Tag Archives: expropriation
Nationalizations are back: Libyans in Zambia now, but who is next?
Sounds so 1960s, but . . . This should change investment risk calculations, in Africa for now. But how broad will the ripples run? The Zambian government has confirmed expectations and will renationalise the local mobile network, Zamtel, which is 75% owned by Lybia’s Lap Green Networks. The government has also dissolved the board of [...]
Innovation and the state
We had the pleasure of engaging with an erudite politician at the inauguration of LIRNEasia’s principal capacity-building event, CPRsouth in Bangkok last week. Former Prime Minister Abhisit Vejjajiva, who used to teach economics at Thammasat U before he went into politics, had this to say, as reported in Bangladesh’s Daily Star, about innovation and the [...]
Expropriation makes a comeback in Russia, with a twist
Glimmerings of a return to the bad old days, when governments “nationalized” telecom companies. The end result was pillage by the government flunkies and bad/no service to the public. The Russians are back in this game, but this time through the courts and with a different beneficiary, the local partner oligarch. Already jittery investors were [...]
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