The PSD Blog is going on an end-of-summer hiatus for the next two weeks. While we're away, check out our most popular posts from August if you missed them while at the beach:
2. The World Bank talks about failure (with a little help from a Google transplant)
3. Which country has the second highest number of gyms in the world (after the US)? (Hint: It belongs to the BRICs.)
Over the last decade or so, the World Bank has made considerable investments in carrying out firm-level surveys that can be compared across countries and over time. What have we learned from all of this? Most obviously, we confirmed our suspicions that reforming the business environment, e.g. by reducing the barriers to entry, can boost productivity.
That was the advice George Soros had for U.S. regulators at the conclusion of a keynote he gave last week as part of the Tenth Annual International Seminar on Policy Challenges for the Financial Sector.