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The global balance of the world’s big spenders and buyers is shifting. The total share of world imports is moving away from the developed economies and towards the emerging markets. You knew this. But it’s happening sooner than you think.
Based on forecasts from the WTO and The Economist, here are ten key facts about the [...]
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It’s no surprise that U.S. GDP is forecast at one of the lowest GDP growth rates worldwide for 2012, at a mere 1.3%, if the figures can be trusted. U.S. GDP growth will be lower than Canada (only projected at 2% growth), Mexico, Iraq, Kenya, Lebanon, Israel and Angola.
So which countries are projected to see [...]
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With the phenomenal growth in sovereign wealth funds over the past thirty or so years – but especially in the last ten – it’s good to stop and take a look at where this new investment phenomenon is at today in 2010.
Here’s a list of the current top 10 sovereign wealth funds around the world.* [...]
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As soon as I saw this title on the bookshelf, it caught my eye. Since I’ve been trying to curb my spending, I just skimmed it and put it back. Well, I returned a week later and decided to buy it after skimming it again.
I’m not finished with the book yet (although it’s just a [...]
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“Saudi Arabia isn’t just running out of oil — it’s running out of water. So is the whole region.” So explains Jeff Rubin in his latest book, Why Your World Is About To Get A Whole Lot Smaller (2009) (read my review of Jeff Rubin here).
If you thought it was bad enough to see the [...]
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OPEC (Organization of the Petroleum Exporting Countries) was created in Baghdad in 1960 as an intergovernmental organization with 5 founding members: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Since then, other members have come and gone, including Qatar, Ecuador, Indonesia, UAE, Algeria, Nigeria, Angola, and Gabon.
According to OPEC’s site, “OPEC’s objective is to co-ordinate and [...]
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According to Jeff Rubin, in his book Why Your World Is About To Get A Whole Lot Smaller (2009) (read my review of Jeff Rubin here), the U.S. is two-thirds dependent upon foreign oil sources. That means roughly 66% of its oil usage comes from other countries. Do you know which ones? I’ll tell you [...]
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