efn Asia
China Competition Bulletin 16 December 2011 PDF Print E-mail
Saturday, 24 December 2011 15:27

The China Competition Bulletin summarises the latest developments of competition and regulatory policy in the People's Republic of China, covering laws and policies, cases, agency and other relevant news and selected publications. In this volume, there are a report of the progress of the ongoing anti-monopoly investigation of China Telecom and China Unicom and the conditional clearance of the Seagate/Samsung deal by China's Ministry of Commerce (MOFCOM). More detailed of these issues are inside the volume and also many other interesting news and updates.

The 300 baht minimum wage What has happened, what needs to happen PDF Print E-mail
Friday, 13 March 2015 16:14

The past ten years have not been a stellar time for economic policy making in Thailand. The country has seen 6 different governments over the past 10 years. But regardless of who was in power, the overwhelming majority of the policies enacted have been essentially populist in nature. Thailand Future Foundation, leading by Dr Sethaput Suthiwart-Narueput, revealed what has happened after two years of the use of the 300 baht minimum wage policy. The paper is also giving light of what needs to happen for Thailand to move forward.

Click at the image below for the full report.

What’s up with the Greek crisis? Concerns from Asia PDF Print E-mail
Friday, 20 February 2015 18:07

By Siegfried Herzog, Regional Director Southeast and East Asia, Friedrich Naumann Foundation for Freedom

Greece and the rest of the European Union countries face an unprecedented showdown these days. The outcome might well affect the world economy to some extent and will thus impact on Asia in one way or the other due to the continuing importance of the European Union for world trade and the financial markets. It also holds lessons for policymakers worldwide, namely that decisions that disregard fundamental economic principles tend to produce unpleasant consequences sooner or later.

Creating the Euro was an audacious undertaking that was mainly motivated by politics: It was meant to bind Europe closer together after German unification. It was also seen as a way to lower transaction costs in Europe and thus complement the fully integrated Common Market. However, economic theory tells us that a currency union works best if the member economies are similar and in sync with each other. This did not really apply to all Eurozone members and it definitely did not apply to Greece. The construction of the Euro therefore included fairly stringent rules, the Maastricht criteria, on the size of public deficits, debt ceilings and individual liabilities for national debt. This was meant to ensure a certain economic synchronicity and robustness. A joint liability for debt was excluded because member countries would then have to pay for fiscal decisions of one member country without being able to influence the decision or discipline errant behavior. This point was crucial for Germany as it wanted to ensure that the new currency would be a strong and stable one – like the Deutsche Mark that it gave up.

The Great Wall and the Coase Theorem PDF Print E-mail
Monday, 19 December 2011 16:55

Author: Jiang Hong   From:Sheng Hong



Part I  Hiring a person who whips you

Urbanization, Bubble of Governmental Performance Projects, and Macro-Economic Policy
From Administrative Reform to Constitutional Reform
Hiring a Person Who Whips You
Should the Government Take Action?
Freedom to Enter and Constitutional Rights
War Keynesianism

Economic Freedom of the World: 2011 Annual Report PDF Print E-mail
Wednesday, 21 September 2011 13:53


The index published in Economic Freedom of the World measures the degree to which the policies and institutions of countries are supportive of economic freedom. The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to compete, and security of privately owned property.


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