Tag Archives: Political bias

Doing Business, and Politics

The World Bank’s Doing Business project claims to provide

objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level.

In the Wall Street Journal, Josh Zumbrun and Ian Talley report that the ranking must be revised.

Over time, World Bank staff put a heavy thumb on the scales of its report by repeatedly changing the methodology that was used to calculate the country rankings, Mr. Romer said.

The focus of the World Bank’s corrections will be changes that had the effect of sharply penalizing the ranking of Chile under the most recent term of Chile’s outgoing president, Michelle Bachelet.

Paul Romer, the World Bank’s chief economist, apologized.

Update (Jan 16): On his blog, Paul Romer tries to clarify.

Liberal and Conservative Professions and Industries

Andy Kiersz and Hunter Walker report in Businessinsider about a Crowd Pack analysis of US federal campaign contributions.

As far as donors are concerned, the analysis suggests that the media, entertainment and tech industries as well as academics tend to support “liberal” candidates. The same holds true, somewhat less pronounced, for the pharmaceutical industry and lawyers.

In contrast, farmers as well as representatives of the building and construction, mining, oil, gas and coal and tobacco industries mostly support “conservative” candidates. Other industries appear very polarised.