Economics
Page 16
High energy
In our circumpolar tour, we visit Murmansk. After the USSR's collapse, the city declined. But now the promise of Arctic riches from energy and new sea routes is sparking a revival.
Horn of plenty
A tiny Muslim nation in a hostile region, Djibouti is perfectly positioned to monitor Islamist militants. That’s why the US army is here and, thanks to a hearts-and-minds programme, is welcome to stay.
Clean and serene
Liechtenstein’s population is under 35,000, yet it's home to 70,000 companies. The modern state has one anachronism: a ruling prince with little time for democracy, a sentiment his subjects seem to share.
Surfing safari
Rwanda’s capital Kigali is fast becoming East Africa’s communications hub. Foreign investment and a culture of anti-corruption are behind the boom. Monocle watches a city log on.
Sun bloc
Albania has a grim past and low income but one major asset outsiders want: its largely undeveloped coastline. For investors, it could be the last chance to buy into Europe’s empty beaches.
The heat is on
Canada’s far north was once too inhospitable for most, but global warming is clearing the snows. This has lured speculators after oil and diamonds, creating a strategic nightmare for Ottawa over its sovereignty.
Bank of the Nile
Despite Western sanctions over its government's actions, Sudan's capital, Khartoum, is undergoing a huge transformation. With Arab cash and expertise, the city plans to become the Dubai of Africa.
Finn blue line
The Åland archipelago in Scandinavia is a model harmonious ‘nation’ without full independence. Prosperous and Swedish-speaking, these Finnish islanders were happy until the EU arrived, challenging their unique arrangement and way of life.
Drugs, guns and nice sofas
In Herat, elaborate palaces are being built by businessmen who have made fortunes from post-war opportunities. A mix of foreign influences, the houses have created a new school of design: Narcotecture.
