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Economic Bridges Between the Koreas

South Korea is utilizing the economic advantages of Kaesong Industrial Park in North Korea.  Low wages, of course, is one of the major attractions for South Korean firms, but other incentives also seem to be in place. South Korean company presidents interviewed here predicted that their operations ...

Cheap Food in Venezuela

Food is cheap in Venezuela and some people even get it for free.  Its made possible through government established price controls.  Price controls were established a few years ago to safeguard the poor, but it seems that now they are achieving just the opposite - they are hurting, not helping th...

Informality in Guatemala: A Growing Problem

The National Economic Research Center (CIEN) released some initial findings of its CIPE sponsored informal sector project this past week. According to their research, 75% of the economically active population in Guatemala is employed in the informal sector. This makes Guatemala the country with the ...

From Gang Members to Business Owners?

Did the title catch your eye?  Is it possible to turn the source of social unrest and instability into business people who contribute to the development of their countries, not stifle private enterprise?  See a full story via the PSD Blog....

The War on Poverty…in Africa

Kurt Hoffman of the Shell Foundation shares his views on combating poverty, leaving a place for charity as an important part of addressing immediate needs but putting emphasis on economic growth as an ultimate solution. Charity can undoubtedly be used to relieve suffering, educate children, provide ...

Management Quality and Productivity

A new study from McKinsey confirms the "common assumption" that management matters - well managed companies outperform their poorly managed competitors. We found a solid link between how well managers adopt proven best practices—such as lean-production methods on the shop floor and techniques for ...

Controlling the Internet

It is no secret that the Chinese government exerts heavy control over the Internet.  But if you think the government shuts down/controls access to only pro-market liberal websites, think again.  Apparently, the government has also shut down websites that are critical of free market reforms: China...

China Discriminating Against Russia?

A Russian Minister of Agriculture thinks China is discriminating against Russia: "I believe China is pursuing a discriminatory policy against Russia," Gordeev said, quoted by the Itar-Tass agency. He explained that "currently China is importing some 6-7 million tons of grain annually, but Russia is ...

Can We Interest You in Yet Another New Iraq Strategy?

Just today another deadly car bomb was set off at a marketplace in the suburbs of Baghdad, demonstrating the extremely difficult obstacles affecting the reconstruction of Iraq and its economy. Last week, the Brookings Institution's Saban Center for Middle East Policy released its latest report on I...

Message in a Bottle

Some stories cry out to be told, even if they may not be told fully. Imagine sitting in a cell, shackled by a totalitarian regime because your political beliefs are strong enough to pose a real threat.  The food is nothing to write home about – but the intellectual fodder is another story. Your...
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