China Outsourcing to US

Go figure, China looking to outsource to the US and several municipalities trying to woo in their investment.  I wonder if the University students in China will stand up for this abuse of foreign labor.

It is likely that the US could benefit a great deal from Chinese foreign direct investment.  If more Chinese companies were investing in the US there would become more reason for Chinese firms to respect the property rights and contracts of US firms invested in their country.

McKinsey agrees with DeSoto

McKinsey and Co. states that high corporate taxes and obstacles to entry and exit are pushing businesses into the informal marketplace and undermining "enterprise-level productivity."  This article focuses on business practices in Asia but clearly is model is applicable to the stagnation of Latin American development as well.