Articles

September 2013 | Companies and Markets
A Zone of Turbulence
In early May, Air France officially announced that its low-budget carrier has been put up for sale and that the airline is planning for big cuts over the next two years. World Economic Journal tried to figure out what is shaking Air France. The problems here began long ...

September 2013 | Global
Why the French Still Havent Learned English
At the end of May beginning of June, France was shaken up by a law proposed by Minister for Higher Education and Research Genevieve Fioraso to increase the number of hours of English taught in universities. The French weren’t asked to completely switch to English ...

July - August 2013 | Companies and Markets
Chicagos Gloss
Chicago has always been more famous for its pizza that its elite housing. But the revival of skyscraper construction and the rise in real estate prices have given rise to the development of the luxury housing market in the Windy City. Developers have begun a battle for ...

July - August 2013 | Companies and Markets
Gold in the Bear Pit
The gold price is continuing to fall. The uninterrupted decline began at the end of 2011, and the market has had a distinctly “bearish” trend. The precious metal has already lost 26%, and experts say this is not the limit. With the current price at $1,390 pe...

July - August 2013 | Global
South America Gets a Prescription for the Virus
Latin America could be faced with the consequences of the financial crisis in Europe and the U.S. Though the World Bank had a positive growth forecast for the Latin American countries, it recommended that they take care of themselves and not rely on commodity exports. ...

July - August 2013 | Global
The Crisis Is No Excuse Not To Pay
The European Union countries for the second year in a row have reduced financial aid to the world’s poorest countries, due to the reduction of their own budgets. The UN fears that this means that the developed countries will not be able to fully meet their obligat...

July - August 2013 | Companies and Markets
From Luxury to the Masses
Asian consumers have had their fill of luxury clothing brands. For the first time in the region, budget clothing brands like Zara and Uniqlo have become some of the most sought-after. However, international retailers will have to withstand stiff competition from local p...

July - August 2013 | Global
Czechs Prefer Their Koruna
If the referendum to adopt the euro in the Czech Republic had been held this week, the results would have been likely to have pleased opponents to the single currency. According to a survey conducted by the Czech Center for Public Opinion, 48 percent of respondents said...

July - August 2013 | Global
The Souths ascent is based on economic imperatives
Gary Perlman, an expert on African economics and politics and the Executive Director of  Langham Capital (London), spoke to WEJ about why people should not be skeptical about "the South’s ascent" and how the rapid development of southern countries will change...

July - August 2013 | Investments
Interested in Debt
Investors’ hunger to turn a quick profit has led to record demand for high-yield Asian debt securities. It is expected that this year will be a record year for issuing such instruments. However, excessive investor activity could lead to a bubble in the bond market...


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