First Quarter 2014

First Quarter 2014

Israel Catches Up

Yes, they can. by Nathan Richardson


Been down so long… by Bill Frey

Corporate Income Tax Reform ... Dreaming On

Should corporations render unto Caesar? by Eric Toder

China's Latest Growing Pain

Bringing prosperity to the boondocks. by Yichuan Wang

The Drones Are Coming!

And not just from Amazon. by Larry Fisher

Where Banks Are Few, Payday Lenders Thrive

Prescription for rate gouging. by James R. Barth, Priscilla Hamilton and Donald Markwardt

The Baltics Show the Way Back

Little engines that do. by Ed Dolan

First Climate, Now Water

Big trouble ahead. by Thomas Healey

Copyright: Hope v Reality

Too much protection? by Stan Liebowitz

The Entrepreneurial State

Mariana Mazzucato explains why we need government to jump-start technology.

Institute News

Hot off the press.

Summary of this Issue

In the latest Milken Institute Review, business journalist larry fisher looks closely at technology that is literally sneaking up on us. "A host of companies are racing to market with unmanned aerial vehicles intended for non-military applications, from wildlife tracking to real estate marketing to last-mile package delivery," he writes. "The technology is flying ahead, far in advance of regulations governing safety and privacy."

Also in this issue: A look at the sky-high interest rates paid by the working poor for "payday" loans, used to tide them over to the next check, as symptoms of reversible market failure; an optimistic view of the EPA's plans to regulate emissions and their likely effectiveness;; an economic analysis of the Baltic states surprising recovery after the great recession; a survey of the minefield of corporate income tax reform; a look at the crucial role of social services in closing de-stabilizing income gaps between rural and urban settings in China; a view of the gravity of the global "water crisis,"; a rundown of all you need to know about the economics copyright law, and more.