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Sound Familiar?

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Posted in Issues Tagged with: , , , ,

A prominent American working as adviser to a foreign government successfully bargains for the details of a new constitution – while quietly arranging a lucrative deal for himself with a foreign company operating in his client state under the new laws. He is exposed and suffers profound embarrassment. Sound familiar? Yes, it’s a little like what happened in 1996, when a little start-up firm backed by Andrei Shleifer’s wife was cleared to offer mutual funds in Russia ahead of established firms like Credit Suisse First Boston and Pioneer, at a time when the Harvard University economist was advising the Russian government