Risk


Usually, profits go to those who take the risks and do the work. What is MPT’s contribution to the JV? Being “the industry regulator,” which I hope is a misstatement of facts? Contributing the land and existing assets? Middle management?

Shiller’s Nobel

Posted by on October 15, 2013  /  0 Comments

It’s always nice when someone whose work has been used in LIRNEasia wins a big award. Robert Shiller greatly influenced our thinking on risk-reduction in the aftermath of the 2004 Indian Ocean tsunami. It’s true that he did not get the 2013 Nobel for that work, but still we are happy that an economist who always found the time to engage with contemporary economic policy issues has been so recognized. Report.
I started reading about cancer because people kept pestering me about electro magnetic radiation from mobile handsets and towers. Siddhartha Mukherjee is the best writer on cancer. But I have to admit I have yet to read his Pulitzer winning “The emperor of all maladies.” In Ohio, where I lived for over a decade, they took asbestos really seriously. Buildings were condemned because of asbestos.
Given below in sober scientific language is the outcome of decades of deliberation: After a week-long meeting of international experts, the International Agency for Research on Cancer (IARC), which is part of the World Health Organization (WHO), today classified diesel engine exhaust as carcinogenic to humans (Group 1), based on sufficient evidence that exposure is associated with an increased risk for lung cancer. The New York Times explains that the implications are more serious for people in developing countries : The W.H.O. decision, the first to elevate diesel to the “known carcinogen” level, may eventually affect some American workers who are heavily exposed to exhaust.
Sounds so 1960s, but . . . This should change investment risk calculations, in Africa for now. But how broad will the ripples run?
A significant contribution to the m-money debate has been made by Chanuka Wattegama, until last month LIRNEasia’s Senior Research Manager and the person responsible for managing the Mobile 2.0 research module. The tightly argued piece contains many references to LIRNEasia work and is a perfect example of the success of LIRNEasia’s catalytic role. Worth reading in full by anyone interested in the subject. Ours is an anxious society that expects the protection of every electronic money transfer by the financial regulator.
A report just released by DIRSI shows that Peru’s regulatory environment has improved slightly during the period from 2007 to 2009. The report, Entorno regulatorio de las telecomunicaciones: Perú 2007-2009 (Telecommunications Regulatory Environment: Peru 2007-2009), prepared by Jorge Bossio, used the Telecom Regulatory Environment (TRE) Assessment methodology that was developed by DIRSI’s partner LIRNEasia as an approach to gaining insight on regulatory performance. The TRE methodology is based on the assumption that investment is a necessary condition for good telecom sector performance, and investment decisions are influenced by perceptions of investment risk. Using interviews and a questionnaire administered to a statistically significant cross-section of industry stakeholders and experts, the TRE assessment traverses six dimensions of regulatory risk for both the fixed and mobile sectors. The new report, the second assessment of Peru’s regulatory environment, reports that the overall influence of the regulatory environment in Peru has improved since the previous assessment (2006-2007) but remains neutral – neither encouraging nor discouraging investment.