Found 2 article(s) for author 'gold standard'

Why Trust Is the Gold Standard in Developing Countries

Why Trust Is the Gold Standard in Developing Countries. Tarun Khanna, April 18, 2019, Audio, “Entrepreneurs in the developing world face a distinct disadvantage over their Western counterparts – a widespread lack of trust. Western nations have spent centuries putting in place customs, institutions and regulations to support new companies. But those structures don’t necessarily exist in places like India, South America, Africa or China. Harvard Business School professor Tarun Khanna believes smart entrepreneurs who want to succeed in places with “rampant mistrust” must build their own microcosm of trust with employees, partners and customers. Khanna, who is also director of the Lakshmi Mittal and Family South Asia Institute at Harvard, details this approach in his new book, Trust: Creating the Foundation for Entrepreneurship in Developing Countries. He spoke on the Knowledge@Wharton radio show on SiriusXM about why a conventional strategy doesn’t work wherever societal mistrust is the norm.Link

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Emerging Markets Should Go for the Gold

Emerging Markets Should Go for the Gold. Kenneth Rogoff, May 3, 2016, Opinion. “Are emerging-market central banks overweight in dollars and underweight in gold? Given a slowing global economy, in which emerging markets are probably very grateful for any reserves they retain, this might seem an ill-timed question. But there is a good case to be made that a shift in emerging markets toward accumulating gold would help the international financial system function more smoothly and benefit everyone.Link

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