"Germany and France spent decades at each others' throats. Now, bound by a common currency, they're working together to save the euro zone. It's a story that's begging for a musical number — which, as it happens, we have right here."
One of the most widely accepted alternative theories of world inequality is the geography hypothesis, which claims that the great divide between rich and poor countries is created by geographical differences.
This article is an excerpt of the forthcoming book "Why Nations Fail" that should serve as an ideological counterweight to the book "Guns, Germs and Steel." The authors argue that the wealth of a country is most closely correlated with the degree to which the average person shares in the overall growth of its economy, meaning that political institutions are more relevant to economic success and development than physical geographic resources.
Sometimes a single unlikely idea can have massive impact across the world. Sir Harold Evans, the author of They Made America, describes how frustration drove...
The economies of scale that globalization depends on, relies on logistics and transportation networks that can handle this high-volume. In a word, the container, as mundane as it may seem, facilitated the era within which we live today.
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