Strong prospects await global companies that invest in Africa’s consumer, agricultural, natural-resource, and infrastructure sectors.
Africa’s economic growth is creating substantial new business opportunities that multinational companies often overlook.
At least four categories together could be worth $2.6 trillion in annual revenues by 2020:
Even by the standards of this deficit-ridden state, Illinois’s comptroller, Daniel W. Hynes, faces an ugly balance sheet.
Precisely how ugly becomes clear when he beckons you into his office to examine his daily briefing memo.
He picks the papers off his desk and points to a figure in red:
$5.01 billion.
5 July 2010
Chanchala Devi always wanted a house.
Not a mud-and-stick hut, like her current home in this desolate village in the mineral-rich, corruption-corroded state of Jharkhand,
but a proper brick-and-mortar house.
When she heard that a government program for the poor would give her about $700 to build that house, she applied immediately.
As an impoverished day laborer from a downtrodden caste, she was an ideal candidate for the grant.
We’ve talked frequently about what we see as the intelligence and vision of the Chinese leadership when it comes to overall economic policy.
Indeed, this past week, we ran a significant Feature Analysis that analyzed ways in which they may be achieving a fundamental re-orientation of the economy:
That a German player named Mesut Özil scored the goal that sent his nation through to the second round of this year’s World Cup
is a sign that something fundamental has changed about what it means to be German.
A country which, until quite recently, refused to give citizenship even to the German-born children of immigrants,
Three weeks after thousands are thought to have died in a wave of ethnic violence in southern Kyrgyzstan,
and days after a somewhat bizarre national referendum on a new constitution,
the interim government here has yet to provide a convincing explanation of why it occurred —
a reflection, experts and former officials say, of the leadership’s inner turmoil and a possible portent of troubles to come.
The Obama administration has announced that it would ask Congress to ratify a long-stalled free-trade agreement with South Korea after the midterm elections in November.
The decision, which risks angering labor unions and their Congressional supporters, was announced after a meeting with the South Korean president, Lee Myung-bak at the G-20 meeting in Toronto.
Mr. Obama’s aides said they would try to resolve lingering issues by the time of the next G-20 leaders’ talks,
30 June 2010
For years, Chinese leaders looked to the millions of poor workers from the country’s interior as the engine of a roaring export economy.
They would move to coastal provinces, toil in factories and churn out the world’s household goods.
These days, the workers are crucial for China’s economy in another way:
They must start buying the very products they manufacture,
