When you turn on the tap for a glass of water, who provides that service for you? The local council? Or a private company? Who runs the local buses? And who collects the rubbish?
Mildred Warner, professor at Cornell University has sifted through a lot of data which shows that a move by some countries to privatize local services hasn’t always turned out to be cheaper and more efficient.
Wing Thye Woo
The economic imbalance between the US and China has been in the news again lately and as usual one side is blaming the other for not doing enough to rebalance their respective economies. What’s the way out of this stalemate? Economics professor at UC Davis Wing Thye Woo says that a good starting point would be to recall what happened with the US – Japan imbalance a couple of decades ago.
The turmoil in the Middle East continues, and perhaps it’s not just a threat to governments. A leading Middle-Eastern entrepreneur, Fadi Ghandour of Jordan, tells us it’s time that local business leaders also woke up and smelled the Jasmine. And why the triple bottom line is just a starting point of what each company needs to do in order to make a better contribution to society.
SIXTY SECOND IDEA TO CHANGE THE WORLD
Cornell Professor Mildred Warner says that we should have a global minimum corporation tax in order to stop companies posting their earnings in tax havens to avoid paying tax.
This would still allow some nations to offer such tax havens, but there would be a minimum global tax that corporations would have to pay regardless. The funds would go to the UN to invest in critical social and physical infrastructure.
In Next Week’s Programme:
The changing human body with social historian Bernard Harris, geneticist Ross Hardison and choreographer Jasmin Vardimon.