Although today Samsung stands astride the global consumer electronics markets, as well as some others, it was not all that long ago that the idea that a Korean company could deploy a brand with global reach and dominance would have seemed unlikely, except perhaps among regional experts (or partisans).
“Every adult human being is an investment expert. Life is an investment exercise and you are your own best investment adviser.”
The name Taikoo—or Taigu in Mandarin—means “great and ancient” and was adopted by John Swire & Sons in China in the 19th century when the UK company was relatively new and still minor. Historian Robert Bickers’s latest book tells the story of how this Liverpool trading house that initially dealt in cotton, apples and turpentine from America became an international conglomerate centered in Asia.
Globalization usually means manufacturing. But globalization reaches into other realms, even waste disposal as Adam Minter wrote in his debut book, Junkyard Planet. In his new book, Secondhand, he investigates what happens to material goods we donate after we’re done using them and travels throughout North America, Asia, and Africa to explore how different countries reuse discarded items.
In August 1954, the United States revised its revenue code to allow the accelerated depreciation of fixed asset investments. The move was designed to encourage American manufacturers to invest in new plant and equipment. Its actual effect was to fuel an explosion in shopping center construction.
Western complaints about Chinese-manufactured copies are nothing new. In 1801, a certain Captain John E Swords approached Gilbert Stuart to purchase a copy of the painter’s famous portrait of George Washington. Stuart, who had burned before, extracted a promise from Swords as a condition of the sale that he would have no further copies executed.
Beyond Debt describes efforts to create a transnational economy free of debt. Based on research in Malaysia, Daromir Rudnyckyj illustrates how the state, led by the central bank, seeks to make Kuala Lumpur “the New York of the Muslim world”—the central node of global financial activity conducted in accordance with Islam.