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Chile, meanwhile, seems to be doing everything right. Though it is small (pop. 16 million), its GDP is $145 billion, one of Latin America's highest per capita, and is expected to grow more than 5% this year with little inflation (though recent labor and student protests indicate Chileans want a larger slice of that wealth). Its size precludes large-scale manufacturing, so it heavily promotes value-added industries for its myriad commodities, like copper and timber. Compańía Sud Americana de Vapores, Latin America's largest maritime-transport concern, reflects how Chile has turned itself from a hemispheric...
...result, there are two populations within Angola. Private bankers fly in by the planeload, business hotels in Luanda are booked months in advance, and monthly rents in the business district are the highest in Africa, ranging from $54 to $108 per sq. ft. ($600 to $1,200 per sq m). Meanwhile, hundreds of thousands of people live in Luanda's slums, malaria and cholera are rife, and 70% of the population of 16 million subsist below the poverty line. Surveying the forest of cranes on Luanda's skyline, a foreign businessman describes the operating environment as opaque, corrupt and hamstrung...
...most of the developed world, globalization is a deeply fraught topic. Not in Denmark. There, 76% of respondents in a recent poll said globalization was a good thing. And why shouldn't they? Living standards in Denmark are among the highest in the world. Per capita income trails that of the U.S. but is distributed far more equally. Unemployment is just 3.1%. The country exports more goods and services than it imports. And while only two Danish corporations (shipper A.P. Moller-Maersk and the Danske Bank) are big enough to make the FORTUNE Global 500 list, Denmark has more than...
...Forum (WEF), to the third most competitive economy on the planet. But while economic competitiveness has often been sold as something that requires long hours, low taxes and minimal government--a litany often heard in the U.S.--Denmark doesn't fit that bill at all. Denmark has the second highest tax burden in the capitalist world (after Sweden, which is just behind it in the competitiveness rankings), a generous welfare state, a heavily unionized workforce and at least five paid weeks off every year...
...about the same,” said Rebecca R. Gong ’08. Nationally, the increase in foreign students brings international enrollment back towards the all-time high of 586,323 seen in 2002. This year, Harvard’s international population is 3,913—its highest ever, according to Ladd...