Tuesday, July 23, 2013

Russia - Not a good place to do business

Vladimir Putin's allies prove that successful businesses depend on the rule of law. Businesses should realize this by now yet they tend to ignore it in their desire to expand in countries that just aren't there yet, like Russia and China. India is a red tape nightmare that makes the worst of U.S. bureaucracy seem like a dream of efficiency. Yet the pundits of the business world extoll the virtues of emerging markets like they are all equal in opportunity.