Infographic Instant With Bryane Michael

Most governments copied competition law "best practice" - without accompanying templates on improving innovation/productivity. Competition acts are easy to copy. New ideas are not. Some countries like Singapore and Hong Kong will win out from more competition. Vietnam and even Japan won't -- unless law incentivises creativity. To see how much money your country will win/lose, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3000240

The international organisations have pressured most countries into adopting competition laws. Many governments rightfully ignore them - because they harm domestic business (and particularly SMEs). If lawmakers adopt an innovation act at the same time as an antitrust act though, competition law can do more good than harm. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3000240

Like with central banks, conventional wisdom has increasingly made competition authorities (commissions) independent. How does such independence look like in black letter law? Does the econometric evidence suggest that independence makes competition "better"? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3000240

Competition law helps shape competition in a jurisdiction. "Better" laws help protect vulnerable businesses like small and medium enterprises (SMEs) - without hurting consumers. How do we measure the quality of such competition law? Who is ahead... and behind? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3000240

SMEs provide much employment and longer-term economic growth. They also often provide the next, new idea which leads to entire industries. Which countries encourage these SMEs? How competitive are they? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3000240

Competition often hurts SMEs more than helps them. In this presentation, we review competition laws in various countries (mostly Asia and Brunei as a concrete example). Without passing innovation legislation at the same time, competition law could well do more harm than good. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3000240

What concrete laws can a jurisdiction pass to make its financial institutions more attractive for sunrise industries looking for money? We illustrate how new laws in Hong Kong can make its financial institutions ready to fund the complex and capital-intensive industries like the solar/photovoltaic sector. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

An international financial centre represents a technology, a method of generating information about new opportunities and risks. We describe the value of information in an international financial centre using China's solar industry and Hong Kong's financing of that industry as an example. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

Benefits from securitisation well exceed the current offering of securitised debt and assets. An international financial centre ready to securitise a sunrise industry can fill a large void -- and earn large profits. Hong Kong's own experience has been to make casino bet instruments, rather than productive assets. Yet, it does not have to be that way. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

How can an international financial centre dominate a sunrise industry's value chains? In this presentation, we show how US financial institutions disintermediated China's solar energy financing value chains -- locking out rivals in Hong Kong. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

What drives the development of an international financial centre? We show how to estimate the economic impacts of a sunrise industry on a financial centre like Hong Kong. We also estimate the supply/demand for various types of securities used to fund the solar industry. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

How much money will a financial centre's financial institutions book from a sunrise industry. We illustrate the market sizing exercise -- showing how to estimate demand for various types of securities from a new sector. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

Want to build a world-class financial centre? Dont focus on banks. Focus on the sunrise industry that banks will lend to (finance). We review the standard approach to international financial centre development -- showing why its wrong. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

Want to make a world-class financial centre? Dont focus on banks. Focus instead on creating the new industries whose money your banks will handle. This presentation reviews the way that financial centres grow -- and talks presents the law which can help foment such a financial centre. For more, see https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

The first in a series of informal videos I made for my class at Columbia U in Comparative Budgeting and Public Financial Management. Focuses on the course's skills and cases. The quality isn't great -- but why not to share with those interested?

The second in a series of informal videos I made for my class at Columbia U in Comparative Budgeting and Public Financial Management. Focuses on using class skills to succeed in mid-terms and finals (ie analysing real-world, practical cases). The audio quality isn't great -- but why not to share with those interested?

The fourth in a series of informal videos I made for my class at Columbia U in Comparative Budgeting and Public Financial Management. Focuses on using data to take decisions about government budgets and financial statements. The quality isn't great -- but why not to share with those interested?

The third in a series of informal videos I made for my class at Columbia U in Comparative Budgeting and Public Financial Management. Focuses on using class skills in practical case study applications. The quality isn't great -- but why not to share with those interested?

How much extra money can Qianhai companies make -- in a world where local governments adopt the best policies possible? About 10 times more than they would otherwise.

Qianhai can become so much more than just another urban development. We show the data about designing better urban innovation incubators. And review Hong Kong's failed innovation policy. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2907608