“When other states were on building and borrowing binges, Louisiana sat on the sidelines,” says The Economist in its latest edition. “Because the state’s financial sector is small, the market crash in September 2008 was not catastrophic.” The magazine goes on to say that while timber and paper mills are struggling with the housing collapse, bright spots in the state’s economy include chemical-maker Albemarle’s decision to move its headquarters from Virginia to Baton Rouge and Electronic Arts’ decision to open a local game-testing center. To read the full article on Louisiana’s tenacious economy, click here.
The Economist turns lens on Louisiana
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