How can we generate more good jobs in developing countries?

How should employment policies in developing countries react to the new model of structural change?The “Kuznets paradigm” for jobs and structural change no longer holds. Kuznets expected the workforce to gradually shift from informal agriculture to better jobs with higher productivity and wages in well-organized formal manufacturing and (eventually) services. …

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Bargain Shares: Exploit valuation anomalies

NAV per share up 19% to 92.6p since January 1, 2021 Net cash of £ 9.7m represents 19% of the portfolio valuation of £ 50.9m following the buyout of Proactis Corporation Financière Européenne SA increases its stake in CIP from 18.2 to 29.1 percent since June 30, 2021 CIP Merchant …

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Investing is more than just risk and return

I recently wrote an article on my “too hard” stack – Charlie Munger’s term for investments that are too complicated to fit into Berkshire Hathaway’s portfolio of companies. Some people collect more investments and build more complex portfolios as they gain experience and assets. I’m trying to take Munger’s initiative …

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Why is the induced demand still ignored?

An excellent recent article on CityLab discusses the important concept of ‘induced demand’ – the phenomenon that extra road capacity encourages more people to drive and fills the road again – while asking the important question of why so much money is still devoted to widening the road when we …

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Seoul stocks nosedived late Tuesday. Morning

SEOUL, Oct 05 (Yonhap) – South Korean stocks plunged more than 2% late Tuesday morning, as investor confidence was weakened by the fight against the debt ceiling in the United States and debt crises involving Chinese real estate developers. The benchmark Korea Composite Stock Price Index (KOSPI) fell 69.63 points, …

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