How does bribery affect public service delivery? That is the question that Daniel Kaufmann, Judit Montoriol-Garriga and Francesca Recanatini ask in their most recent paper:
Morgan Stanley Chief Economist Stephen Roach takes aim at Tom Friedman’s catch-phrase theory, arguing that the world economy, far from being flat, is really characterized by disparities and tension.
Globalization may well be win-win in the long run — but in the here and now, it is profoundly asymmetrical…
Some of you may have missed a nice profile of Ngozi Okonjo-Iweala in the Guardian a couple of weeks back.
"When I see vested interests still try to undermine me, I know it means I'm successful. When I manage to convince one person to change, I think this is why I'm here. The ability to change things is a powerful incentive."
IFC's GEM (Gender Entrepreneurship Markets) have released their quarterly newsletter, which includes IFC and World Bank news on female entrepreneurs, a profile of artist and entrepreneur Nella Kumafo, and links to resources and events.
We know that well-meaning regulations often damage people they were intended to protect. Strong prohibitions on firing workers, for example, make employers reluctant to hire, and particularly to take a chance on inexperienced workers.
Saddening to hear the news from India, then:
An early sign of wealth is that once-attractive jobs are left unfilled. Indian call-centres are said to be struggling to recruit, says The Economist: