Rana Foroohar

Why Colombia's Stock Market Beat China's

If you had any doubt about what Fareed Zakaria calls "the rise of the rest," consider a new Bank of America Merrill Lynch report on the performance of emerging markets over the past decade.

In Praise of a Weaker Dollar

It's taken for granted that America enjoys a huge advantage from the fact that the dollar is the world's global reserve currency, representing more than 60 percent of the money held in central banks.

China's Growing Gluts

Most people assume China emerged triumphant from the financial crisis: it's still growing 8 percent a year, is flush with cash, and didn't even feel the credit crunch, thanks to a trillion dollars in new bank lending in 2009.

Small Businesses Still Suffering

Small businesses create most of America's new jobs. But in the wake of the financial crisis, they're suffering considerably more than bigger firms--and their problems will likely keep unemployment figures high for some time to come.

Dwindling Phosphate Supply Affects Food Crisis

None of the factors that drove the global food crisis in 2008 have gone away. Agricultural production is still tapped out, trade barriers are high, and demand, especially from emerging markets, is growing.

Wall Street's Ego Bubble

Last week, we got more proof of Wall Street's utter disconnect from the rest of the world when Goldman Sachs's chief executive Lloyd Blankfein was quoted as saying he's doing "God's work." Apparently, he's also a "blue-collar guy" and "everybody should be happy" that he and his peers are on track to take home billions in bonuses this year.

China's Yuan May Strengthen Against the Dollar

Investors last week were buzzing about a report released by the Chinese central bank ahead of President Obama's visit to the country, which indicated that Beijing might once again be thinking of letting the yuan rise to reflect China's growing heft in the global economy.

American Hubris Is China's Gain

According to its CEO Lloyd Blankfein, Goldman Sachs is doing "God's work." This quote, care of the LondonTimes(though delivered in irony, according to Goldman Sachs) was met with bewilderment at a Chinese business conference in Lisbon last week, where foreign CEOs and government officials were dumbstruck by the hubris.

6 Myths About China

The conventional wisdom is that China is steaming through the global financial crisis by building on the momentum generated by its 30-year boom. Indeed, ever since it sailed through the last big global crisis—the Asian contagion 10 years ago—Beijing has been feted for uniquely steady helmsmanship in financial storms.

Big Oil Goes Green

Remember back in 2001 when BP went "Beyond Petroleum"? It was a brilliant marketing campaign, but it had less to do with changing the company's business model than positioning Lord John Browne as the Teflon oil executive.

Sarkozy and Stiglitz: A New Way to Grow

While Barack Obama was busy yesterday telling Wall Street to shape up, French President Nicolas Sarkozy spent this morning criticizing the entire economic status quo.

Rana Foorohar Interviews Stephen Roach

Stephen Roach spoke with Rana Foroohar about China's future: It's been a turbulent year in china, with the uighur unrest, but also the amazing second-quarter gdp figures (growth was up 17 percent), which inspired trust in beijing.

Stephen Roach on 'The Next Asia'

When Morgan Stanley Asia chairman Stephen Roach talks, people listen: his opinions on the global economy have been known to shape policy from Beijing to Washington.

Good News From The Financial Crisis

Here's a rare bright spot as a result of the global financial crisis. The World Bank's Doing Business Report, which tracks how easy or hard it is to start new businesses in various countries around the world, is just out today, and more countries than ever are slashing red tape around starting businesses.

Creating the Chinese Google

Back in 2002, Chinese billionaire Li Ka-shing, Asia's most successful entrepreneur, founded the Cheung Kong Graduate School of Business in Beijing to turn out a new kind of Chinese global leader.

China's Economy Will Surpass Japan's This Year

During a recent trip to Japan, New York University economist Edward Lincoln was surprised to find executives at Toyota wringing their hands─not about sales, which were down 27 percent since the beginning of the year thanks to the global recession, but about their new position as the No. 1 automaker in the world.

Iran's Real Problem -- The Economy

Political infighting in Iran heated up yesterday when some of President Mahmoud Ahmadinejad's conservative supporters warned him that he might not get a second term in office if he doesn't start towing the line.

Death of the Dollar Redux

I want to respond to a reader who commented on yesterday's post about the possibility that the U.S. dollar might be replaced by a new type of currency known as an "SDR": Reader: "[You suggest in your post that] 'Americans won't be able to live quite as large as they have in the past.' This is a vague statement.

Is the Recovery Upon Us?

It seems so. For the first time since June 2007, growth forecasts for the world's rich nations are being revised upward, according to the latest OECD data.