- 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 […]
- Business Red Tape and the EconomyHow 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 […]
- The Macroeconomic Impacts of Industrial RegulationHow 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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