More in Global Economy

1 year

Colombia: The Economics of Pablo Escobar

Cocaine is one of the most profitable businesses in the world. With its plain strategies of demand and supply, key market players have been able to demonstrate the futility of prohibition for decades. Despite the billions of dollars that the Colombian government alone has thrown at the ballooning industry, drug trafficking has prevailed.

2 years

Iran: The Force Awakens

Following many years of economic and political sanctions, where Iran played second fiddle to Saudi Arabia in the Middle East, the Persian state is finally back into the spotlight.

2 years

A Flare of Light On The Russian Horizon

High inflation levels, shrinking economy, falling government spending and political unrest have all described the Russian economy in 2015. The crucial question now is: Is it really that bad?