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Monti's actions to address Italy's main problems- insufficient competition, inadequate infrastructure, and too much red tape.
Linked Articles
Italy Plans New Measures to Liberalize Economy
New York Times 01/20/2012
Mario Monti and Italy's Generational Crisis | Foreign AffairsForeign Affairs 02/14/2012
Contrasting experiences, problems and new approaches.
Linked Articles
Wall Street Journal 05/29/2013
The Next First (and Only) 100 DaysNew York Times 12/10/2011
Linked Articles
Sony Rolls Out Its Xperia Ion Smartphone
New York Times 06/24/2012
Sony's Brave Call on HandsetsWall Street Journal 10/07/2011
Best Buy faces strong competition in electronics sales from online sellers such as Amazon.com, and sees its position erode. A shift toaller size smaller stores with more personal attention as Best Buy questions the logic of bigbox stores.
Linked Articles
Best Buy Swings to Loss on Heavy Charges; to Close 50 Stores
Wall Street Journal 03/29/2012
Best Buy Gets SqueezedWall Street Journal 09/14/2011
Growth in Turkey is fueled by surging credit growth and capital inflows. At the same time manufacturing competitiveness is falling.
Linked Articles
Turkey's Economy Surged 11% in Quarter
Wall Street Journal 07/01/2011
Turkish Trade Deficit WidensWall Street Journal 07/30/2011
The perceptions of the eurozone crisis of ordinary Germans and of former East German Angela Merkel are colored by the period of reunification of the two Germany's. This was paid for with a"solidarity surcharge" tax paid by Germans amounting to $1.7 trillion and led in its early stages to 4 million unemployed in the eastern part and 20% unemployment. It took over a decade for East Germany to build new modernized industries in the larger cities of the east, but still leaves the rural parts of former East Germany in a neglected state as young peoplemoved out. During this period industry in the west also regained lost global competitiveness, especially in industries such as automobiles and advanced machinery, using wage restraint agreements with unions and increases in productivity. Germans see the need for eurozone countries in the southern part of Europe needing to make similiar sacrifices and see the tax evasion in Italy and Greece as unacceptable. The real estate bubble, the lack of transparency for banks bad loans, and out of control regional spending in Spain is also seen in a similiar light. Greece is seen as the most egregious offendor because of the bad financial accounting that grossly understated the extent of the bad loans. Less publicized in Germany is the role played in the bad loans through poor lending practices of German and French banks and that as experts have pointed out Germany was to some extent bailing out German banks when it was bailing out Greece- till German banks reduced their exposure to Greece in 2011.
Linked Articles
In former East Germany, anxious residents resent paying for Europe’s problems - The Washington Post
Washington Post 06/21/2012
Merkel's Defense of Euro Forged in East GermanyNew York Times 01/30/2011
Linked Articles
Comparative Advantage and American Jobs
Wall Street Journal 01/26/2011
U.S. Manufacturing Decline Raises Concern About InnovationNew York Times 02/12/2011
Linked Articles
GE Seeks Exit from Banking Business
Wall Street Journal 04/10/2015
Obama's Corporate MakeoverNew York Times 01/21/2011
Gome faces from 360Buy.com the kind of competiton Best Buy faces in the U.S. from Amazon.com.
Linked Articles
Wall Street Journal 03/28/2012
Wal-Mart Agrees to Deal With 360buy.com of ChinaNew York Times 12/27/2010
Linked Articles
India Has 1.2 Billion People but Not Enough Drink Coke
Wall Street Journal 06/27/2012
Pepsi Battles Coke in ChinaWall Street Journal 05/22/2010
The failure to replace the "fee-for-service" system in favor of capitated payments is cited as one of the main reasons. The other reasons are it does not resolve the issues of introducing competition in quality of care and cost, and continues the practices that disguise the true cost of care with a highly fragmented system of care. In a op-ed, Jeffrey Flier, Dean of the Harvard Medical School, gives a detailed account for the reason for his grading. A poorly drafted or incomplete law says Flier can make things worse, citing the example of the health care law in Massachusetts which is driving up costs, as it does not change the old dysfunctional system's key features such as "fee-for service," and instead tries to build a new system on broken foundations. Pearlstein in the Washington Post says the Obama health care law has addressed the "fee-for-service" problem, but this is really not the case, and Flier's reasoning may be the clue to the deeper problem for the Obama health care law.
Linked Articles
Steven Pearlstein: Eat your broccoli, Justice Scalia - The Washington Post
Washington Post 04/01/2012
Health 'Debate' Deserves a Failing GradeWall Street Journal 11/18/2009
The failure to make changes during the financial crisis of 2008 and the risks this poses in the future.
Linked Articles
Warren Stephens: How Big Banks Threaten Our Economy
Wall Street Journal 04/29/2012
BOE's King: Big Banks Should Get Broken UpWall Street Journal 10/21/2009
By the end of 2011 Fiat is set to take a 51% ownership and control of Chrysler. The revival of Chrysler and its integration with Fiat.
Linked Articles
CEO Marchionne offers turnaround experience.
Detroit Free Press 06/11/2009
Fiat Will Hike Stake in ChryslerDetroit News 04/21/2011
Linked Articles
Caterpillar Union Bows to Demands
Wall Street Journal 08/18/2012
In U.S., a Cheaper Labor PoolWall Street Journal 01/06/2012
A return to the drachma as a way to regain competitiveness and return to growth for Greece.
Linked Articles
Greeks Balk at Paying New Property Tax
New York Times 11/27/2011
Plan to Leave Euro for Drachma Gains Support in GreeceNew York Times 11/01/2011
The shifting of plant location to Mexico and the U.S.
Linked Articles
Made in China Is Getting Expensive
Wall Street Journal 08/10/2012
Otis Shifts Work Closer to HomeWall Street Journal 10/07/2011
The need for competition and other private sector involvement in sectors such as oil, telecom, airlines and other sectors, and the reform of labor laws that reduce GDP growth by an estimated 2.5%. The Mexican educational system suffers from a lack of trained teachers and change is blocked by a powerful union leading to poorly educated workers from the public educational system.
Linked Articles
Mexico’s economy: Making the desert bloom
Economist 08/27/2011
Mexico’s failing schools spell defeat for ruling party - The Washington PostWashington Post 06/09/2012
Even with a gradual appreciation of the yuan China continues to maintain its competitive position in international trade with productivity gains offfsetting the small appreciation and a smaller increase in prices of Chinese products. This could mean the U.S. and Eurozone countries will continue to run trade deficits with China in 2012-2013.
Linked Articles
Wall Street Journal 04/16/2012
No Appreciation for the Rising YuanWall Street Journal 06/21/2011
Linked Articles
Wall Street Journal 01/26/2011
Dow Chemical's CEO on How to Revive ManufacturingWall Street Journal 02/23/2012
Linked Articles
Comparative Advantage and American Jobs
Wall Street Journal 01/26/2011
Obama's Corporate MakeoverNew York Times 01/21/2011
Linked Articles
GE Seeks Exit from Banking Business
Wall Street Journal 04/10/2015
Jeffrey R. Immelt - A blueprint for keeping America competitiveWashington Post 01/21/2011
Linked Articles
Jeffrey R. Immelt - A blueprint for keeping America competitive
Washington Post 01/21/2011
Andy Grove: How America Can Create JobsBusinessWeek 07/01/2010
Competition from lower cost manufacturers adds to earlier problems of not keeping a consumer point of view for new products. A problem common to many of Japan's electronics companies.
Linked Articles
How Japan Lost Its Electronics Crown
Wall Street Journal 08/15/2012
How Vizio Beat Sony in High-Def TVBusinessWeek 04/22/2010
This affects American exports to the Chinese market also making european goods more competitive.
Linked Articles
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/2010
The Chinese DisconnectNew York Times 10/23/2009
The failure to meet rising expectations in Mexico. Mexico's GDP would be 2.5% higher if the oil sector was opened up, labor laws were changed and competitiveness introduced to the country's oligopolies in airlines telecom and other sectors, says Mexico's Center for National Competitiveness.
Linked Articles
Pocketbook Issues Weigh on Mexico Voters
New York Times 06/30/2012
Calderón's hatful of troublesEconomist 07/09/2009
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