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An improvement in the quality of information has two effects on the ex ante welfare of individual countries: A direct effect that increases the efficiency of global capital allocation and welfare, and an indirect general equilibrium effect that increases asset price volatility and may decrease welfare.
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In Clarke's world, capital allocation is paramount.
And its impact on the allocation of global capital is even bigger than its current-account surplus suggests.
The Companys business fundamentals are solid with strong global growth led by Infrastructure, robust orders and increasing backlog, a Triple-A-rated balance sheet, healthy cash flow, and disciplined capital allocation..
Our global strategic asset allocations are highly diversified and robust optimized portfolios, designed as core investments for efficient exposure to global capital markets.
The other is capital allocation".
It is a matter equally of capital allocation and taste.
"A careful capital allocation strategy is our risk control".
It's a very poor capital allocation decision.
"In aggregate, it really contributes a lot to the efficiency of capital allocation, and capital allocation is very important," he said.
She added that Yahoo "will continue to focus on evaluating various capital allocation initiatives".
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