Top 10 Posts of Understand Globalization

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Putin, Russia, Ukraine, and the Globalized World When ordering the Russian Army to take control of key points of Ukraine’s Crimean Peninsula on the first weekend of March, it is highly unlikely that Vladimir Putin had appropriately contemplated the full financial and economic implications of such a decision. Read More Globalization and The Olympics (Part I) Every four years, during two weeks and a half, the entire world –figuratively speaking– takes a breather to see and learn about high-performance athletes … [Read more...]

The Former Soviet Republics: A Recapitulation (Part Two)

Former USSR Countries 2

  One of the many fascinating subjects of analysis in globalization is how the former Soviet republics have evolved after the 1991 implosion of the USSR to this date. Continued from Part One of this series, the table below summarizes some key information, an indispensable element in order to make an objective assessment based on the most relevant hard data available.   Out of the 27 countries on the table, 7 have been highlighted in italics; they are the countries that were part of Yugoslavia. … [Read more...]

Is Panama Taking Off for Good?

Panama-City-Skyline

Panama was formed as an independent nation in 1903, by a separation from Colombia. Since then until 2009 Panama had been a typical underdeveloped nation, basically characterized by mediocre government management. On July 1st of 2009, Ricardo Martinelli was sworn in as Panama’s president; his term expires shortly, next June 30. The transformations that president Martinelli made to the Panamanian society during the past five years as head of that Central American nation converted it from a sleep economy, into a … [Read more...]

The Former Soviet Republics: A Recapitulation (Part One)

Former USSR Countries

Communism Schmommunism Not all former Soviet countries were created equal. In fact, some of those nations experienced their own post-Soviet versions of communism, which later on, after getting rid of the humiliating subjugation they suffered under the communist regime, once that deplorable government system collapsed at the beginning of the 90s, it allowed them to flourish and prosper with relative ease, sprinting themselves above and beyond their former subjugators, in the social and economic sense. When analyzing … [Read more...]

Viktor Orban, Hungary, and the World

Czech Republic, Poland, and Hungary

Last weekend’s victory of Viktor Orban’s Fidesz (Fiatal Demokraták Szövetsége- Alliance of Young Democrats) party in Hungary’s elections casts a long and ominous shadow on European, and even in the world’s, liberal democratic tradition and practice. Orban won his re-election at the polls for a second four-year term as Prime Minister. He had already been PM from 1998 to 2002. How can anyone be so sure that Orban’s current policies and political practices are doomed to failure? The cause/effect relationships between … [Read more...]

Sir John James Cowperthwaite and Hong Kong’s Domino Effect

Sir John Cowperthwaite

The world is indebted to some remarkable human beings that, from time to time, have made such momentous contributions that have virtuously impacted the entire world, changing the way it interacts. Such is the case of Sir John Cowperthwaite (1915–2006). The Scottish born economist and statesman was the chief architect behind Hong Kong’s spectacular rise from poverty to prosperity. He was Hong Kong’s Financial Secretary between 1961 and 1971, and a worthy disciple of Adam Smith (coincidently, also a fellow  Scot—read our … [Read more...]