Economic policies matter. All else being equal, lousy economic policies create lousy economies. Individually people all over the world have approximately the same natural endowments. What makes a difference is the nurture provided by the environment. And that environment is… Read More ›
Month: October 2003
ICT and Development ICT presents an opportunity for developing countries to make more efficient use of the available resources. However, ICT is neither necessary nor sufficient for economic development. The advanced industrialized countries were underdeveloped (by today’s standards) once upon… Read More ›
Economics concerns itself with one fundamental problem, that of allocating scarce resources efficiently and optimally.
From The Economist (9th Oct 2003) an article on the perceived corruption of countries. Finland remains the least-corrupt country in the world, according to the latest annual index compiled by Transparency International, a Berlin-based organisation. The index, which measures perceived… Read More ›