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Financial liberalization can make your economy more resilient if...

A new paper compares changes in financing by international banks to domestic banks after the 1998 Russian debt crisis. The author finds that financing increased to banks with international equity holders when compared with their purely domestic counterparts.

Financial liberalization can make you more resilient to global credit shocks, but only if you invite foreigners rather than just borrow their money.

Public Opinion and Authoritarian Regimes

Sina Odugbemi's picture

Is public opinion a force for good government or not? If recent events in Burma, Pakistan and Georgia show anything at all it is that public opinion is ultimately  the basis of power and legitimacy. Which is something several political philosophers have told us for over 200 years, but it is fascinating to watch these struggles unfold.

And it explains why authoritarian regimes are always keen to control public opinion by:

New micro and small business tax toolkit

Though most agree that taxes are important and necessary, the question: "how to best design them?" remains.

Rapid Response has added a SME tax toolkit with advice for policymakers on how to bring and keep small business in the formal economy.