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THE ECONOMIC ARCHIVE

Demet Mutlu: Redefining E-Commerce and Driving Change

Demet Mutlu has redefined the e-commerce landscape in Turkey, turning her startup, Trendyol, into the country’s first decacorn and one of the most influential platforms in the Middle East and North Africa. Her entrepreneurial journey, marked by bold decisions and relentless focus, exemplifies the potential of innovation when combined with purpose.   Early Days and […]

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How Microsoft Helped Save Apple from Bankruptcy: The 1997 Investment That Changed the Tech World

In the mid-1990s, Apple was in a severe financial crisis. The company faced poor management decisions, a lack of innovation, and increasing competition, especially from Microsoft, whose Windows operating system dominated the personal computer market. Despite being fierce rivals, there was a time when Microsoft stepped in to prevent Apple from going bankrupt, marking a

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The First-Ever Virtual Meeting Took Place in 1916

On May 16, 1916, the American Institute of Electrical Engineers (AIEE) hosted what is recognized as the first virtual meeting, connecting over 5,000 attendees from eight cities across four U.S. time zones. This event marked a groundbreaking use of telephone technology, which had been recently expanded for long-distance communication. Using 150,000 telephone poles and 5,000

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How a Hollywood Icon Helped Invent the Technology Behind WiFi

When people think of Hollywood stars from the 1940s, they often envision glamorous icons known for their beauty and screen presence. But one such star, Hedy Lamarr, left a legacy that goes far beyond film. Lamarr was also a brilliant, self-taught inventor who developed a groundbreaking technology that laid the foundation for modern communication systems,

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Mary Barra: Breaking Barriers and Leading the Charge

Mary Teresa Barra’s journey to the top of one of the world’s largest automakers is nothing short of inspiring. She didn’t just rise through the ranks of General Motors (GM); she shattered expectations, defied stereotypes, and carved a path for women in an industry that was long dominated by men. Today, she stands as a

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A Gamble that Changed the Global Logistics Game

In the early 1970s, America’s roads and skies were filled with trucks and planes, but delivering a package overnight seemed impossible. The logistics industry was outdated, disorganized, and slow. No one—except for one man—could envision a faster future. That man was Frederick W. Smith, whose bold vision would change everything. But before the world would

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Navigating Challenges: Jack Ma’s Impact on Global E-Commerce

Ma Yun, widely known as Jack Ma, is the co-founder of Alibaba Group, an e-commerce platform that has transformed into a global technology powerhouse. With a degree in English from Hangzhou Normal University, Ma’s entrepreneurial journey began in 1994 when he established the Haibo Translation Agency, offering translation and interpretation services. Despite facing multiple rejections

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The Fascinating Origins of the board game Monopoly

Monopoly is widely recognized today as a game about capitalist domination and financial power, but its origin tells a different, more complex story of social justice, economic critique, and, eventually, misattribution. The journey of how Monopoly became one of the world’s most iconic board games intertwines with the story of a woman’s vision for fairness

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Adam Smith: The architect of modern economics

Adam Smith, often referred to as the “Father of Economics,” laid the foundation for classical economics with his groundbreaking ideas on free markets and the division of labor. His seminal work, The Wealth of Nations, published in 1776, not only redefined economic thinking in his time but also continues to influence global economic policies today.

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Gita Gopinath: The trailblazer transforming global economics

A Journey Rooted in Curiosity Gita Gopinath’s story begins in the bustling streets of Kolkata, India, where she was born in 1971 into a family that valued education. Her early academic achievements hinted at the brilliance to come. With an insatiable curiosity for understanding how the world’s economies operated, she pursued her passion for economics,

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