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September – October 2012


World Economy
Why Transfer Pricing is Key to Decision Making and Strategic Reviews
Les Secular

Asset Price Bubbles: Lessons From The Recent Financial Crisis
Douglas Evanoff, George Kaufman & Anastasios G. Malliaris

Dividends – Everything you know is wrong!
David Hogarty


America
Fiscal Child Abuse American Style
Laurence Kotlikoff & Scott Burns


India
India’s Luxury – A Tale of Paradoxes

Glyn Atwal & Soumya Jain

 

Europe
The Crisis in the Eurozone

Justin Yifu Lin & Volker Treichel

 

Middle East
The Educated Middle Class, their Economic Prospects, and the Arab Spring
Filipe R. Campante & Davin Chor


Keynes, Kant and Capital Flows

By Oliver Bush

This is an abridged and altered version of Bush, O, Farrant, K and Wright, M (2011), ‘Reform of the International Monetary and Financial System’, Bank of England Financial Stability Paper no. 13.

Is Venture Capital In Crisis?

By Douglas Cumming & Sofia Johan

The recent financial crisis cannot totally be blamed for the marked drops in venture capital fundraising, reduced venture investment and the hindrance of successful exits around the world, but it may have exacerbated the existing problems.  Poor returns over the past decade indicate most fund managers do not earn their fees, and investors have been increasingly wary of taking on added risk without getting the reward.  Structural changes are inevitable to the venture capital marketplace to preserve an essential source of funding for nascent high-growth companies.

Can We Afford to Live Longer in Better Health?

By Frank Pellikaan & Ed Westerhout

Rising longevity, low fertility and declining disability have serious implications for public finances. Although alternative assumptions on longevity and disability may alleviate or increase the pressure on public finances, public finances will become unsustainable if policy reforms fail to occur.

Sino-Russian relations: More rhetoric than substance?

By Robert Bedeski & Niklas Swanström

Despite some re-engagement between China and Russia since Putin’s initial embrace of the West, the positive rhetoric of today often does not reflect reality. There has been significant internal competition and tension that continues to negatively affect Sino-Russian relations that is looked at more closely in the article. The vivid statements on the flourishing partnership are often clearly more declaratory than substantive.

Google versus the Law

By Tatiana-Eleni Synodinou

Google’s legal adventures in Europe are constantly demonstrating that Google is pushing the boundaries of European information law to their outer limits. The conflicting interaction of Google’s business methods and of European legal norms is a major challenge both for the revision of Google’s business tactics and for the evolution of law in a way that takes into account emerging innovative technologies and practices. In this context, it is important to examine how the fundamental dogma of the free flow of information and the principle of automated neutral data-processing, which both are defended and applied by Google, have been tested before the European jurisdictions in the light of copyright law, trademark law, data protection and personality rights.

How the United States Can Improve Energy and Climate Policies

By Daniel C. Esty & Steve Charnovitz

Energy policy needs to be part of a multi-prong, market-oriented competitiveness strategy. Proper price signals could internalize of the costs of greenhouse gas emissions, drive innovation, and create the foundation for an expanded clean energy marketplace.

Twitter, the ‘Snoopers Charter’ and Online Privacy

By Paul Reilly

Has the Internet, and micro-blogging site Twitter in particular, killed privacy? Well, not quite.

Sofitel So Mauritius

A Timeless Luxurious Experience


In the heart of the Indian Ocean, imagine a fragrant Eden on the shores of the Indian Ocean. Imagine a luxuriant garden of flowering hibiscus, paradise of exotic colorful birds. Mauritius has preserved its natural treasures and offers an unforgettable experience at a cultural crossroads.

Do You Own The Decisive Moment of Truth With Your Customers?

By Craig Pumfrey

In every customer interaction is a moment of truth, a point when they will decide to take a course of action that will have either a positive or negative impact on the business. It is possible to own this moment and increase the number of positive outcomes. However, far too many organisations fail to adequately prepare themselves for this moment and are blind to the signals of intent the customer is providing.

EDITOR'S PICK OF THE WEEK

China economic growth

China’s Challenging Search for a New Model of Economic Growth

By Danny Leipziger China cannot continue to rely on exports to drive its growth, but what are the alternatives? China ran a $1.2 trillion trade surplus last year, and despite admonitions from the IMF to rely...

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