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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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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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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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Otaviano Canuto, World Bank Group: China, Brazil – Two Tales of a Growth Slowdown
China and Brazil are both facing a growth slowdown, as compared to the period prior to the global financial crisis. They were both able to respond with aggressive anti-cyclical policies to the post-Lehman quasi-collapse of the global economy. In both
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Female Head of Petrobras is the ‘Inside Outsider’
As the first female CEO of a major global oil company appointed by Brazil’s first female president, there has been much interest in Maria das Graças Silva Foster. But her acquired role at Petrobras should have come as no surprise.
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Revenue Watch: 4 out of 5 Companies Fail in Good Governance
The Resource Governance Index (RGI) measures the quality of governance in the oil, gas and mining sector of 58 countries. From highly ranked countries like Norway, the United Kingdom and Brazil to lowranking countries like Qatar, Turkmenistan and Myanmar, the
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Otaviano Canuto, World Bank Group: Fiscal Policy Redux
As part of their response to negative shocks coming from advanced economies after the Lehman Brothers’ collapse in 2008, most developing countries resorted to countercyclical fiscal policy. Such a policy choice was available to many developing economies that entered the
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Expo 2020: Selecting the Host City
Brazil, Russia, Thailand, Turkey, and the United Arab Emirates have all officially bid to host Expo 2020 by the 02 November 2011 deadline. A decision will be made the the BIE General Assembly in 2013. Expo 2020 will likely represent
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Dieck-Assad, Academic at the Heart of Government
Dr. Maria de Lourdes Dieck-Assad is the rector of EGADE, one of Latin America’s leading business schools. It is always worth taking note when business school leaders spend a significant part of their career outside academia. In Dr. Dieck-Assad’s case
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Vladimir Putin Talks About BRICS
BRICS’ relatively new phenomenon attracts increased global attention due to the optimistic predictions about its development, especially against the backdrop of global crisis developments in the world economy. What is BRICS’ immediate and long-term significance for Russia? Is such a
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