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East Asia and Pacific

Global Competitiveness Report's new methodology

As you've probably noticed, the World Economic Forum's Global Competitiveness Report 2006-2007 is out. Am I the only one who finds the ‘stages of economic growth’ component of the new methodology to be a bit odd? From Chapter 1.1 (emphasis mine):

Mexico's favorable investment climate

Forbes publisher Rich Karlgaard thinks it's time to invest in Mexico. He cites its solid economic performance (3.5% growth this year), favorable demographics (lots of brand-new workers), consumer credit growth of 400% since 2000 (signaling a healthy middle class, and room to grow in the stock market (currently trading at just 37% of GDP).

Calling Tim Harford fans...

PSD Blog co-founder Tim Harford tells me that the Financial Times is now posting his columns, both Undercover Economist and Dear Economist, free of charge. You can also sign up for the RSS feed. Perhaps an action figure will be next?

Two weeks to go...

The Nobel Prize for Economics will be announced on October 9. Greg Mankiw prompted a lively discussion on possible winners when he linked to Thomson Scientific's predictions:

Why the defensive tone?

Milan Brahmbhatt's picture

After reading Michael's post about the Singapore Annual Meetings seminar on "Raising the Stakes: New Frontiers for the Private Sector in Development", I thought I'd share a series of troubling and probably perverse questions that crossed my mind at the same event.

New blogger: Milan Brahmbhatt

It is my pleasure to introduce Milan Brahmbhatt, PSD Blog's newest contributor. Milan is an analytical economist with a broad range of intellectual interests. He's currently a lead economist for the World Bank's East Asia and Pacific Region and editor of the twice yearly East Asia Regional Brief. He'll be sharing stories of private sector development in the region, plus broader commentary from his unique, generalist perspective.

An Indian technology legend speaks

If I put it in an extremely crude and simplistic form, organizations in the future will be like IKEA, the Scandinavian furniture retailer. It's a brand, it's a franchise, you don't know where the manufacturer is, you don't know who's designing the furniture, or who is motivating customers to want to buy these products, but there's a set of forces that are helping make this happen. Most corporations will take that position, whether they are in engineering or otherwise.