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What to Know About Doing Business in Iran

Harvard Business Review

Compared to most oil-rich countries in the Middle East, Iran has a diversified economy, its tourism sector is on the verge of a major windfall, and threats to its political stability are in decline. While the oil and gas sector gets the most attention, Iran’s diversified economy is attracting companies across industries.

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Will Greece Exit the Euro?

Harvard Business Review

Europe's crisis management hasn't looked much better. The devalued drachma might help somewhat by making exported goods and services cheaper, but this may take some time to filter through as Greece's biggest industries are tourism and shipping (15% and 5% of GDP, respectively), which are themselves quite cyclical.

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Why President Kagame Runs Rwanda Like a Business

Harvard Business Review

It describes the country''s successful efforts to build what Porter long ago dubbed "clusters," concentrations of industry and expertise that enable it to build competitive advantage. So far, Rwanda''s three big clusters are coffee, tea, and tourism, but Porter is convinced there are more to come. What are the bottlenecks?

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The Real Challenge to Turkey’s Economy Isn’t Terrorism

Harvard Business Review

It covers roughly 70% of Turkey’s GDP. But it does help explain how the country has so far managed to insulate its economy. Terrorism impacts tourism, but not for as long as you might think. The country is suffering from a substantial decline in tourism ( down 23% compared to the first five months of 2015 ).