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Operational freedom with responsibility and accountability is today the governance structure of all successful states. Other public services should be run in the same way. And perhaps private businesses as well. FT, 16.5.01	Emerging economies have not become ‘decoupled’ (Financial Times 21 November 2007) Your country of residence is where you buy your clothes, eat your meals, draw up your accounts and write your board minutes. But the volume and value of all these domestic operations depends on the role the country’s producers play in the global economy. Research that aids publicists but not the public (Financial Times 31 October 2007) Academics and think-tanks need to be reminded that generating publicity is not a legitimate research objective. The study of business is afflicted by confusion between the results of a survey of what people think about the world and a survey of what the world is really like. Sometimes the market is best viewed from afar (Financial Times 21 August 2007) That investment style of being in touch with the market but distant from it has impressive antecedents and performance. Same old folly, new spiral of risk (Financial Times 14 August 2007) Risk markets are based more on imperfections of information and understanding than on differences in attitude to risk. And with this, financial follies repeat themselves in each generation. Why the winner’s curse could hit complex finance (Financial Times 23 January 2007) In financial markets, the more complex the instrument, and the more uncertain the outlook, the greater the likely range of views of common value. More often, trading puts assets in the hands of those who think the assets are more valuable than they really are. Read more articles from 'Economic Trends' ... ^ back to top
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