“Developing countries often have hypertrophied bureaucracies, requiring businesses to deal with enormous amounts of red tape.”
Quote by James Surowiecki
Author
James Surowiecki
James Surowiecki is a renowned journalist and author, born in 1967. He is known for his insightful analysis of economic and social issues, particularly for his ability to translate complex economic theories into easily understandable content. more
You May Also Like
“Downsizing itself is an inevitable part of any creatively destructive economy.”
“So actually I only got a mobile phone the day after I left being Prime Minister.”
“If companies tell us more, insider trading will be worth less.”
“In American politics, 'Europe' is usually a code word for 'big government.'”
“In conditions of uncertainty, humans, like other animals, herd together for protection.”
“In confusing stock options with ownership, corporations confuse trappings with substance.”
“In order to work well, markets need a basic level of trust.”
“In the business world, bad news is usually good news - for somebody else.”