From 1989-2003 civil war raged in Liberia, causing GDP per capita to drop an unprecedented 90 percent from peak to trough. The roots of Liberia's conflict and economic decline are complex and intertwined, resting on over a century of discriminatory elite rule and twisted by ethnic politics...

This case was co-authored with Columbia Business School.In June 2007, the offices of Russian hedge fund Hermitage Capital were raided by Moscow police; in the months that followed, Hermitage founder Bill Browder found himself banned from Russia and fending off efforts to expropriate the fund's...