The concentration of wealth in the modern era parallels that of the s and has had similar effects.
In Kenya the central bank warned of a fall in exports of flowers. Vice versa, the heads of these organisations were not loath to call urgently on the G heads of State for speedier and more intensive action. According to the latest estimates, between USD and 1, billion of illicit flows are leaving the developing countries Global Financial Integrity Although the lack of effective methodologies for forecasting the macroeconomic and dynamic impacts of regulation may be the biggest problem facing regulators, the intentional dismissal of the cost of job displacement remains a real shortcoming of agency efforts to promote only those regulations where the benefits are worth their costs.
Richard Bowen, chief underwriter of Citigroup 's consumer division, was demoted with of his employees reassigned allegedly for attempting to inform several senior executives that over 80 percent of their mortgages violated Citigroup's own standards.
The fiscal austerity that hamstrung recovery from the Great Recession was not simply the result of good-faith-but-sadly-mistaken efforts to genuinely assess what the economy needed. Here the case for more adequate funding for statistical agencies and programs must be made: All stakeholders in regulatory policy should collect adequately detailed data to measure these micro effects so that regulations do what they are supposed to, in economically sensible, optimal ways.