The concept of the fair market and protection for consumers is based on the idea that inefficient and corrupt practices by large private companies and wayward government officials increases the cost to the consumers and the public.
For both Russia and Brazil, though, it seems like corruption isn’t going anywhere anytime soon.
The January-February issue of Foreign Affairs magazine, which is published by the Council on Foreign Relations (CFR), presents a special package on the new “Up-and-Coming Markets” in the global economy. The six markets featured in this special issue are Mexico, South Kroea, Poland, Turkey, Philippines, and the Mekong region. The latter is a region in […]
High frequency trading (HFT) of securities has become a high-profile target on both sides of the Atlantic in recent weeks. On September 2, Italy began imposing a tax of 0.02 percent on many order changes and cancellations that occur within 0.5 seconds of the original order. Later that month, the managers of the world’s largest […]
Singapore is the easiest place in the world for small- and medium-sized domestic companies to do business, with Hong Kong and New Zealand trailing immediately behind, and Malaysia and South Korea rounding out the Asia-Pacific region’s representation in the top 10, according to a World Bank study released late last month. The institution’s “Doing […]
The United Nations Global Compact Says, “Yes, Indeed!” By John Paluszek Is “Business For Peace” a non-sequitur? Not at all, especially for all who participated in the United Nations Global Compact’s “Business For Peace” launch event during the Compact’s mid-September “2013 Leaders Summit” in New York City. The two-day Summit — with some 1,500 registrants and […]
As the Middle East continues to plunge in a multi-faceted and what appears to be an increasingly regional crisis, there are debates and even hope about the future of entrepreneurship in the region in the face of the Arab Spring. Corruption, the status of women, the Israeli Palestinian conflict, Iran’s nuclear program, and now the specter of […]
If a country had the most-restrictive regulations on foreign direct investment (FDI) of 55 nations studied, where do you think it would rank among those nations in terms of actually attracting investment from abroad? If you said “First,” you obviously would be flaunting conventional economic theory and engaging in highly counter-intuitive speculation. Further, […]
Sovereign wealth funds (SWFs) have made progress in improving their accountability and transparency over the last five years, but more can and should be done. That’s the assessment of Dr. Edwin M. (Ted) Truman, a senior fellow at the Peterson Institute for International Economics and former senior Treasury and Federal Reserve official. Truman’s pioneering […]
As old as Cortez and colonialism, the quest to satisfy modern appetites underlines economic scarcity and, increasingly, political instability. Mining in less-mature economies runs the same risks as its fossil fuel cousins. Over several days in late May, protestors in Kyrgyzstan cut off power to its Kumtor gold mine, vital to the country’s economy; they […]
As questions of economic inequality elbow their way from the classroom to the headlines of the evening news, the question of tax has become ever more prescient. It was also the topic of the latest installment of the Munk Debates. The simple question was put forward as “be it resolved: should the rich be taxed […]
Nicholas Whapshott’s 2011 book Keynes Hayek: The Clash That Defined Modern Economics, is a useful primer for those looking to understand the careers and philosophies of the two foundational economists. Perhaps its most striking insight is that neither seemed as absolute about the fact that his philosophy fit all times as the followers of both […]
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