Although I do not agree with all the criteria used in the Doing Business, I see how it works for example in Russia, Russia might not being seen as the most entrepreneurial friendly place at this momen…
The open letter of support for Doing Business is signed by Michael Klein, Paul Collier, Simon Johnson, Daron Acemoglu, Graeme Wheeler. EconoMonitor reports:
I completely agree that there has been too much focus in the media on the financial and economic drivers of the crisis. And while responsibility falls upon all segments of Europe’s socio-economic fabric, the deeper underlying problems are, in fact, political. Given that, as you rightly point out, partial unions have little chance of survival, the issue of articulating Europe’s path becomes even more critical. Against the backdrop of Europe’s lack of able political leadership, commentators are right to question who would be up to that important task. The Nobel Peace Prize would hopefully serve as the catalyst that will bring to bear the duty that comes with it.
Thank you for your generous comments and insightful remarks.
I particularly agree with your focus on global connectedness and the clash between rising expectations and diminishing mobility – both are important issues that, unfortunately, I couldn’t properly tackle due to space constraints.
It is also true that China’s pragmatism has led it pursuing solutions in a different way, but perhaps it will be more accurate to label them as “old solutions, with Chinese characteristics,” the latter term being omnipresent in the formal Chinese socio-economic and political lexicon.
It is this very pragmatism that should prompt China to voluntarily strengthen the Rule of Law and move it up on the priority list among, as you mention, the many tasks facing the country.