A Quote by Joseph Stiglitz
Under the rule of law, if the government wants to prevent firms from outsourcing and offshoring, it enacts legislation and adopts regulations to create the appropriate incentives and discourage undesirable behaviour. It does not bully or threaten particular firms or portray traumatised refugees as a security threat.
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More American companies are getting bought by foreign firms or they`re becoming foreign firms or they`re outsourcing. Right now the tax code says if you want to make something in another country and re-import it back into America, go ahead and do that. We don`t want to incentivize that.
By taxing CO2, firms and households would have an incentive to retrofit for the world of the future. The tax would also provide firms with incentives to innovate in ways that reduce energy usage and emissions - giving them a dynamic competitive advantage.
Virtually all big law firms have good to super-good lawyers. All big law firms don't have great litigators.
You have various institutions like law firms and accounting firms which bill by the hour. I'm really against that. You have an incentive to go slowly, be there as long as possible, to over-research things and over-staff.
Poor firms ignore their competitors; average firms copy their competitors; winning firms lead their competitors.
The lawyers have escaped most criticism [and undeservedly so]. The tax shelters [were approved by lawyers, who got paid huge commissions to do so] and every miscreant had a high-falutin' lawyer at his side. Why don't more law firms vote with their feet and not take clients who have signs on them that say, "I'm a skunk and will be hard to handle?" I've noticed that firms that avoid trouble over long periods of time have an institutional process that tunes bad clients out. Boy, if I were running a law firm, I'd want a system like that because a lot of firms have a lot of bad clients.
I see basically two models of law firms in the world. One of the global law firm they go by the name of one-stop shops, which will open an office, everybody see and opportunity and will also practice the local law of that jurisdiction. That's a successful model as well but that's not the only model. And the other model is those of independent law firms, national champions which have some unique strengths as well and I think both have their strengths and weaknesses.
We're not going into advertising. But we see the future battleground existing between ourselves, digital firms, and media-buying firms.
When German companies take over firms in India, it is seen as normal. When an Indian buys one or two firms in Germany, that is something special.
The RFA requires federal agencies to assess the economic impact of their regulations on small firms, and if significant, consider less burdensome alternatives. Federal agencies sometimes fail to comply at all, or simply 'check the box,' fulfilling the letter of the law, while missing the purpose of the law entirely.
I'd rather live in a world where firms don't have these enormous incentives to spy on individuals.
As a former CIA case officer, I recognize that the rapid rise of firms like Huawei and ZTE presents a significant national security threat to the telecom infrastructure of the United States and our allies.
After all, despite the economic advantage to firms that employed child labor, it was in the social interest, as a national policy, to abolish it - removing that advantage for all firms.
In a moment of stress, funding may go to systemically-important firms, which could pull funding away from firms not making the cut.
German and English firms operate internationally, while French firms do not. The only place where they all have work is in China. Anybody can sell himself in China!
For decades, the pace of technological change in manufacturing has outstripped that in the economy as a whole. And, so, firms - manufacturing firms - have found it easier to continue producing by - with - reducing their workforces.
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