Category Archives: Economic Development

New Technologies, Automation and the Future

Introduction In recent postings, I have joined many others in speculating on what effects the information revolution will have. Already, its impact has been tremendous. Its effects include: The elimination of a huge number of jobs lost in both service … Continue reading

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The Most Important Take-Away from the US Election

Introduction Much will be written about the bitter US election pitting two unpopular candidates against one another.  In my view, who won is of secondary significance. For the most part, lobbies control most of what happens in DC: the US … Continue reading

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Global Communications and — The Net Neutrality Debate

Introduction We have recently heard a lot about “net neutrality” and what the FCC will do next. The issue is important. But to understand it, some background on how information was and now is transferred globally is in order. How … Continue reading

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Argentina: A Partial Defense of the Lady

Introduction A couple of weeks back, an American friend living in Buenos Aires asked me: “Have you been following this crazy woman? I would love to hear your take on her.” In what follows, I offer a little background on … Continue reading

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From Stimulus to Austerity – What Role for Taxes?

Introduction In arguably the greatest book ever written on public finance[1], Richard Musgrave pointed out that there are three primary government functions: allocation, stabilization, and income re-distribution. Allocation – if market prices do not reflect all costs and benefits, government … Continue reading

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Where To Invest In Asia: Perhaps The Philippines? Part One

Introduction In late February, I was contacted by Mr. Agutaya, a Philippine Certified Public Accountant. He asked via e-mail what I thought of investing in The Philippines. It reminded me that in Asia, most Western attention has focused on China, … Continue reading

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Obama’s Biggest Economic Mistakes

Introduction Nobody is happy about the performance of the US economy and in particular, the lack of job creation. Obama is taking much of the blame, and there is no point in just “piling on”. However, it is worth highlighting … Continue reading

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Brazil: Effects of Global Recession and Future Prospects

In recent postings, I have commented on the difference between the growth prospects of developed and emerging market economies. I have noted the remarkable recovery in Latin American stock markets relative to the rest of the world. Over the next … Continue reading

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Argentina: Effects of Global Recession and Future Prospects

In recent postings, I have commented on the difference between the growth prospects of developed and emerging market economies. I have also noted the remarkable recovery in Latin American stock markets relative to the rest of the world. I am … Continue reading

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Chile: Effects of Global Recession and Future Prospects

In recent postings, I have commented on the difference between the growth prospects of developed and emerging market economies. I have also noted the remarkable recovery in Latin American stock markets relative to the rest of the world. Over the … Continue reading

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