“All the alleged key causes of SOE [State-Owned Enterprise] inefficiency - the principal-agent problem, the free-rider problem and the soft budget constraint - are, while real, not unique to state-owned enterprises. Large private-sector firms with dispersed ownership also suffer from the principal-agent problem and the free-rider problem. So, in these two areas, forms of ownership do matter, but the critical divide is not between state and private ownership - it is between concentrated and dispersed ownerships.” TwoRealMatterStatesProblemFormSufferingCausesKeysUniqueAreasCriticalAgentsBudgetsFirmEnterpriseDividesOwnershipPrincipalConstraintsRidersPrivate SectorInefficiency Author:Ha-Joon Chang
“Is your life beautiful? Do you live in surroundings that you have made beautiful through your own unique, creative ideas? To expect and lovingly require beauty to be apparent in all areas of your life is to be deeply loving to yourself, your soul, your world, and shows reverence to God and all of life. There is always something beautiful to be found, right where you are, if you will look for it. Concentrate your thoughts on the good, the beautiful, and the true things in life.” IfsWorldLooksMadeIdeasSoulShowsBeautifulLife IsFoundBeautyCreativeUniqueAreasYour SoulWhere You AreReverenceThings In LifeSurroundingsBeautiful LifeBeauty Of LifeSomething BeautifulCreative IdeasTrue Things Author:John Templeton
“My two primary areas of focus have been open-space conservation and education, and I expect those to remain my priorities in the future. The Irvine open space and parklands provide serenity and balance to our unique Orange County lifestyle.” Has BeensTwoSpaceFocusBalanceUniqueAreasPrioritiesLifestylePrimariesSerenityConservationOrangeCountyOpen SpacesOrange County Author:Donald Bren
“Writing for publication is an art, a craft, and a business, so you need to develop skill sets in multiple areas. You need to learn how to be a marketer just as much as you need to get past your influences and develop your unique prose voice. And you can't do it alone. You need a strong emotional support system to help cope with the frustrations and setbacks.” NeedsWritingArtHelpingPastStrongVoiceSupportInfluenceEmotionalSkillsUniqueAreasCraftsProseFrustrationMultiplePublicationSetbackMarketersSupport SystemsEmotional SupportStrong Emotional Author:Brian Hodge
“The problem is not unique; the challenge is not unique to South Africa. Other African countries have faced it. But in our case, we have got to solve the problem. You have got an institutional traditional leadership, which functions in a particular way, in for instance, your communal areas.” WayCountryProblemChallengesCasesParticularUniqueAreasFunctionSouthSolveTraditionalInstanceSouth Africa Author:Thabo Mbeki