Many emerging economies employ fuel subsidies that keep domestic fuel prices far below the world price. As a result, these countries consume far more fuel than they would otherwise, says Robert H. Frank, an economist at the Johnson School of Management at Cornell University.
By one estimate, countries with fuel
Capital account liberalisation in developing countries is said to reduce the cost of capital, temporarily increase investment and permanently raise the level of gross domestic product (GDP) per capita. But critics claim that liberalisation brings few benefits and high costs, and since the restrictions on capital flows have been lifted,
Health care has long seemed one of the most local of all industries. Yet beneath the bandages, globalisation is thriving. The outsourcing of record keeping and the reading of X-rays is already a multi-billion-dollar business. The recruitment of doctors and nurses from the developing world by rich countries is also
US Democratic party presidential nominee Barack Obama wants to sharply increase Social Security taxes on upper-income earners, righteously declaring that “the rich can afford it.” However, the economy can’t, says Steve Forbes, editor-in-chief of Forbes magazine.
According to Forbes:
Raising the highest federal tax take on income to over 50 per
Consumers are demanding a much greater role in decisions involving their health care, says Grace-Marie Turner, president of the Galen Institute.
For the past six years, the U.S. health care sector has been moving toward more market-based solutions, introducing patient choice and competition into a system that has largely been dominated
