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Sam Vaknin's Articles in Business

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  • Can Gross Domestic Product (GDP) Figures be Trusted?
    The GDP figure is vulnerable to "creative accounting".
  • The Economics of Expectations
    We are in the throes of a third wave. Instead of buying and selling assets one way (as tangibles) or the other (as symbols) - we increasingly trade in expectations (in other words, we transfer risks).
  • Europe's Theme Parks
    War - especially coupled with a globally sluggish economy - has a contradictory effect on the consumption of entertainment. Disposable incomes plummet curtailing the sales of medium to big ticket items such as cruises and resort vacations.
  • The Space Industry in Russia
    The recent (December 2005) spate of news about Russia's space program was decidedly mixed. According to Space News, the 17-country European Space Agency (ESA) declined to participate in Russia's $60 million, two-year Clipper manned and winged space vehicle program, a touted alternative to NASA's Crew Exploration Vehicle.
  • The Economies of the Middle East
    On February 24, 2003, in the Islamic Financial Forum in Dubai, Brad Bourland, chief economist for the Saudi American Bank (SAMBA), breached the embarrassed silence that invariably enshrouds speakers in Middle Eastern get-togethers.
  • Switzerland's Cheesy Economy
    In a series of referenda in 2003-5, Swiss citizens transformed their country forever, economically aligning it with the European Union and opening it up to work migration. It was an uncharacteristic response to increasingly worrisome times.
  • Nokia - From Start to Finnish
    Some companies have at least nine lives, it would seem. Nokia was founded in southwestern Finland, in 1865, by a mining engineer, one, Frederik Idestam, as a wood-pulp mill. An eponymous town formed around it. Independently, the Finnish Rubber Works took on the town name in the 1920s, having been established there in 1898.
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