Well that's not true; but it is curious that the countries that have had the biggest growth in trade have also been the most protectionist.
France is campaigning to cut government red tape by using the name of writer Franz Kafka, who gave rise to the term Kafkaesque because of his portrayal of absurd, surreal and often frightening bureaucracies. The government has introduced what officials call a "Kafka" scale of one to 100 on how many forms, letters, phone calls and other steps are needed for companies and individuals to win state permits or aid for a project.
Lawrence Summers, president of Harvard University, delivered a few weeks ago a speech on Global Account Imbalances and Emerging Markets Reserve Accumulation, at the Reserve Bank of India.
- Macroeconomic Management
Corruption - the theft of public resources for private gain – imposes large costs on businesses and society. The first type of costs is redistributive. Redistribution costs are incurred whenever business or individuals with more financial or political power abuse their privileged position to gain contracts or services (including regulatory services) at the expense of their competitors. The second type is a welfare cost to the overall economy as a result of corruption, making everyone worse off.
Moises Naim argues that fighting poverty needs to me a more important priority than reducing inequality - despite political pressures to the contrary.