Asked about the location of the next financial crisis, many economists and analysts point to emerging Europe, i.e. the countries east of Germany that have experienced rapid credit growth and increasing macroeconomic imbalances.
A recent paper suggests that risks are more likely to arise from macroeconomic imbalances rather than from bank fragility. But supervisors, do not relax and better be ready!
How did Eastern Europe overtake East Asia? In a four-minute video interview, Michael Klein, World Bank-IFC Vice President for Financial and Private Sector Development, explains why countries that didn't make it to the top of the Doing Business 2008 report don't have to despair.
By the way, did you know that Estonia and Poland have as many registered businesses per capital as Hong Kong? The same holds for Georgia and Malaysia.
At 00:01 GMT, the World Bank released its annual ranking of the ease of doing business in 178 economies.
Ahead of Paris Fashion Week, Washington, DC will have its own ethical fashion show this Thursday. The organizers hope to draw public attention to the final product but also to those who made it and the raw materials used.
But why does fashion matter? The textile and apparel industries represent 10 percent of global trade with the developing world, and clothing imports to the U.S. account for 90 percent of the its $60 billion market.
What drives entrepreneurship across countries? What is the effect of entrepreneurship on economic development? Important questions, but up to now little data to answer them.