This book explores why Internal Rate of Return (IRR) and Net Present Value (NPV) are not necessarily accurate or efficient tools for valuation and decision-making. The author specifically addresses the discounting biases and framing effects inherent in the NPV/MIRR/IRR model and in related...

Many emerging market countries are increasingly affected by their "informal economies", geopolitical risks, U.S. dollar dynamics, legal/regulatory institutions, preferential trade agreements (PTAs), social networks, international labor dynamics, cross-border spillovers (from developed countries...