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:
In the latest issue of his magazine, Steve Forbes wonders why Mexico’s growth rate is such a disappointment. His answer: unnecessary and burdensome regulation.
The recent issue of the Economist continues their coverage of the importance of cellular phones for development (which we have highlighted before).
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.
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:
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: