Amitabh Arora wants to know.
Is it interest groups - organized labor, employee unions at electricity boards - that wield political power disproportionate to their numbers and scuttle reform? Mancur Olson has rigorously analyzed the dynamics of collective action to explain why this happens. Mere public debate will not undermine these groups, and certainly not debate that bypasses the vernacular press.
Site Selection claims that massive infrastructure projects such as the Eurotunnel and the Three Gorges Dam are not one-shot events. They estimate that there are over 2000 global projects costing over a billion dollars. They choose and rank the top 20 of these – though admittedly with no clear methodology.
Vir Sanghvi, in the Hindustan Times, thinks competition works between newspapers as well as in other parts of the economy:
This according to Etienne Yehoue in his game theory approach to the role of clusters in attracting FDI. Some of his conclusions:
In a radical shift to its business model, Procter & Gamble is targeting ultra-low-cost products as developing markets are expected to fuel future growth:
Part of oil companies’ windfall profits should be used to cushion the impact of high oil import bills on African economies, the African Development Bank’s new president proposed on Monday.
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."