Health and pharma research financed privately by private corporations have the incentive of high returns on research that leads to successful drug development. However, public research on health is not as easily financed. It can be argued that public research on health exhibits public good characteristics, and requires a more active intervention to provide. I […]
Health and pharma research financed privately by private corporations have the incentive of high returns on research that leads to successful drug development. However, public research on health is not as easily financed. It can be argued that public research on health exhibits public good characteristics, and requires a more active intervention to provide. I came across an interesting initiative ...
so much commentary on BitCoin on the biz news channels. A bubble? Real alternative in e-commerce payments? Been around for a while for online gaming, but will it go mainstream with retail? Will have to wait and see where it goes in 2014. Here’s an interesting article in The Economist just released today - http://www.economist.com/news/technology-quarterly/21590766-virtual-currency-it-mathematically-elegant-increasingly-popular-and-highly ...
I’d used my razor blades for too long and were long overdue for replacing. Yesterday at the supermarket here I noticed something interesting about the pricing of razors that I hadn’t quite noticed or paid attention to before. Nothing groundbreaking, but it just got me thinking and I thought I’d share… Look at the picture which I captured at the ...
The Sri Lankan authorities, in the last few years, have firmly maintained their stance that they fully support the Sri Lankan private sector and believe it to be the economy’s ‘engine of growth’. The rhetoric hasn’t wavered, in the sense that the government has never shown signs of being systemically anti-capitalist (no, I haven’t forgotten the expropriations bill, though). Yet, ...
The Sri Lankan authorities, in the last few years, have firmly maintained their stance that they fully support the Sri Lankan private sector and believe it to be the economy’s ‘engine of growth’. The rhetoric hasn’t wavered, in the sense that the government has never shown signs of being systemically anti-capitalist (no, I haven’t forgotten the expropriations bill, though). Yet, ...
Soon after the ICC World Twenty20 last year I wrote this post about the economics of cricket, particularly major sporting events. The CHOGM 2013, one of the biggest and most high-profile events Sri Lanka has held since the Non-Alligned Movement Summit in 1976, made me think once again along similar lines – the economics of major international summits could be ...
Soon after the ICC World Twenty20 last year I wrote this post about the economics of cricket, particularly major sporting events. The CHOGM 2013, one of the biggest and most high-profile events Sri Lanka has held since the Non-Alligned Movement Summit in 1976, made me think once again along similar lines – the economics of major international summits could be ...
Soon after the ICC World Twenty20 last year I wrote this post about the economics of cricket, particularly major sporting events. The CHOGM 2013, one of the biggest and most high-profile events Sri Lanka has held since the Non-Alligned Movement Summit in 1976, made me think once again along similar lines – the economics of major international summits could be ...
Visiting Pohang Steel Corporation (POSCO) is truly a humbling experience. POSCO, started off as a fully State-owned Enterprise and later privatised, with no capital, no technology, and no experience in steel making. It was one of the many trailblazing industries established by visionary President Park, in the wake of the Korean War which decimated the country’s economy. POSCO is now ...
Visiting Pohang Steel Corporation (POSCO) is truly a humbling experience. POSCO, started off as a fully State-owned Enterprise and later privatised, with no capital, no technology, and no experience in steel making. It was one of the many trailblazing industries established by visionary President Park, in the wake of the Korean War which decimated the country’s economy. POSCO is now ...
In a time of heightened pressure on the country’s fiscal position, with competing priorities of government spending, and as the era concessional donor aid comes rapidly to an end, it is inexcusable for a Sri Lanka to flagrantly disregard good governance with regards to public expenditure. A petition filed by the CPA shows that this year too (it was highlighted ...
In an era of heightened pressure on the country’s fiscal position, with competing priorities of government spending, and as the free flow concessional donor aid comes rapidly to an end, it is inexcusable for a country to flagrantly disregard good governance with regards to public expenditure. A petition filed by the CPA this week shows that this year too (it ...
An interesting paper on Sovereign Wealth Funds or SWFs written by a friend of mine at the Federal Reserve Bank of Dallas. Definitely worth a read if you want a primer into SWFs, their characteristics, and contemporary performance and relevance. Sovereign Wealth Funds Allow Countries to Invest for More Than the Long Term http://www.dallasfed.org/research/eclett/2013/el1310.cfm As the authors note: “Unconstrained by ...
An interesting paper on Sovereign Wealth Funds or SWFs written by a friend of mine at the Federal Reserve Bank of Dallas. Definitely worth a read if you want a primer into SWFs, their characteristics, and contemporary performance and relevance. Sovereign Wealth Funds Allow Countries to Invest for More Than the Long Term http://www.dallasfed.org/research/eclett/2013/el1310.cfm As the authors note: “Unconstrained by ...
I gave up my Blackberry Curve over a year and a half ago, with much reluctance. But it had to be done. Blackberry as a device as we know it maybe history. But as a company? Maybe not. Even though we haven’t seen it shatteringly evident in its new phones, Blackberry’s innovative capacity is it’s biggest asset. Handset sales of ...
I gave up my Blackberry Curve over a year and a half ago, with much reluctance. But it had to be done. Blackberry as a device as we know it maybe history. But as a company? Maybe not. Even though we haven’t seen it shatteringly evident in its new phones, Blackberry’s innovative capacity is it’s biggest asset. Handset sales of ...
Was passing by this on the way to work this morning and remembered that this is a big week for Woori Bank and indeed the South Korean government. Way over a decade since the government had to bail out Woori in the aftermath of the Asian Financial Crisis, it is trying to divest it’s stake in the bank and recover tax-payer ...
Was passing by this on the way to work this morning and remembered that this is a big week for Woori Bank and indeed the South Korean government. Way over a decade since the government had to bail out Woori in the aftermath of the Asian Financial Crisis, it is trying to divest it’s stake in the bank and recover tax-payer ...
You may have an LG tv or an LG fridge, but did you know that LG’s initial bunch of products were actually toothpaste and facial cream? I’ve been learning about private sector development in Korea, and the stories are awe-inspiring. It’s interesting that two of South Korea’s biggest global brands started off making cosmetics. Both LG and Amore Pacific had ...
