Why did countries with a better business environment control COVID19 better?

By Eric ThomsonHong Kong during COVID19. Photo by Elton Yung on Unsplash Jacinda Ardern has been widely praised for her swift COVID19 response that has made New Zealand a poster child for tackling the virus. Now, New Zealand’s economy is set for a quicker rebound than most other Western countries, who continue to grapple – often unsuccessfully with […]

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Business Red Tape and the Economy

How much does bureaucracy hurt incomes? A lot. <p class="has-drop-cap" value="<amp-fit-text layout="fixed-height" min-font-size="6" max-font-size="72" height="80">Since 2006, the World Bank has compiled the Ease of Doing Business Index – a measure of a country's regulatory burden across 12 critical areas of running a company that affect virtually all businesses, regardless of sector.Since 2006, the World Bank […]

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The Macroeconomic Impacts of Industrial Regulation

How can governments analyse the broader economic effects of proposed regulations in an interconnected economy? Governments change hundreds if not thousands of regulations and laws every year, ostensibly to protect citizens’ health and safety and to assure the proper functioning of free markets. These regulations are only effective with compliance, which necessarily means that businesses […]

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Monitoring and Evaluation: Bad Indicators lead to Bad Policy Making

Justin Peters over at Slate asks a very good question, “Will Arresting People Who Aren’t Very Drunk Reduce Drunk-Driving Fatalities?“. In regulation development, if a previous restricting policy policy did little to meet the policy objective, it makes little sense to make an even stricter policy. A stricter policy will just create more costs or […]

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Road to Ruin: Tesla vs. Auto Dealers

Tesla Motors, the famed electric vehicle startup from billionaire Elon Musk, is feeling the full brunt of auto dealers associations wielding antiquated regulations. On March 11th, the state of New Jersey, facing complaints from the New Jersey Auto Dealers Association, banned Tesla from selling its electric cars directly over the internet from the factory to […]

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