Incomplete Contracts News Today

Rough estimate calculated based on average payments, on the assumption of all collections being purely land related. By A Correspondent | An intensive three-year investigation has uncovered a massive financial scandal involving a UK nurse, Sithule Tshuma, who is accused of diverting a staggering $25 million from investors under the guise of purchasing agricultural land…

By A Correspondent | An intensive three-year investigation has uncovered a massive financial scandal involving a UK nurse, Sithule Tshuma, who is accused of diverting a staggering $25 million from investors under the guise of purchasing agricultural land in Zimbabwe. The investigation has exposed a complex web of deception and fraudulent practices, leaving numerous investors…

The World Bank permanently suspended its Doing Business project earlier this month. This column argues that the suspension puts an end to a very useful data-collection exercise that went astray by focusing on rankings and political publicity. Beyond specific conflicts of interest within the World Bank, the demise of Doing Business reaffirms Goodhart’s Law that when an index