Nigeria: A study in patronage

Our friends at the Initiative of Public Policy Analysis, based in Lagos, have an analysis of the government’s failed efforts to jumpstart the local concrete industry in Nigeria by restricting imports. Reading this, I am struck by how fuzzy the lines between failed-but-well-intentioned economic policy and state-capture can be. However, the analysis concludes: License-or quota-based…

China: How long can this party last?

China Up Close {Part Three of Three}Read part one.Read part two.Based on data from the Global Integrity Report: China. Global Integrity’s conclusion: Significant weaknesses in China’s anti-corruption framework raise serious questions about the true risks facing investors rushing to capitalize on the country’s economic expansion – and the risks Chinese sovereign investment funds pose to…