Welcome to our lecture series on Business Climate Assessment. In this series, we’ll explore critical factors, including components of economic freedom and its’ essential preconditions, to help you identify the best locations for establishing and expanding your business in the long term. Lectures 1 and 5 are open-access, while attendance for the remaining lectures requires a fee.
The following presentations will guide you through these essential topics:
(1) Lecture 1. Business climate indicators: the Rise, the Decay, and the ways to repair.
This presentation provides some materials for a better understanding of the advantages and shortcomings of Business climate indicators like Economic Freedom indices. Economic Freedom Indices and the ‘Doing Business’ Project are far from perfect as measures of Business climate quality. The assessments are often poorly compatible and subjective. Indices vs. distinguished economists. New ‘Nobel” prize winners for ‘inclusive’ institutions & against capitalism. Some additional factors taken into consideration with special attention on the harm inflicted by ‘antidiscrimination policies’ (more correctly, policies undermining freedom of private contracts) could make indices much more reliable and practically applicable instruments.
Lecture on prospects of Long Run investments and doing business in the Estonia and Visegrád countries. By most measures, Estonia and the Czech Republic lead the sample in terms of favorable business conditions. Compared to most countries in Old Europe, the Visegrad countries and Estonia present lower risks for medium- and long-term investment and business operations.
Chinese Model – Deng Xiaoping’s informal institutions imitated Western political competition, and entrepreneurs’ personal immunity secured impressive economic Growth in the 1980s-2000-ties. This institution was critically damaged by 2009 and collapsed in 2017 with the rise of the personalistic rule of Xi Jinping. Thus, imitation of political competition and limited government and real limitations protecting a private person and his property are proven not to be the same.
(4) Lecture 4. Long Run Economic Prospects of AI – revolution: new industries to emerge … or not …
When personal rights, freedom, and property are protected, AI and automation promise great economic advancement rather than posing a threat. Like past technological revolutions, they have the potential to create new industries and abundant opportunities for business and employment. The alternative—AI and robotics under strict state control—could lead to a dystopian future.
(5) On Some Problems and Long-Run Prospects of Doing Business in Israel
This presentation addresses the lecture ‘On Some Problems and Long-Run Prospects of Doing Business in Israel’. It examines how several factors negatively impact Israel’s business climate, including: 1. An overly powerful social bureaucracy 2. An excessively active judiciary and public prosecution 3. Mandatory ‘social solidarity’ policies 4. Positive discrimination (‘affirmative action’) practices Despite these challenges, the presentation also explores reasons for optimism regarding future improvements in Israel’s business environment, particularly when compared to other developed nations.
(6) Israel as a place to live and do Business: a Country Where You Can Make a difference
Limitations on the voters’ ability to influence policy and the Rule of Law in Israel are deeply embedded in the country’s historical context. However, these constraints are increasingly acknowledged by society, leading to potential opportunities for reform. As awareness grows, the path to resolving these issues could emerge, and with strategic effort, the political process that opens these ‘windows of opportunity’ can be accelerated at a reasonable cost.
For more reference, please contact the author: mosheya@jct.ac.il or yanovskiy.moshe@gmail.com
The first four “early birds” who subscribe to the full 6-lecture course (1.5 hours per lecture) will receive a 25% discount. They will discuss with the lecturer and adopt the scheduler of the course. The regular rate per paid lecture attendance is 64 US dollars.