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IFC Discussion Paper No. 38.QUOTEIt is now universally acknowledged that ownership matters; that private ownership in and of itself is a major determinant of good performance in firms... Decent economic policy and well-functioning legal and administrative institutions... matter greatly as well.QUOTEThis paper looks at what happens when the shift to private ownership gets far out in front of the effort to build the institutional underpinnings of a capitalist economy. The emphasis is on what went wrong and why and what, if anything, can be done to be correct it. Proposals include renationalization and/or postponement of further privatization, both to be accompanied by measures to strengthen th...
This volume reviews the experience of 25 non-Asian transition economies 10 years into their transformation to market economies. The volume is based on an IMF conference held in February 1999 in Washington, D.C., to take stock of the achievements and the challenges of transition in the context of three questions: How far has transition progressed ineach country? What factors explain the differences in the progress made? And what remains to be done?
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.
While economic theory considers technological progress to be a key factor for sustained long-term economic growth and job creation, technology absorption is particularly an important driver for 'catch-up growth.' This study seeks to identify channels of technology transfer and absorption for Southern African enterprises, constraints to greater technology absorption, and discuss policy options open to governments and the private sector in light of relevant international experience. It has been done based on sector and enterprise case studies carried in four countries: South Africa, Mauritius, Lesotho and Namibia. This study uses a combination of econometric and in depth case study analyses to...
Russia and the Commonwealth of Independent States 2011 is a volume in "The World Today Series". Published and updated annually, this series provides both a short historical treatment and an up-to-date look at the various countries of the entire globe. Russia and the Commonwealth of Independent States deals with the twelve independent republics that became members of the Commonwealth of Independent States following the collapse of the Soviet Union in December 1992. The book focuses strongly on recent economic and political developments with shorter sections dealing with foreign policy, the military, religion, education, and specific cultural elements that help to define each republic and differentiate one from the other. Approximately one-third of the book is devoted to Russia, with shorter sections dealing with Ukraine, Belarus, Moldova, Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. There is also a section dealing with how the Commonwealth of Independent States came into being and how it has evolved since 1992.
This tells of why and how a young Rhodesian army Captain decided in 1963 not to fight the oncoming war over majority rule. His future unknown, he leaves the country for studies in Cape Town; marries; wins a Beit Fellowship to Oxford; and is recruited to a career at the World Bank. In time he becomes an expert on Eastern Europe. Invited home in 1975 to help prepare Rhodesia's transition to Zimbabwe, he spends three years living through the very war he chose to avoid. Rejoining the Bank, he works on Hungary and, in a unique period after communism fell in 1989, he lives in Poland as Resident Representative. A man of two transitions, he explains how they are separate but ironically linked. His b...
EDI Seminar Paper 47. Most of the formerly socialist countries have experienced a high rate of inflation during the transition to a market economy. This collection of papers examines the origins and dimensions of high inflation and critically analy
This book explores public sector entrepreneurship from an international perspective. It features essays from eminent scholars in the field addressing entrepreneurial public policies from different countries. Public sector entrepreneurship is at the cusp of becoming a watchword in international policy circles. This book is a pioneer volume in this emerging field and provides topics and policies that are broadly applicable across different economies. Public sector entrepreneurship refers to innovative public policy initiatives that generate greater economic prosperity by transforming a status-quo economic environment into one that is more conducive to economic units engaging in creative activi...
The main aim of International Marketing, is to provide solid foundations that are useful for explanation, prediction and control of international business activities.
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