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business environment

Fighting corruption: a series

Paul Onapa of Transparency International Uganda wants more focus on the supply of bribes - the private sector. No complaints here, but fans of Robert Klitgaard may recall his famous formula for corruption:

Corruption = monopoly - accountability + discretion

Local company moves production underseas

In an effort to revitalize the company after years of stagnant profits, BakeCo Inc., makers of Good Twist Pretzels and Fluffy Brand Cream Cakes, announced plans Monday to move their Newark-based production facility underseas.

This from the satirical magazine, The Onion. Of course, the new business environment is not without its hazards:

Remittances: a tool for reducing poverty

Remittances The poverty-reducing impact of remittances can be enhanced by policy changes in both the migrants’ countries of origin - mostly developing countries - and their new home countries.

Measuring indicators with impact

The Economist has a large and very interesting piece on the migration of World Bank thinking towards recognising that 'institutions' are important.

Part of the difficulty, as Dani Rodrik of Harvard University points out, is that typical measures capture institutional outcomes, not institutional forms. The “rule of law”, for example, measures how secure an investor feels about his property. It tells us little about precisely what makes him feel that way.

Red-tape makes UK restaurants better

Food2 In the latest issue of Forbes Richard Karlgaard lets us know that the word “entrepreneurs” comes from France. So perhaps fittingly the high levels of red-tape in France are to blame for the improved London dinning scene:

Enact PSD reforms, visit the White House

Vietnam’s PM met with Bush yesterday at the White House. The Wall Street Journal makes the point that this meeting would not have been possible if it weren’t for the success of Vietnam’s recent economic reforms. They praise the role of the private sector:


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