"In classical myth Cerberus was the three-headed dog that guarded the entrance to hell. The Royal Mail Group ('RMG'), as the holding company is currently called, is a three-headed dog that should be put down. This paper examines the problems underlying RMG's three businesses - letters, parcels...

"The author proposes a definition of corruption which requires five conditions to be satisfied simultaneously. The definition is applicable to both the state and private sectors. Empirical work shows that corrupt countries receive less inward investment, pay higher interest on borrowings and...