Political risk must-reads
Eurasia Group’s weekly selection of essential reading for the political-risk junkie — presented in no particular order. As always, feel free to give us your feedback or selections by tweeting at us via @EurasiaGroup or @
“EU Immigration: Only the Rich Are Welcome” – Claus Hecking, Spiegel Online
It seems many EU countries have a new product to boost growth — entry into the EU itself. Today, Latvia offers the bargain rate, with a resident permit available for anyone who spends $96,500 on real estate in the country. A recent survey by the immigration department showed that less than a fifth of people taking part in the residence permit program are actually settling permanently in Latvia.
“Ikea at last cracks China market, but success has meant adapting to local ways” – Kim Wall, South China Morning Post
Is Ikea finally succeeding in China? What is the secret behind the company’s growing revenue?
“Twitter’s EM uphill battle” – Rob Minto, Financial Times
The country with the highest Twitter penetration rate outside of the US is Turkey, with 31 percent; perhaps that helps explain Prime Minister Erdogan calling the platform a “menace to society” during the Gezi Park protests earlier this year. Where is Twitter prevalent around the world?
“Why Mexico’s Sinaloa Cartel Loves Selling Drugs in Chicago” – Jason Mcgahan, Chicago Magazine
Conservative estimates from drug enforcement officials peg the Sinaloa cartel’s annual revenues at more than $3 billion: more than those of the Chicago Mercantile Exchange Group. What makes Chicago such an appealing target for the drug trade?
“Imagine a world without shops or factories” – Peter Day, BBC Magazine
How are sweeping technological changes redefining industry?
“A new $100 bill, the world’s most popular banknote, starts circulating today” – Matt Phillips, Quartz
The $100 bill accounts for almost 80% of all outstanding US currency. What does the new bill look like?