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Anjali Kumar, a pragmatic lawyer for Google, was part of a rapidly growing population in America: highly spiritual but religiously uncommitted. But when her daughter was born, she became compelled to find God -- or at least some kind of enlightenment. Convinced that traditional religions were not a fit for her, and knowing that she couldn't simply Google an answer to "What is the meaning of life?", Kumar set out on a spiritual pilgrimage, looking for answers -- and nothing was off limits or too unorthodox. She headed to the mountains of Peru to learn from the shamans, attended the techie haunt of Burning Man, practiced transcendental meditation, convened with angels, and visited saints, godd...
Modernisation of the public sector, reforming intergovernmental fiscal relations, enhancing the local capacity to implement local strategies, and developing the legislative and institutional framework for efficient delivery of public services are among the biggest challenges in transition economies. Hungary has been a pioneer in local government reform and the Hungary Subnational Development Program (SNDP) proves the value of an integrated approach.
'...very valuable for both policy-makers and researchers...' Professor Athar Hussain, Director, Development Economics Research Programme, STICERD, The London School of Economics and Political Science 'The really novel idea is to bring together the experience of three rather diverse countries and then to discuss Eastern Europe in the light of this experience. State holding companies are likely to play a major role in Eastern Europe over the next ten years or more but very little has been written on them and few of the people advising the East Europeans have any real knowledge about them.' Professor Robert Rowthorn, University of Cambridge '...rich and substantial...' Professor John Toye, Inst...
Broad-based and inclusive financial systems significantly raise growth, alleviate poverty, and expand economic opportunity. Households, small enterprises, and the rural poor often have difficulty obtaining financial services for a multitude of reasons, including transaction costs, perceived risk, inadequate infrastructure, and information barriers. Yet many financial institutions are now making profitable inroads into underserved markets through formal banking, investment in equities, venture capital, postal banks, and microfinance. Access to Finance addresses the challenges of making financial systems more inclusive, emulating successful ventures in new markets, and utilizing technologies and government policies to support the expansion of financial access. The contributors examine many dimensions of financial access, including: • Measuring financial access • Understanding the impact of expanded access • Examining alternative institutional models • Exploring new technologies and information infrastructure • Evaluating government policies toward outreach.
Women in the Europe and Central Asia region complain about loss of employment, sexual harassment, violence, poor enforcement of the law, poor political representation, and poor health care. Many greet these complaints with skepticism or dismissal. Is it economic expedience due to the sheer magnitude of the changes taking place under the transition? Did the Soviet legacy delude observers into believing that there is gender equality in the region? While budgets shrink, how can gender be integrated into country department work programs? To answer these and other pressing questions regarding the gender issue, the World Bank held a conference in June 1999. Women from the ECA region, Western Europ...
East Asian corporations differ from their counterparts in other countries in important ways. Before the recent financial crisis these differences were viewed as one of the reasons for the success of East Asian economies. The crisis altered that view, and many scholars now argue that the weak corporate governance and financing structures of East Asian corporations are partly to blame for the recent crisis. This paper reviews several features of East Asian corporations, showing that they have high leverage and concentrated ownership, are typically affiliated with business groups, and operate in multiple industries. These characteristics affected the performance of corporations prior to the crisis as well as their ability to deal with its aftermath. Each economy's level of development also affected how these characteristics interacted with firm performance and valuation. Finally, the concentration of ownership in the hands of a few large families may have influenced economies' institutional development.
World Bank Technical Paper No. 383. This paper summarizes the findings of a multisector study designed to examine the efficacy and importance of various technology policies, technology-support institutions, incentive measures, and other sources of technological know-how. It examines how various firms in different sectors and countries improve their technology to increase productivity and product quality and develop new products and processes. Economies studied in this report included Canada, China, Hungary, India, Japan, Republic of Korea, Mexico and Taiwan (China).
Environmental health remains at the periphery of sustainable development, because it is inadequately defined and institutionally fragmented. This publication aims to provide ways of addressing this multisectoral problem. It is in three parts. The first looks at harmonising sectoral priorities and shows that environmental health can target at least as much disease as the health sector. The second part provides environmental health assessment guidelines. The third part looks at the results of a pilot project to put theory into practice in Ghana.
Technological developments in electronic finance have changed the nature and delivery of financial services in recent years, especially through the use of online banking, online trading and brokerage services. This report reviews the developments in e-finance and analyses the implications for consumers, financial service providers and governments. Issues discussed include: the impact on competition within the financial services industry; how financial sector policies in emerging markets are affected; public policy and regulatory requirements.
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