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Do casinos produce anything valuable?

Ryan Hahn's picture

"Are markets simply casinos for betting?" Asli recently asked this question on the All About Finance blog. She argues that financial markets do a lot more than that, and I agree. But there are some markets that come very close to being casinos. Surprisingly, in the wake of the financial crisis, the U.S.

A technical update

Ryan Hahn's picture

Some readers have complained in the past that they have gotten error messages when trying to submit comments to the blog. We've put in a request with our software provider to look into the problem, but in the meantime, please send an email to rru@worldbank.org if you encounter a problem. We'll be happy to post the comment for you (and we'd also like to know how frequently the problem is cropping up).

Bureaucrats into bankers?

Ryan Hahn's picture

The World Bank's new chief economist for Financial and Private Sector Development, Asli Demirgüç-Kunt, has entered the blogosphere with the new All About Finance blog. In her first post, Asli considers whether the financial crisis ought to make us consider turning bureaucrats into bankers. She responds with a resounding "no"!

Get Ready to Change the World!

Saadia Iqbal's picture

Muster all your creativity and innovation, because now is your chance to solve real-world issues like hunger, poverty, disease, conflict and climate change. Get ready to play EVOKE.

EVOKE
is a new game brought out by the World Bank Institute. It empowers you— young people all over the world—to plunge right into the challenge and look for creative solutions. 

It's a robbery - SMEs and crime

Crime against businesses disproportionately impacts SMEs. Nearly 80 percent of firms affected by a major accident and without a proper contingency plan cease to exist within two years.

In the UK alone, where break-ins and burglaries are the two most common crimes, the economy loses an estimated £19 billion - approximately £5000 per business.


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