But as the economy develops, U.S.-style compensation packages are spreading.

FORBES: Capitalism is contagious

The UNESCO Chair develops the political economy of education comparatively within the context of international development objectives.

UNESCO: Chairs and UNITWIN Networks

It is normal for bank lending to grow a bit faster than GDP in an emerging economy as the financial sector develops, but credit is outpacing GDP by an alarming margin in Argentina, Brazil, Hong Kong and Turkey.

ECONOMIST: Economics focus