Kim Jong-il

Could a “Deng Xiaoping” surface in North Korea?

When the Cultural Revolution was going on in China nobody would have thought someone like Deng would become the strong leader. But it happened. And not only did the party denounce Mao’s policies and what happened during the Cultural Revolution they also started slowly adapting market principles. [...]

Interconnected for better or for worse?

Understand how the markets work, but isn’t it incredible that a financial crisis made in America can even hit Saudi Arabia. Not only is the kingdom on the other side of the globe, it also has more money than any other country in the world. [...]