Tag Archives: institutions

Rebuilding Amidst Conflict, from Kosovo to Syria

Syrian Economic Forum students learning civic education in Syria.

Syrian Economic Forum students learning civic education in Syria.

The Syrian Economic Forum (SEF), an innovative think tank dedicated to strengthening the Syrian economy and promoting democratic and sustainable development is faced with an extraordinary challenge ahead. With nearly 5 million Syrian refugees and 6.6 million internally displaced persons, SEF must operate in an increasingly uncertain and volatile landscape, amidst a war that has ravaged the country and impaired both political and economic institutions. To rebuild Syrian society and empower a new generation that has suffered the consequences of war, SEF (based out of Gazientep, Turkey) has embarked on a campaign to create a new educational model focused on entrepreneurship, leadership, and civic engagement. This new model involves training and equipping youth with the knowledge and skills to be productive citizens and to re-imagine what it means to be a Syrian citizen. SEF has succeeded in becoming a leading voice for the Syrian private sector, even though managing a think tank amidst widespread conflict is a difficult task.

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Remembering Ronald Coase’s Legacy: Remarks by Oliver Williamson

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As the Economist once chided, “the economics profession was slow to recognize Ronald Coase’s genius. He first expounded his thinking about the firm in a lecture in Dundee in 1932, when he was just 21 years old. Nobody much listened. He published ‘The Nature of the Firm’ five years later. It went largely unread.” Today Coase is revered as a leader in the field of New Institutional Economics (NIE) and a pioneer in exploring transaction cost,  a concept that transformed the field of economics.

This month’s Economic Reform Feature Service article draws from remarks by Nobel Laureate Oliver Williamson at “The Next Generation of Discovery: Research and Policy Change Inspired by Ronald Coase,” a celebration of Coase’s and relevant theorists’ work co-hosted by CIPE and the Ronald Coase Institute.

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Kenneth Arrow: Directions of Research in the Coasean Tradition

Marginal Revolution blogger and George Mason University Professor Tyler Cowen moderates a panel on the future of economic research, featuring Nobel laureate Kenneth Arrow.

Marginal Revolution blogger and George Mason University Professor Tyler Cowen moderates a panel on the future of economic research, featuring Nobel laureate Kenneth Arrow.

Last year, CIPE and the U.S. Chamber of Commerce partnered with the Ronald Coase Institute to host a conference that celebrated the legacy of Ronald Coase and review research inspired by his work. Ronald Coase is perhaps best known for his explanation of the importance of transaction costs, property rights, and institutions to the functioning of an economy. A primary thought leader for new institutional economics, he received the Alfred Nobel Memorial Prize in Economic Sciences in 1991.

To recognize the anniversary of the conference, “The Next Generation of Discovery: Research and Policy Change Inspired by Ronald Coase,” CIPE focused this month’s Economic Reform Feature Service article on remarks given by Nobel Laureate and Professor of Economics Emeritus at Stanford University Kenneth Arrow.

To quote Arrow in his opening remarks, Ronald Coase’s work was “provocative, so undriven by fads.” In taking his own independent course, Coase challenged assumptions and norms, and left behind a wealth of insights that continue to influence today’s economic research agenda in a range of fields.

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Riinvest Institute Celebrates 20 year Anniversary

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CIPE’s long term partner Riinvest Institute for Development Research is celebrating their 20th anniversary this year. To mark the occasion, Riinvest held a conference on May 15 and 16 titled, “Activating the Sources of Economic Growth in Kosovo”. The conference brought together an impressive audience— the President and the Prime Minister of Kosovo*, the Deputy Minister of Finance, the World Bank Country Manager, other high level public officials, academics, business people, NGO leaders, the donor community, and members of the media.

*Kosovo’s newly-elected Prime Minister, Isa Mustafa, is the former President of Riinvest.

Riinvest leaders presented awards to a number of partners, individuals, and organizations who have supported the organization since its inception. CIPE had the honor of being presented the first two awards, one for Executive Director John Sullivan and one for the organization as a whole. CIPE Senior Consultant Carmen Stanila kindly received both awards on behalf of John and the organization.

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Property Markets, the Rule of Law, and Real Estate Investment

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Real estate investors are attracted to the United States because its strong legal system protects their investment and because of the easy availability of accurate information. (Photo: Wikimedia Commons)

I recently participated in George Washington University’s 2015 Global Real Estate Conference in New York. Having been invited to share CIPE’s work developing the International Property Markets Scorecard at the International Real Estate Federation’s (FIABCI-USA) annual meeting, which dove-tailed with the conference, I took the opportunity to educate myself on the current happenings in the real estate field and see how CIPE’s work might resonate with the professionals most connected to international investment in property.

Headliners at the conference included international representatives from such prominent companies as Morgan Stanley, CBRE, Knight Frank, and Cushman & Wakefield. Mostly I learned a great deal of “inside baseball” language and can now boast a broader vocabulary, but there was another theme that kept coming up. Whether talking about mitigating risk, conducting valuation of property, or trying to determining capitalization rates, it all came down to the need for reliable information and a stable environment that allows for confident investing.

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Celebrating Ronald Coase’s Legacy with Practical Approaches to Economic Reform

Marginal Revolution blogger and George Mason University Professor Tyler Cowen moderates a panel on the future of economic research, featuring Nobel laureate Kenneth Arrow.

Marginal Revolution blogger and George Mason University Professor Tyler Cowen moderates a panel on the future of economic research, featuring Nobel laureate Kenneth Arrow.

Ronald Coase was one of the most influential economists of the 20th century. As important as his theoretical contributions was the simple but profound idea of moving away from “blackboard economics” to look at real-world problems and how institutions actually work. This is an insight that informs our work at CIPE, and which influenced many new ideas and approaches in economics over Coase’s long working life (he published his last book at the age of 101, a year before his death in 2013).

On March 27-28, the Ronald Coase Institute and CIPE honored these contributions with a conference highlighting research and policy in the Coasean tradition, featuring Nobel laureates Kenneth Arrow and Oliver Williamson, distinguished senior scholars and practitioners, and young alumni of the Ronald Coase Institute.

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Creating a New Educational Paradigm for a War-Ravaged Country

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Making a difference in an environment like Syria is not an easy task. Decades of authoritarian rule have quashed civic life and discouraged young Syrians from aspiring to leadership in their society. On top of that repressive history are now four years of brutal war.

You hear the numbers. Over 200,000 killed. 3.2 million refugees. 6.5 million internally displaced persons (IDPs). An economy that will require at least a decade of reconstruction. You hear the horror stories. The regime drops barrel bombs on densely populated civilian areas. Dissidents are tortured as they languish in jail. Women are forced into sexual slavery by extremist fighters. Children cannot attend school because their classrooms are destroyed or they must find work in order to help feed their family.

To win back a generation at risk of being lost to this war, CIPE is working with its partner the Syrian Economic Forum (SEF) to create new educational paradigm for Syria. With private sector leadership and solutions, SEF is running a CIPE-supported course for recent Syrian high school graduates who have been displaced by the conflict in the border town of Kilis, Turkey (now home to more Syrians than Turks). The course provides an immersion in entrepreneurship, leadership, and civic skills and is being considered for broader application by authorities in the moderate opposition.

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