Foreign Investment

How Bihar Went from Basket Case to Case Study

I visited Bihar for the first time in 1998, when its reputation for lawlessness was well-deserved. Traveling by train from Delhi, you knew exactly when you crossed the border into Bihar. That’s when groups of aggressive, ticket-less riders suddenly jumped onto the train, comfortable in the knowledge that, in Bihar, no one would …

Rebuilding Chile: Harder Than Rescuing Miners?

Chilean President Sebastián Piñera was riding high in the polls last October when he led the globally celebrated rescue of 33 trapped miners. But since then, his 63% approval rating has dropped below 50% as the glow of the rescue fades and Chileans ponder the harder task before them: rebuilding the central swath of the country hit by …

Renault’s Spy Caper: Industrial Espionage, Or Slick Ruse?

Is the dramatic mystery surrounding the spy scandal at French carmaker Renault deflating like a particularly gravity-prone soufflé? That seems to be the main conclusion of recent media reports contrasting earlier allegations that China, international espionage rings, and just about any other convenient suspect was behind the purportedly …

While the Bahrainis Talk, the Saudis Are Leaning In, Listening

“Bahrain is the tent pole that holds Saudi Arabia up,” a wealthy Shia businessman told me. “If Bahrain falls, so does Saudi.” We were sitting on the deck of his yacht, overlooking the sliver of gray water that separated the island nation of Bahrain from its Saudi sponsor. When I asked him if I could quote him by name, he …

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