]
Read more »Via the Globe & Mail, an interesting article on Benghazi: At a construction site on Benghazi’s waterfront, engineer Seraj Bushada proudly points to a giant hole in the ground that will make way for a 48-floor office tower that city officials hope will help transform part of this port city into a modern business district. […]
Read more »Via Oil Price, an interesting look at Yemen: Yemen is Arabia’s neglected corner, with Saudi Arabia garnering the lion’s share of media coverage. But the impoverished nation of 24 million people seems fated to play an ever increasing role in two areas of western interest – oil exports and terrorism. Which factor will win out […]
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