Will Hickey

Currency wars are back on for many countries around the world.

Legal systems in the world’s wealthiest nations often do not understand the all- encompassing challenges confronting emerging economies. Those outside the Americas may not have paid much attention to the battle between Argentina and a few bondholders, but should take note: The legal tangle over Argentinian bonds provides a salutary lesson on the perils of a nation’s integration with a financial world in hyper-speed, where one wealthy individual can disrupt an entire country.

Amid the gloom over rising capital outflow and falling currencies, some emerging economies see a silver lining.

China, with trillions in U.S. dollar reserves and a voracious hunger for raw resources, hopes to entice Greenland’s 57,000 inhabitants.

Subsidies help lead to environmental pollution and distorted economies.

Currency wars are back on for many countries around the world.

Legal systems in the world’s wealthiest nations often do not understand the all- encompassing challenges confronting emerging economies. Those outside the Americas may not have paid much attention to the battle between Argentina and a few bondholders, but should take note: The legal tangle over Argentinian bonds provides a salutary lesson on the perils of a nation’s integration with a financial world in hyper-speed, where one wealthy individual can disrupt an entire country.

Amid the gloom over rising capital outflow and falling currencies, some emerging economies see a silver lining.

China, with trillions in U.S. dollar reserves and a voracious hunger for raw resources, hopes to entice Greenland’s 57,000 inhabitants.

Subsidies help lead to environmental pollution and distorted economies.