tax-burden

Competitiveness Among Nations: Taxes (Part One)

In recent months there has been a worrisome trend among a certain segment of the US’ political spectrum. Said political segment is against the redomiciliation (tax diversion) of US corporations to countries with a substantially lower tax burden. If successful, this repudiation would be an escalation of a shameful movement in that direction initiated around ten years ago, when Section 7874 of the tax code was enacted, imposing significant limitations to the free movement referred. Before that, there were no regulations and limitations to tax diversion movements by US corporations. In principle, such a relocation by US corporations is a zero-sum game and hence, it is against the economic … [Read More...]

earth-home

Top 10 Posts of Understand Globalization

Putin, Russia, Ukraine, and the Globalized World When ordering the Russian Army to take control of key points of Ukraine’s Crimean Peninsula on the first weekend of March, it is highly unlikely that Vladimir Putin had appropriately contemplated the full financial and economic implications of such a decision. Read More Globalization and The Olympics (Part I) Every four years, during two weeks and a half, the entire world –figuratively speaking– takes a breather to see and learn about high-performance athletes competing with the best-of-the best, in search of  new olympic –and world– records setting and all sort of sports feats. Read More From Hydra to Phoenix. The Transformation of … [Read More...]

Former USSR Countries 2

The Former Soviet Republics: A Recapitulation (Part Two)

  One of the many fascinating subjects of analysis in globalization is how the former Soviet republics have evolved after the 1991 implosion of the USSR to this date. Continued from Part One of this series, the table below summarizes some key information, an indispensable element in order to make an objective assessment based on the most relevant hard data available.   Out of the 27 countries on the table, 7 have been highlighted in italics; they are the countries that were part of Yugoslavia. Two of these countries have already surpassed Russia in their GDP per capita, Slovenia and Croatia. From the remaining 20 non-Yugoslav nations, 7 of them already  have reached … [Read More...]

Panama-City-Skyline

Is Panama Taking Off for Good?

Panama was formed as an independent nation in 1903, by a separation from Colombia. Since then until 2009 Panama had been a typical underdeveloped nation, basically characterized by mediocre government management. On July 1st of 2009, Ricardo Martinelli was sworn in as Panama’s president; his term expires shortly, next June 30. The transformations that president Martinelli made to the Panamanian society during the past five years as head of that Central American nation converted it from a sleep economy, into a roaring one. Taking the Panama Canal’s expansion program as the initial platform, Panama has been able to successfully transit an important part of its economy to banking, … [Read More...]