Dominic Wilson and Roopa Purushothaman of Goldman Sachs dream about where the economies of the BRICS (Brazil, Russia, India, China) will be in 2050. Some projections:
For any aspiring entrepreneur, the challenges in rebuilding [Afghanistan's] society are many. Three decades of war destroyed Afghanistan’s infrastructure, ravaging the country’s roads and power grid. Security concerns make some regions difficult to reach. And skilled labour is in short supply, meaning companies such as Ms Nawabi’s often struggle to find enough workers. Most of the time they have to import skilled labour from neighbouring Iran or Pakistan. Capital, like electricity, is limited and expensive.
The BBC reports:
Today Muslims across the world are celebrating Eid al-Adha, the Islamic day of sacrifice. Every Muslim who is rich enough is supposed to donate an animal to be slaughtered, and the meat is donated to the poor. Sourcing the ideal beast can be time-consuming, but in Indonesia help is at hand. There is now an easy alternative - you can buy an animal at your nearest ATM machine.
Jessica Einhorn, the former World Bank Managing Director, comments on the future of the World Bank Group.
The Austrian Economists point us to this paper by Frederic Sautet on ‘The Role of Institutions in Entrepreneurship: Implications for Development Policy.’
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: