Wednesday, 17 January 2018
quote [ Chilean officials on Saturday criticized the World Bank, saying it treated the South American country unfairly in its closely watched annual "Doing Business" competitiveness rankings. ]
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Pandafaust said @ 2:16am GMT on 18th Jan
I'm not sure I fully understand the controversy but from what is stated - the ranking is based on a number of indicators including tax rates and capital availability which have indeed changed, as has some of the weightings. Now you can make a fairly strong argument that this style of supply-side economics has NOT shown itself to be an appropriate model of economic health. But I don't see deliberate "punishment". Perhaps there is more to the story than is stated in this article, but to me the bigger question is "how are these sort of instruments used politically". Some politician could parade them about and say "look the economy is worse everyone says so" and that would be very misleading. It would suggest that leftist policy is BY DEFINITION bad for the economy, which is NOT an appropriate use of this ranking. You see similar things elsewhere in economics - eg using labour productivity as a measure of appropriate renumeration for time worked, which sounds reasonable as long as you don't know how it's measured and what it measures.
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raphael_the_turtle said @ 3:10am GMT on 18th Jan
This is the article I should have posted, but I couldn't find it at the time.
World Bank Unfairly Influenced Its Own Competitiveness Rankings - WSJ |
Pandafaust said @ 7:32am GMT on 18th Jan
[Score:1 Funny]
Arg! paywall!
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raphael_the_turtle said @ 12:28pm GMT on 18th Jan
[Score:1 Underrated]
World Bank Unfairly Influenced Its Own Competitiveness Rankings - WSJ
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norok said[2] @ 10:28pm GMT on 17th Jan
[Score:-2]
filtered comment under your threshold |
A rough breakdown of what happened by South American Journalist Laurence Blair
I vaguely remember similar treatment of Venezuela by IMF or World Bank during Chavez's first term, pre-coup, but I can't find anything. Does anybody remember, and have links?