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Moving into Pakistan Big Time: China to Invest Serious Money
China has the money and is not afraid to invest it in Pakistan. The Chinese Water & Electric Corporation (CWE) is set to disburse some $6bn over the next five years in Pakistan’s energy sector in a bid to help
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A Flash in the Pan Fizzles Out: The Downfall of a Brazilian Tycoon
Playing the markets and getting at the mega-bucks with financial wizardry does not a businessman make: Brazil’s flamboyant Eike Batista – erstwhile owner of the world’s seventh largest fortune – has fallen off his perch in the most spectacular of
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Christopher Colford, World Bank: Competitive Cities Can Meet the Challenge of Job Creation
Focusing policies on competitive industries can provide jobs for the impoverished, hungry, restive urban millions As magnets for talent and crucibles of creativity, dynamic cities are the pacesetters for innovation in this era of relentless global competition. Vibrant metropolitan regions
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IFC – International Finance Corporation: Eliminating Poverty, One Loan at a Time
The famed Peruvian economist Hernando de Soto has said it all along: The world’s destitute are oftentimes somewhat less poor than they think. It’s just that untold millions are toiling away in the informal economy and as such remain under
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Bangladesh: Steadily Moving Up without Beating the Drum
Skipping the usual ado and almost silently, Bangladesh is moving up the ladder and surpassing its local peers in a number of key areas such as health and education. During the past decade, the country has managed to greatly improve
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Ernst & Young, Argentina: Trusts, Tax Evasion and Money Laundering
By Horacio López Tax division partner at Ernst & Young Argentina On June 30, 2013, it will be a year since General Resolution No. 3312 became effective, and in July it will expire once again, this time for 2012. This
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Indian Rupee Looking for a Line in the Sand
Earlier this week, Indian Finance Minister Palaniappan Chidambaram unveiled a comprehensive – and long-awaited – plan to improve the country’s crumbling infrastructure by reviving no less than 36 stalled projects. The government has earmarked over $28bn (€21.2bn, £17.7bn) to finance
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Corruption as the Scourge of Development: The Case of Venezuela
Corruption is the scourge of development. From outright stealing and cooking the books to kickbacks and price-fixing; corruption permeates some societies, stifles their growth and denies untold millions a measure of prosperity. A case in point is Venezuela where billions
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Complimentary Currencies: Development Tool on Trial in Kenya
The Central Bank of Kenya has asked the public prosecutor to charge American economist and former Peace Corps volunteer Will Ruddick with forgery. Earlier this year Mr Ruddick and five others were duly arrested by police and thrown in jail.
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Shareholder Value: Outdated and an Obstacle to Corporate Success
The pursuit of increased shareholder value is much overrated, may hurt corporations and is certainly not the legal requirement some CEOs hold it to be. In her book The Shareholder Value Myth, legal scholar Lynn Stout of the Clarke Law
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