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Mr. Erich Baier was born in 1956 in Vienna, Austria and is owner and CEO of Bilanz-Data Wirtschaftstreuhand GmbH, a tax-law firm in Vienna, which concentrates on domestic as well as international tax-planning and furthermore renders full corporate services to clients. Mr. Baier is member of various international organisations like the IBA and the International Association of Lawyers, the European-American Tax Institute in Europe and is member of the Global Advisory Board of the Asian Offshore Association and was accepted as a member of STEP. Mr. Baier contributed to a loose-leaf series on inheritance tax planning, published by Kluwer International and a loose-leaf series on International Succession Laws published by Tolleys. Furthermore he contributed to a loose-leaf series about taxation of international sportsmen published by Nolot BV and to a loose-leaf about Individual and Corporate Taxation, working out the Austrian Chapter which will be published in London in fall 2010.

If studying law has taught me anything, it is that the whole discipline is very misunderstood.

Take the World Trade Organization, for example. It has at its very core the aim of promoting the accrual of wealth in developing nations. Yet for some reason, every time leaders of WTO members get together they are met with throngs of protestors claiming that "globalization" is a huge and elaborate trick to keep the developing nations down.

In fact, decreasing trade barriers between countries is one of, if not the key factor in the recent prosperity seen by China and India. And India is one of the world's poorest countries per capita.

The only people that globalization is bad for are overpaid workers in countries ruled by protectionist governments. Those are countries like the USA and Canada, and much of Europe.