Spanish industrial manufacturing hit rock bottom in 2007, when turnover fell by 30%. Last year, according to the Bank of Spain, production dropped another 8.5%, despite significant increases in exports. Over these years, all of the largest factories have been announcing...

The Chinese yuan will become a convertible currency and be released globally for trade by 2020, when China’s economy will be the largest in the world, according to Beijing. Will the PRC’s currency be able to enter a troika of the major global currencies and ...

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 ...

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. ...

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...

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...

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...

It seems that the persistent association of "rich North – poor South” is no longer fitting. Recently analysts are more inclined to note a new trend – the strengthening of the southern countries, in terms of both economic criteria and political influenc...

The current economic crisis is threatening mankind with a real catastrophe. The financial issues are just the tip of the iceberg; the bulk of the submerged piece is social problems, fraught with global armed conflicts. The probability of a negative scenario will remain ...

The 2011 revolution in Egypt led to the fall of the dictatorial regime of Hosni Mubarak, who had ruled the country for 30 years. But instead of the long-awaited freedom and democracy, Egyptians got a “New Mubarak,” who, unlike his predecessor, isn’t ab...