Word: argentinas
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Blake Mycoskie wanted to get away from it all. After founding and running four businesses and losing by a sliver on The Amazing Race, he escaped last January to Argentina, where he learned to sail, dance the tango and play competitive polo. He also visited impoverished villages where few, if any, children had shoes. "I was sitting on a field on a farm one day, and I had an epiphany," says Mycoskie, who had taken to wearing alpargatas--resilient, lightweight slip-on shoes with a breathable canvas top and soft leather insole traditionally worn by Argentine workers. "I said...
...spent the next two months meeting with shoe- and fabricmakers in Argentina and named his self-financed company Toms: Shoes for Tomorrow. He modeled his product after the alpargata but used brighter colors and different materials. "No one looked twice at alpargatas, but I thought they had a really cool style," says Mycoskie, 30. "I'm a fan of Vans, but they can be clunky and sweaty. These aren't. They fit your foot like a glove but are sturdy enough for a hike, the beach or the city...
...promised, he returned to Argentina in October with a couple of dozen volunteers to give away 10,000 pairs of Toms shoes along 2,200 miles of countryside. "I always thought I'd spend the first half of my life making money and the second half giving it away," says Mycoskie, who calls himself not ceo but chief shoe giver. "I never thought I could do both at the same time...
...soybeans to petrochemicals to aluminum. A Chinese steel mill searching for a reliable supply of iron ore can hire Noble to find it, deliver the ore and then market the steel made from it. For some products, Noble controls the entire supply chain--for example, it grows oilseeds in Argentina, stores them in Noble-owned warehouses, ships them to China from Noble-controlled Argentine ports, processes and refines them in Noble factories on the mainland and delivers the oil to customers. With 72 offices in 42 countries, Noble is the second largest coal merchant in the world and a major...
...biggest economies away from Germany, and India and South Korea are set to join the top 10 within a decade. India's GDP has expanded by $350 billion in the past six years--equal to the entire economy of the Netherlands in 2000. Once moribund countries such as Argentina and Russia are doing much of the heavy lifting today. According to the World Bank, developing nations collectively grew about 7% last year--more than twice as fast as high-income countries. They now account for 49% of world economic output, up from...