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The Provinces

The Rise of China's Yuppie Corps: Top CEOs to Watch

by Cheng Livia China Leadership Monitor
Saturday, April 30, 2005

The remarkable development of China's economy has been matched by the rapid rise of China's entrepreneurs. A group of young, well-educated, urban economic elites—China's "yuppie corps"—has recently emerged and taken the spotlight. Focusing on the CEOs of China's 100 leading enterprises, this article assesses the demographic characteristics, professional backgrounds, and career experiences of China's most prominent business leaders. Their relatively young age and the growing importance of their enterprises indicate that the most promising executives in China's flagship firms may broaden the way in which future political leaders are chosen. The rise of the yuppie corps in the business leadership of the People's Republic of China also suggests that Chinese firms in various industrial sectors may become even more competitive in the world market in the years to come.

The Folly of Sarbanes-Oxley

by Scott S. Powellvia Hoover Digest
Saturday, April 30, 2005

The Sarbanes-Oxley Act? “The worst affliction visited on public companies in the last 70 years.” By Scott S. Powell.

The Ultimate Chain Letter

by Russell Robertsvia Hoover Digest
Saturday, April 30, 2005

How doing business with strangers creates the extraordinary web that is the modern economy. By Russell Roberts.

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Putting Money in a Safe Place—Our Pockets

by John F. Coganvia Hoover Digest
Saturday, April 30, 2005

Why personal retirement accounts represent “an essential ingredient in any plan to fix Social Security’s financial problem.” By John F. Cogan.

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Labour’s Labor Problem

by Gerald A. Dorfmanvia Hoover Digest
Saturday, April 30, 2005

Why Tony Blair’s Labour Party has kept the labor movement at arm’s length. By Gerald A. Dorfman.

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From Iron Curtain to Golden Arches

by Arnold Beichmanvia Hoover Digest
Saturday, April 30, 2005

Celebrating 15 years of Russian happy meals. By Arnold Beichman.

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Analysis and Commentary

China vs. Russia: Wealth Creation vs. Poverty Reduction

by Michael S. Bernstam, Alvin Rabushkavia
Monday, April 25, 2005

The 2005 press release of the World Trade Organization (WTO) highlights the new role China is playing in the world.

PAY IT FORWARD: Social Security Reform

with John F. Cogan, Alan Auerbachvia Uncommon Knowledge
Friday, April 15, 2005

In making Social Security reform a top priority of his second term, President George W. Bush has emphasized two points: first, that, without changes, our Social Security system will be bankrupt by 2042 and, second, that a key element of reform must be creating private accounts to allow workers to invest a portion of their payroll taxes in stocks and bonds. Is the president right on both counts? Peter Robinson speaks with John Cogan and Alan Auerbach.

Analysis and Commentary

A Competitive Flat Tax May Spread to Lithuania

by Alvin Rabushkavia
Thursday, March 24, 2005

On March 24, 2005, United Press International reported that Lithuanian Prime Minister Algirdas Brazaukas stated his government's intention to phase in a flat-rate income tax of 24% by 2008.

Analysis and Commentary

The Flat Tax May Spread to Poland Sooner than Expected

by Alvin Rabushkavia
Thursday, March 17, 2005

The Telegraph of the United Kingdom reported on March 16, 2005, that the ruling center-left Polish government plans to enact a flat tax, joining the flat-tax revolution spreading throughout Central and Eastern Europe.


Economic Policy Working Group

The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple