competition
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Swiss economic success: diversity as capital
Nothing seems to stop the prosperity of the Swiss economy. Its steady growth is seemingly impervious to the political turmoil in the EU, superpower tensions, the vagaries of world trade and even the overly muscular Swiss franc. Switzerland’s highly diverse economy and its unique political system together form an ecosystem that is amazingly productive and resilient. The question, however, is how long the Swiss can manage to shield their order from the globalized world’s homogenizing pressure.
An offense to common sense and EU principles
The EU’s international trucking business, now dominated by highly competitive companies in Central Europe, can be disrupted by Brussels’ ham-handed attempt to shield cargo movers in countries with high minimum wages. The issue has political ramifications for the EU as well.
‘Overbanking’ in Europe
While American banks recovered from the 2008 financial crisis, lenders in Europe have languished. Contrasting regulatory approaches and economic environments account for some of the differences, but European banking authorities have their own explanation: “overbanking.” Their reasoning is odd, not least because the European Union’s banking sector is shrinking.
The benefits of global tax games
The growth of global trade and rise of more sophisticated financial products from the late 1970s has encouraged in tax arbitrage by multinational firms and tax competition between governments. This phenomenon has become a fixation of global governance do-gooders and bureaucrats. Their seemingly innocuous push for international tax coordination and ...
