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Money and Friends
THE STORY: Peter, a professor of pure mathematics, weekends at Crystal Inlet as do most of his friends: Conrad (a star television reporter) and his wife Jaquie; Stephen (a surgeon) and his wife Penny; Alex (a mega-lawyer) and his wife Vicki; and Ma
Free Trade Area Membership as a Stepping Stone to Development
The ASEAN free trade area (AFTA) was created in 1992. This book presents an overview of the mechanisms of AFTA as well as individual country reports of the costs and benefits of membership. The final chapter looks at the potential impact on economic growth.
Gender-related Legal Reform and Access to Economic Resources in Eastern Africa
The impetus for change in African legal reform is coming primarily from African women themselves, as they respond to their personal and practical experiences with the law. Top-down imposition of norms has not worked; if legal reform is to lead to sustainable equity for women, the voices of these women must be heard. Given that previous efforts to ensure greater equity in personal laws have not been fully successful in eastern African countries, any new legal initiatives must not repeat the mistakes of the past. Law must not again remain merely on the books as a legitimizing tool that reinforces or supports gender discrimination, but must actively protect and guard the interests of both men and women. This paper attempts to draw out some possible lessons from past experience to inform new efforts at legal reform in these countries. It examines the laws related to allocation of economic resources within households in the broader historical, social, and cultural context in some of these countries, and examines the effectiveness of these laws in challenging gender relationships.
Strategic Management for Government Agencies
This paper presents a conceptual framework for the strategic management of government agencies in developing and transition economies. It delineates a working model of an efficient government agency for which core strategy, internal organizational design, and external environment are aligned. It then demonstrates how the objectives of public sector management are ideally based on assessments of "areas of misalignment" in government agencies.
Poverty Reduction and Human Development in the Caribbean
World Bank Discussion Paper No. 366.Despite impressive success in improving living conditions in many Caribbean countries, poverty still persists throughout the region. This study seeks to improve our understanding of poverty in the Caribbean and the current efforts to address it. It analyzes the causes and characteristics of poverty in 15 Caribbean countries and reviews the experiences with the poverty and alleviation efforts that countries have pursued. Prepared for the 1996 meeting of the Caribbean Group for Cooperation in Economic Development, this report provides recommendations on how macroeconomic and social policies can be further oriented to reduce poverty and promote human resource development.
Vital Signs 1999-2000
This annual volume shows key trends that should be integrated into the planning of our global future. It enables readers to track key indicators that show social, economic and environmental progress, or the lack of it, into 45 vital signs of our time. Each trend is presented as an overview using both text and graphics.
The Regulation of Non-bank Financial Institutions
World Bank Discussion Paper No. 362. There has been tremendous growth worldwide in the mobilization of financial resources outside traditional banking systems. Channeled mainly through capital markets, such rapid financial diversification is posing new challenges for regulators in many emerging markets. This document describes the various aspects and implications of this growth, reviews the regulatory framework adopted in some mature market economies, including the United States and the European Union, and discusses regulatory issues in emerging markets.
Empowering Small Enterprises in Zimbabwe
IFC Lessons of Experience Series No. 5. The project experience accumulated by the International Finance Corporation (IFC) provides a basis for analyzing the way in which the investment framework has changed over time in developing countries and the implications for the success and efficiency of foreign direct investment (FDI) ventures. This report discusses the growth of FDI in the world economy and its role in emerging markets, describes the role of IFC in providing policy advice related to FDI (and the IFC's experience as an investor alongside FDI in developing countries), and draws lessons for how to structure FDI projects and policies to attract such investments. Annexes present and describe global FDI flows, FDI projects involving IFC investment and FIAS advisory assignments, and FDI projects examined in preparing this study. Also available: French (0-8213-4212-6) Stock No. 14212; Spanish (0-8213-4213-4) Stock No. 14213.
East Asia Corporations
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.
