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Janamitra Devan: The Innovation Imperative
Overcoming the Myths and Recognizing the Realities of Innovation, Job Creation and Prosperity By Janamitra Devan Innovation drives competitiveness, and maximizing competitiveness is indispensable to achieving sustainable job creation. Any economy with a weak innovation capacity will see its competitiveness
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Hitting the Middle Classes by Taxing the Rich
The Paradox of Taxation The latest tax figures from Britain make interesting reading. Her Majesty’s Revenue and Customs reported a 60% fall in the number of taxpayers declaring an income of over £1 million a year during the 2010-2011 tax
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What has the Internet Done for the Economy?
The puzzling spread of the commercial Internet could explain wage inequalities. By Virginia Hughes. Based on the research of Christopher Forman, Avi Goldfarb and Shane Greenstein. It is hard to overstate how much the business world relies on the Internet. Powerhouse
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IMF | Gulf Cooperation Council: Economic Prospects and Policy Challenges for the GCC Countries
Executive Summary The already sluggish global recovery has suffered new setbacks and uncertainty weighs heavily on prospects. The euro area crisis intensified in the first half of 2012 and growth has slowed across the globe, reflecting financial market tensions, extensive
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Rwanda’s Largest Bank Strengthens Its Position
Global Credit Rating Co Upgrades Bank of Kigali’s Long Term Rating of A+ to AA- and reaffirms the Short Term Rating of A1. On October 25th, Bank of Kigali, the largest bank in Rwanda by market share of total assets,
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Pier Carlo Padoan, OECD: A New Era for the Euro Area
The euro area is entering a new era. The importance of [approval by the German constitutional court of the European Stability Mechanism (ESM)] and the European Central Bank’s (ECB) new Outright Monetary Transactions (OMT) programme set out recently cannot be
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Azerbaijan FDI
Azerbaijan is a country with wide range of investment opportunities and is undoubtedly one of the most attractive destinations for foreign direct investments (FDI) in the region. There are good opportunities for the development in the following sectors: Agriculture and
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M&A in Emerging Countries – Tax Risks and Opportunities
The Importance of Taxes in M&A Processes Companies are focusing more and more on the tax aspects of M&A. This focus is partly because tax authorities are scrutinizing transactions more closely than ever before. But this increase concentration is also
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IFC: Banking On Women – Changing the Face of the Global Economy
Women entrepreneurs are changing the face of the global economy, helping to sustain job creation and economic growth. While investors are increasingly looking to the BRICs and beyond for growth opportunities, the fact is that women represent the largest emerging
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Panama – A Tax Friendly Environment for Foreign Investors
By Luis E. Ocando Bustamante, International Tax Partner of Ernst & Young, Panama, Central America, and Dominican Republic. The economic boom of Panama [1] has been accompanied by changes in its tax system, making Panama more attractive for foreign investors, especially for multinational
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