Mar 24, 2009

Africa's turn..or not

How come no one told me that Ted Miguel had a blog? Here it is...added to the blog roll! He has a new book, "Is it Africa's turn?", read some of it here.

He writes "Chinese investors also have a major advantage over their Western counterparts in that they know how to make money in a developing–country business environment where the rule of law is optional, corruption and bribery are the norm, and infrastructure is patchy. Their experiences at home give them a big leg up on the competition."

But then that woudl mean that country-level rule of law affect individuals' buisness skills? Sounds like a testable hypothesis to me!

No comments: