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In Europe joblessness has grown fastest in places such as Spain and Ireland, where building booms have crashed, but has only begun to edge up elsewhere.
ECONOMIST: World economy: The jobs crisis | The
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Foreign carmakers are pouring into Russia, building new factories and refurbishing old ones, as demand for cars booms.
ECONOMIST: Russia��s economy and the World Trade Organisation
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But trouble is likely when current-account deficits balloon to potentially unsustainable levels, as in Thailand, when many investments are in unproductive prestige projects as the world's tallest building, being built in Malaysia, may be or when property booms and busts expose antiquated financial systems.
ECONOMIST: Malaysia��s misdiagnosis