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Top News In வளர்ச்சி பொருளாதாரம் துறை Today - Breaking & Trending Today

A Short History Of Reckless Keynesian Economics


A Short History Of Reckless Keynesian Economics
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So what did politicians do?
Sadly, they gave us another tragic example of Mitchell’s Law. In response the damage caused by one set of bad policies, they adopted another set of bad government policies (in this case, the TARP bailout and Keynesian “stimulus” schemes).
But proponents of Keynesian economics never learn from their mistakes. They simply assert that their policies somehow would have worked if the government spent even more money and maintained profligacy over a longer period of time.
You may think I’m joking, but here’s another example of this phenomenon. According to a recent news report, a senior bureaucrat at the Organization for Economic Cooperation and Development says we can have more prosperity if politicians make government bigger – both today and tomorrow. ....

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Ease of doing business: China's rank drops as World Bank corrects 'irregularities', India unaffected


Ease of doing business: China’s rank drops as World Bank corrects ‘irregularities’, India unaffected
The ratings of United Arab Emirates and Saudi Arabia were also downgraded, while Azerbaijan saw an improvement.
The World Bank Group building in Washington.
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Daniel Slim/AFP
The World Bank has corrected two recent reports ranking countries on ease of doing business, based on an internal audit following officials’ allegations of “undue pressure” by management to alter ratings, Bloomberg reported on Friday.
The bank’s changes to its ease of doing business reports for 2018 and 2020 has resulted in change of scores for four countries, including China, which also saw its ranking slip in one of the reports due to the correction. ....

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World Bank Corrects Country Rankings After Probe of Altered Data


World Bank Corrects Country Rankings After Probe of Altered Data
Dec 18 2020, 3:56 PM
December 18 2020, 1:20 AM
December 18 2020, 3:56 PM
(Bloomberg) The World Bank corrected two recent reports ranking nations by ease of doing business, adjusting the scores for China and three other countries based on an internal audit following staffers’ allegations of “undue pressure” by management to alter ratings.
(Bloomberg) The World Bank corrected two recent reports ranking nations by ease of doing business, adjusting the scores for China and three other countries based on an internal audit following staffers’ allegations of “undue pressure” by management to alter ratings.
In the 2018 report released in October 2017, China should have been shown dropping seven places to 85th rather than remaining 78th, the lender said in a review released on Wednesday. Corrections to data for the 2020 report, released in October 2019, meant that Saud ....

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Ease of business ranking: World Bank staff pressured to 'manipulate' data - business news

Ease of business ranking: World Bank staff pressured to 'manipulate' data - business news
hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.

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World Bank Corrects Ease of Doing Business Ranking for China, Two Other Countries


World Bank Corrects Ease of Doing Business Ranking for China, Two Other Countries
A pedestrian walks on a riverside path near the Lujiazui financial district in Shanghai on Dec. 1. Photo: Bloomberg
(Bloomberg) The World Bank corrected two recent reports ranking nations by ease of doing business, adjusting the scores for China and three other countries based on an internal audit following staffers’ allegations of “undue pressure” by management to alter ratings.
In the 2018 report released in October 2017, China should have been shown dropping seven places to 85th rather than remaining 78th, the lender said in a review released on Wednesday. Corrections to data for the 2020 report, released in October 2019, meant that Saudi Arabia would not have been the top improving economy, while Azerbaijan would have moved up and been one of the top 10 improvers. ....

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