Category: Discoveries

Further Development of the Model Iteration 1 of Prototype We now set out the initial iteration of the model, and its conceptual framework.[i] We model productivity as a function of factors which have a direct impact on productivity in a country. These factors are themselves influenced by the policy decisions of a country. The factors affecting productivity are: stock of foreign direct investment, stock of capital provided by the financial sector, health expenditures, and human capital stock per worker.  However, fuel exports, and ore and metal exports need to be considered as these could distort a nation’s productivity particularly if…

The Interface Between Competition and Intellectual Property Policy: The Role of Competition Agencies This paper examines the interface between competition policy and intellectual property policy. It is often said that there is a tension between these policies, as competition policy is generally opposed to monopolies, and intellectual property is deemed to support them. However, this tension is based on a series of assumptions which we do not believe are accurate. Rather, both policies have the same fundamental goal, which is to ensure the stimulation of innovation. In addition we will examine the role that competition agencies play in this and…

The Economic and Moral Case for Property Rights, Open Trade and Competitive Markets The below is an extract from the paper ‘From Poverty to Prosperity’, originally published by the Legatum Institute. Please click here to read the full document. Undertaking the journey from poverty to prosperity has been the primary task of humanity since we first came out of the cave. The ancient Hindu scripture, the Rig Veda, says that: “No one is superior, none is inferior. All are brothers marching towards prosperity.” Conventional wisdom holds that human beings naturally embody twin but separate impulses: a. the desire for self-enrichment,…