Tag Archives: Economics

Saudi Arabia’s Sandcastles

As part of Saudi Arabia’s push to diversify it’s economy, King Abdullah unveiled in 2005 a megaproject known as King Abdullah Economic City (“KAEC”). The idea is to build a brand new, 173 km²/66.8 sqm city on the coast of … Continue reading

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Dirhams, Dinars, Fils and Riyals: The Currencies of the Middle East

The drachma is the Greek word for a unit of weight that was the currency of the Byzantine Empire. It was used not just in Byzantine territories of Egypt, Anatolia and the Levant, but through commerce, across the greater Middle … Continue reading

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Did Saudi Arabia bribe the World Bank?

In recent years Saudi Arabia has pursued a program of economic diversification and reform. These reforms have enabled Saudi Arabia to rise substantially in the World Bank’s Ease of Doing Business Index. Saudi Arabia was ranked the 38th easiest place … Continue reading

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Nine nonsense beliefs

Nils Gilman posted a series of “nonsense beliefs” on his Twitter account, but didn’t reproduce them on his blog for discussion, so I have taken the liberty to reproduce them here as I think Twitter is not a good forum … Continue reading

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Re-Reintroducing Sovereign Bankruptcy

In early October 2008, I wrote about the concept of sovereign bankruptcy in the context of Iceland’s banking crisis, and that we should get used to the idea of a country declaring bankruptcy. The following weeks saw Iceland’s crisis result … Continue reading

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Crisis in Dubai: A Local Perspective

As you have read and otherwise probably noted, I relocated my base of operations to Dubai last week. Days after I arrived, the emirate snatched global headlines as a number of companies owned by the emirate asked for a delay … Continue reading

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The gap between political and economic freedom

For my third consecutive post related to the fall of the Berlin Wall, I would like to bring up The Economist’s Leader on the Berlin Wall, who I thought had a thought-provoking insight as to globalization in the post-Cold War. … Continue reading

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Deviant globalization

The international organs, drugs, malware and weapons trades (among others) have been growing and flourishing, and the reason is globalization says Nils Gilman a consultant and scenario planner. Well, not regular old Thomas Friedman-style World is Flat type globalization, but … Continue reading

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More discussion On Leadership

Long-time blog pal the strategist has been posting on the recurring theme of Leadership as of late. He has two worthy posts What can Chuang Tzu tell us about leading people? and Where can you find good books about leadership? … Continue reading

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America’s Zimbabwe Moment

The news and commentators are less grim about the world economy than they were a year ago. Some reports are even optimistic that we’ve passed through the worst of it. Housing prices appear to have stabilized. The unemployment rate may … Continue reading

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