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November 2006

Shan vs. the World Bank

Ignacio Hernandez's picture

Weijian Shan recently ignited a debate over the profitability of Chinese companies with his essay in the Far Eastern Economic Review “The World Bank’s China Delusion”, which had a reply in World Bank economists Bert Hofman and Louis Kuijs’ “Profits Drive China's Boom."

 

 

FEER’s blog told the full story.

 

Kremlin Inc.?

There is a strong lobby within the [Russian] government to subject all foreign investors seeking minority stakes in certain industries to an approval process controlled by the FSB, the domestic successor of the KGB.

A little scary. From a WashPost story on renationalization, Russian-style.

Are states indispensable to markets?

In our informality debate, Keith Hart and others have been vigorously taking me to task for arguing that states are 'indispensable for making markets work on a large scale.' Keith rightly points out that a lot of international market standards are privately enforced and work reasonably well. Chanayka says that regulatory evasion may be efficient when states are predatory rather than enabling.

The true environmental cost

The concept of ecotaxes on imported products resurfaced at the UN Climate Change Conference in Nairobi. Nelly Olin, French Minister for Environment, announced that France would apply a carbon tax on industrial products imported from non-signatory countries to the Kyoto Protocol… after 2012.

Oxfam: still against user fees

According to William Kramer at NextBillion, Oxfam continues to bash private sector approaches to development:

As I read this report, the private sector is seen as the enemy at worst and a wild beast to be caged at best, the profit motive as antithetical to welfare, and more aid as the solution.


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