The small business myth

By Benjamin C. Waterhouse Small businesses enjoy an iconic status in modern capitalism, but what do they really contribute to the economy? Small business is the hero of modern capitalism. Owners of small firms are the virtuous strivers, the job creators and the plucky entrepreneurs who drive the economy. ‘Small businesses make a huge contribution […]

Regulatory zeal and FDI


By SBM Intelligence   Last week, the Central Bank of Nigeria (CBN) disclosed that it had hit four banks with fines to the tune of ₦5.65 billion ($15.83 million) for breaching Nigeria’s forex rules using irregular Certificates of Capital Importation (CCIs) to remit dividends on behalf of MTN Nigeria’s offshore investors. In addition, the regulator […]

Epidemics and Economics


David E. Bloom, Daniel Cadarette & JP Sevilla   Infectious diseases and associated mortality have abated, but they remain a significant threat throughout the world. We continue to fight both old pathogens, such as the plague, that have troubled humanity for millennia and new pathogens, such as human immunodeficiency virus (HIV), that have mutated or […]