Wenzhou: Spearhead of Financial Sector Liberalization in China?
Wednesday, 18 July 2012 17:49
By Carsten Herrmann-Pillath and Feng Xingyuan
The coastal city Wenzhou is a barometer for the economic development of the coastal area. The recent financial crisis in this manufacturing city reflects the looming crisis of the traditional manufacturing sector of the coastal area of China. While it is a big challenge for many domestic SMEs to survive in their industrial upgrade or transformation and remain competitive, it is the same for foreign enterprises to seize this opportunity and take over the corresponding market segment. German companies have kept almost intact in this crisis. They can further expect to benefit from the exports of their machines and equipment from Germany to China’s coastal area suffering from this painful industrial update or transformation.
Lives in Transition… THE POWER OF ECONOMIC FREEDOM: A New National Public Television Documentary for U.S. Television
Wednesday, 04 July 2012 13:51
Free To Choose Network, in collaboration with the Fraser Institute, will produceand distributea one hour U.S. public television special highlighting Fraser’s Economic Freedom of the World Report. This annual report uses 42 distinct pieces of data to measure economic freedom in 141 nations, but it’s the power of what we learn from this list that is transformative. Economic freedom promotes prosperity and positive outcomes, and is the foundation for democratic development. This message will come to life as we visit various people from countries on this list, learning of their lives, their triumphs and hopes for the future – all made possible by the economic freedom they experience.
Remembering a great advocate for freedom – Dr. Elinor Ostrom
Thursday, 21 June 2012 14:56
On June 12th, the world mourned the loss of Dr. Elinor Ostrom. Recipient of the 2009 Nobel Prize in Economic Science, Dr. Ostrom set a blazing trail for other women and academics, as evidenced by her long list of publications and awards (among other accolades).
EFN Asia annual conferences are sponsored by the Friedrich Naumann Foundation for Liberty (FNF). My first exposure to EFN conferences was in 2004, also held in Hong Kong. When we formed Minimal Government in early 2004 -- not yet as a think tank, more of a small political movement for liberty and free market -- I have not met any free marketer yet outside of the Philippines, nor did I have any idea that there were existing regional and international network for free market.