Word: capitalisme
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They are principally congregating in three distinct areas: the Pacific Rim, including not only such thriving hubs as Tokyo and Hong Kong but China, / Vietnam and Cambodia as well; Latin America, especially Mexico, which, thanks to the passage of the North American Free Trade Agreement last year, has become a...
More and more Americans are discovering that faraway places can yield up challenging occupations. Gregory Piccininno, 29, a New Jersey native and a graduate of the London Business School, found himself drawn to what he calls the "savage capitalism" of Brazil. He works for a Brazilian financial firm in Rio...
And they called this free-market capitalism? The average dollar had no more rights than a ruble, until it was liberated by a handful of visionaries in pinstripes. Nocera tells their heroics in detail, but here are some of the highlights:
Yet capitalism must move beyond such rudiments if Castro's regime is to survive. Even faithful party members believe the time for thoroughgoing change has come, though they fear the economic anarchy of postcommunist Eastern Europe. "It's a difficult moment," admits Manuel Gutierrez, who was born in 1959, the...
Gutierrez is, nevertheless, a Communist Party member and prefers to work inside the system for change, though he knows the transition will be painful. Technocrats like him who earn part of their salaries in U.S. currency can often afford to buy foreign cars, rent big houses, take trips abroad and...