Tuesday, March 21, 2006

Cultivating the "Business-friendly" Environment

Guy de Jonquières in today's Financial Times
Business-friendly autocrats promise several things that managers and investors prize highly -- above all, stability. A western investment banker bent on expanding in China told me recently that his greatest worry about the country was not its shaky financial system, rampant corruption or risk of an economic downturn: it was the uncertainty that would ensue if the Communist party lost power.

In Indonesia, one of businesses' biggest complaints after the overthrow of the Suharto dictatorship in 1998 was that ... they were no longer sure who to bribe or how much to pay.

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