Every country and region 75

9 books · Countries
The world's standing case study in sovereign default, capital controls and inflation; nine defaults and a century of relative decline make it the mark
7 books · Countries
A leveraged bet on Chinese resource demand sitting on top of an oligopolistic banking and housing complex; the mandatory superannuation pool is the ot
5 books · Countries
Austria's contribution to investor literature is intellectual and historical rather than corporate: the Austrian School, and the 1931 Creditanstalt fa
7 books · Countries
Microfinance is very well covered, from the founder's own account to sceptical audits of the evidence. The ready-made garment industry that actually d
2 books · Countries
Nothing on modern Belgian business in English: the Fortis collapse, one of Europe's larger 2008 bank failures, has no book. The one enduring Belgian b
9 books · Countries
A commodity-levered economy with a chronically high cost of capital, an activist state bank and a strong domestic consumer franchise; the serious Engl
6 books · Countries
A concentrated economy: five banks, a handful of railways and telecoms, and a resource base whose access to market depends on pipeline politics; oligo
9 books · Countries
The transition from planning to markets is the region's defining business event, and for most individual countries here the regional accounts are the
9 books · Countries
Small but sharp. Two books cover most of what an investor needs: how the Caspian oil concessions were won, and how the resulting money leaves the regi
7 books · Countries
The richest country literature in Latin America, because the Chicago Boys experiment, the privatised pension system and the 2019-22 backlash are all d
9 books · Countries
A state-directed economy where the banking system, land sales and local-government finance are policy instruments rather than markets, so political ac
7 books · Countries
Thin and mostly historical. The coffee economy is the one part with a serious scholarly treatment.
5 books · Countries
Better served than it looks. Myant's study of voucher privatisation, bank-held funds and the tunnelling that followed is a genuine standalone treatmen
3 books · Countries
Close to absent. LEGO has one serious business book and Maersk is best approached through Rose George's shipping reportage; Novo Nordisk and the Danis
8 books · Countries
No single business book on Egypt, but the state-capitalism story is well covered in pieces: colonial debt and cotton, Nasser's nationalisations, infit
7 books · Countries
Very thin, but unusual in one respect: an Ethiopian policymaker wrote a serious book about his own industrial policy, which is worth more than any out
6 books · Countries
One corporate story dominates: Nokia's rise, collapse and reconstruction, told once by the chairman who lived it. There is nothing comparable on Finla
6 books · Countries
A state-shaped economy where the elite pipeline, national champions and labour law matter more than the equity market; the English-language business l
7 books · Countries
Little of this is country knowledge; it is about the shape of the asset class. The most useful books are those that explain why frontier and emerging
7 books · Countries
An export-and-manufacturing economy built on cheap energy, a fixed exchange rate it does not control and a Mittelstand ownership model, all three of w
8 books · Countries
Better than it first appears, but all of it is agricultural and fiscal rather than corporate: cocoa pricing, the marketing board, and the Rawlings adj
9 books · Countries
Strong on the crisis and now decent on the underlying economy. Two participant accounts sit on opposite sides of the 2015 negotiation, and Meghir and
9 books · Countries
A currency-board economy whose domestic wealth is concentrated in a property cartel fed by restricted land sales, and whose role as China's offshore f
8 books · Countries
Two things are worth reading Hungary for: Kornai's analysis of how planned economies actually behave, which is a permanent contribution, and the post-
9 books · Countries
A fishing economy that turned three banks into a hedge fund ten times the size of its GDP and then let them fail. Small literature, but three of the b
7 books · Countries
A large, fast-growing but heavily promoter-dominated market where the licence-raj legacy, family conglomerates and regulatory discretion still shape w
6 books · Countries
Southeast Asia's largest economy, run through a small number of ethnic-Chinese conglomerates and a resource-export base, with a memory of the 1997-98
7 books · Countries
Better served than most sanctioned markets. Three strands: how the bazaar works as a credit and distribution network, a former finance minister's surv
9 books · Countries
The Celtic Tiger and its bust are exceptionally well documented, from polemical overview down to the anatomy of the single bank that broke the soverei
9 books · Countries
A small domestic market with an outsized technology export sector fed by military R&D and exits to US acquirers; most of the literature is about that
6 books · Countries
A country of excellent small manufacturers, weak banks, high public debt and slow courts; the political economy and the informal economy explain more
7 books · Countries
The developed world's laboratory for what happens after an asset bubble bursts: three decades of balance-sheet repair, cross-shareholdings and, more r
6 books · Countries
Better covered than most of Central Asia because the Caspian oil concessions attracted Western majors and Western reporters with them.
7 books · Countries
Two genuinely useful books: one on how public money is captured, one on the mobile-money system that made Kenya a case study in leapfrogging.
7 books · Countries
Thin on Kuwait specifically, strong on the Gulf as a capital bloc. There is a notable gap: the 1982 Souk al-Manakh crash, one of the largest stock mar
9 books · Countries
The useful literature is about a recurring cycle rather than any one country: commodity windfall, fiscal expansion, overvalued currency, capital fligh
8 books · Countries
One of the better-documented emerging markets. Four strands: the Bumiputera policy that shapes every deal, the party-linked and government-linked owne
6 books · Countries
An economy hard-wired into US manufacturing by NAFTA and its successor, with highly concentrated domestic sectors and a security problem that is itsel
6 books · Countries
Almost nothing. One comparative academic study covers Moroccan business associations properly; otherwise the country is a chapter in the MENA politica
6 books · Countries
Where modern finance was invented: the first joint-stock company, the first liquid secondary market and the first recorded speculative bubble, all of
6 books · Countries
Thinner than it should be, but not one book. New Zealand ran the most abrupt liberalisation of any OECD economy in 1984-90, redesigned its public sect
6 books · Countries
Africa's largest economy and its hardest frontier market: oil revenue, multiple exchange rates, fuel subsidies and a large consumer base that repeated
6 books · Countries
Norway matters to investors for one reason above all: the oil fund, the largest single pool of institutional capital in the world and the model for ma
7 books · Countries
Two books explain almost everything an investor needs: kinship and patronage as the operating system, and the army as the largest business group in th
6 books · Countries
One genuinely important book came out of Peru and changed how the development field thinks about informal property. Around de Soto sit a first-rate ex
8 books · Countries
Little modern business writing, but an unusually strong academic literature on why Philippine banking, land and family conglomerates work the way they
8 books · Countries
The most successful post-communist transition in Europe, built on shock therapy, EU accession funds and a large domestic market; the English-language
5 books · Countries
Almost nothing on the modern corporate scene. Portugal took a bailout, restructured its banks and recovered, and none of it produced an English-langua
6 books · Countries
Thin on the operating business. Qatar's LNG contracts and the mechanics of its sovereign fund are largely undocumented in book form; what exists is po
6 books · Countries
No business book on Romania as such, but Verdery's fieldwork on property restitution is a genuine Romania-specific study of how ownership was created
6 books · Countries
A resource economy in which property rights are contingent on political favour; the literature is largely about how assets were acquired in the 1990s
6 books · Countries
A sovereign balance sheet run as a single portfolio: Aramco, the PIF and a diversification programme whose execution risk is the investment question,
9 books · Countries
A city-state run explicitly as a business: sovereign investment vehicles, a controlled land supply and a legal system built to attract capital. Readin
9 books · Countries
A sophisticated financial market and a deep mining history sitting on top of state capture, an unreliable power supply and weak enforcement; the accou
6 books · Countries
The purest example of state-directed industrial catch-up, and now a market where the chaebol ownership structure and its governance discount are the c
8 books · Countries
The strongest regional literature in this file. Studwell explains why some Asian economies developed and others did not, and the 1997 crisis produced
9 books · Countries
A market defined by a savings-bank-funded property bubble, its bailout and the export-led recovery afterwards; the English-language business literatur
7 books · Countries
For most African countries the regional books are the country literature, so this is the entry to read first. It spans the resource-extraction deal ma
9 books · Countries
A small open economy with world-class industrial and consumer exporters, dual-class share structures that keep control in a few families, and a 1990s
9 books · Countries
A small open economy with an oversized banking and pharmaceutical sector, a currency that acts as a global safe haven, and an offshore wealth business
9 books · Countries
An economy whose equity market is essentially one supply chain, semiconductors, sitting under a geopolitical risk no other market carries; the English
9 books · Countries
Thailand is unusually well served because Pasuk Phongpaichit and Chris Baker wrote the boom, the 1997 bust and the tycoon-politician who followed.
9 books · Countries
Almost nothing on Caribbean domestic economies, but a strong and growing literature on the offshore financial industry those jurisdictions host, which
9 books · Countries
A crowded and genuinely good literature. The core question is whether the 2010-12 crisis was caused by fiscal profligacy or by the currency union's ow
6 books · Countries
Two literatures worth separating: the academic political economy of rentier states, which explains the structures, and the recent Saudi reporting, whi
8 books · Countries
Weak as a business literature, but not empty. The comparative economics of the model is covered properly, and there is a sceptical counter-literature.
9 books · Countries
A large, young, industrially capable economy repeatedly undone by unorthodox monetary policy, currency crises and political interference in the centra
6 books · Countries
Anders Åslund wrote most of the useful English-language material on Ukraine's economy, oligarch structure and repeated failed reform attempts.
9 books · Countries
Two very different economies in one federation: Abu Dhabi's hydrocarbon sovereign wealth and Dubai's leveraged trade, property and services hub. The E
6 books · Countries
A small domestic economy attached to an outsized international financial centre, so UK-listed returns depend far more on the City, sterling and global
11 books · Countries
The deepest capital markets in the world and the reserve currency, which means US credit cycles set the price of risk everywhere; returns here come fr
7 books · Countries
Well covered for a frontier market, because the collapse was slow enough to report and extreme enough to matter: price controls, expropriation, defaul
7 books · Countries
Better than its reputation. The doi moi reform literature is genuinely good, particularly Fforde and de Vylder's argument that reform was bottom-up im
9 books · Countries
Not a current market: a historical case study, and the one every investor reaches for when discussing monetary debasement. Included because the 1922-2
7 books · Countries
The canonical modern hyperinflation, and the reason to read Zimbabwe at all: property seizure, monetary financing, currency collapse and eventual doll