Image: Vegetables. Stock Photo. Pixabay.com
Like savvy business tycoons, leaders in the former Soviet Union who use their positions to grab much of their countries’ economic wealth know the importance of diversification.
That’s why the portfolio of the typical dictator in the region includes a number of industries. Energy, banking, communications, media, retailing, real estate and construction are almost always represented. Manufacturing and technology also show up.
The reason for diversification, of course, is that if one industry’s profits are down, a dictator can maintain his well-heeled lifestyle with the profits of industries having good years.
In addition to industries with profits that can …read more
Source: The Huffington Post
