Tag Archives: investment

Democracy that Delivers Podcast #54: Bill Endsley on How Property Rights Are Essential for Business Development and Economic Growth

Podcast guest Bill Endsley

On this week’s Democracy that Delivers podcast, Secretary General of the International Real Estate Federation – USA, Bill Endsley, discusses the importance of property rights for economic growth and prosperity.

Endsley talks about how a lack of property rights, or inadequate access to information on property rights, can undermine markets and impede business development. He highlights trends in Southeast Asia, Eastern Europe, the Middle East, and Africa, and explains how – even in markets where there is thriving real estate development – poorly functioning property markets can undermine the health and sustainability of the economy. He discusses lessons the rest of the world can learn from the U.S. subprime mortgage crisis.

Endsley also talks about the property markets scorecard project that has mapped out the ecosystems of property markets in 30 countries so far. He highlights resources available through the project and discusses reforms that have been identified as a result of the scorecards. Learn more about the scorecards at www.propertymarketsscorecard.com

International Real Estate Federation – USA: www.fiabci-usa.com

Want to hear more? Listen to previous podcasts at CIPE.org/podcast.

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Democracy that Delivers Podcast #34: Murray Hiebert on Aung San Suu Kyi’s Historic Visit to the United States

Podcast guest Murray Hiebert (left), with hosts John Morrell and Julie Johnson

Podcast guest Murray Hiebert (left), with hosts John Morrell and Julie Johnson

In this week’s Democracy That Delivers podcast, Murray Hiebert, Senior Adviser and Deputy Director of the Southeast Asia Program at the Center for Strategic and International Studies (CSIS), talks about the historic visit to the U.S. last week of Aung San Suu Kyi. Hiebert discusses what the visit means for Myanmar’s future, including the peace process and the investment climate in a country where peace and development is long overdue. Hiebert also talks about what the lifting of sanctions will mean for the inflow of foreign direct investment, and how economic development and the resolution of ethnic grievances through the peace process are linked. Reaction in Myanmar to Aung San Suu Kyi’s visit is also discussed. Hiebert also talks about the tension between the  Muslim-minority Rohingya population and the majority Buddhist population in Myanmar and Aung San Suu Kyi’s commitment to resolve tension between the two groups.

For more information on Murray Hiebert and his work, visit the CSIS website.

CIPE Arabia: Expert Interview with Dr. Ahmed Fikry Abdel Wahab

Ahmed_Fikry_Abdel_WahabThis post originally appeared at CIPE-Arabia in Arabic.

In a brief interview with CIPE-Arabia, Dr. Ahmed Fikry Abdel Wahab shared some of his thoughts on the pervasive informal sector in Egypt.  His concerns center on the potentially negative consequences a large informal sector has on competitiveness, market values, and norms and quality of products.  Abdel Wahab explained that while one might not necessarily describe the competition between the formal and informal sector as dishonest, it could easily be described as unfair.

Unlike informal businesses, formal enterprises have higher costs, which are reflected in the pricing of their products.  In order to be able to compete, some enterprises compromise on the quality of their products thereby creating negative impacts on the industry and the overall market, as well as undermining consumer rights and the competiveness of the Egyptian products in the global market.  He acknowledged that informal businesses suffer from marginalization, lack of access to credit, and meager opportunities for training, advancement and business relations. Abdel Wahab also noted problems faced by informal enterprises in terms of limited market size, attributing this issue to the quality of their products, which are often not fit for export because they do not meet the minimal quality standards.  As a result, all these factors create unfair conditions with consequences for both sectors as they generate unhealthy competition, negatively impact the market, and undermine the foundations of industry and its values and norms.

Following is a summary of the main points raised by Abdel Wahab during the discussion.

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The Trillion-Dollar Question: Financing the Sustainable Development Goals

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After years of consultation, discussion, and debate, the sustainable development goals (SDGs) that will guide development efforts for the foreseeable future are close to becoming a reality — meaning a global commitment to end poverty in all its forms everywhere and eliminating extreme poverty entirely by 2030. But one crucial question remains: how to pay for it all?

The Financing for Development (FfD) conference met in Addis Ababa, Ethiopia earlier this month to try to reach an agreement on the right mix of development aid, taxes, loans, trade, and private investment to pay for the ambitious agenda set out in the SDGs, building on the failures and successes of the previous Monterrey Consensus and Doha Declaration.

Following the FfD conference, the Center for International Private Enterprise’s (CIPE) convened a panel of experts to reflect on the new SDG financing framework and outline important steps leading up to the summit in September where 193 heads of state will converge to ratify the goals.

Hosted by CIPE Executive Director John D. Sullivan, the panel featured Trevor Davies of KPMG, Christopher Jurgens of the United States Agency for International Development (USAID), Louise Kantrow of the International Chamber of Commerce (ICC), Kamran M. Khan of Millennium Challenge Corporation (MCC), and Sarah Thorn of Walmart.

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Are Remittances Really Remiss?

Remittances in Somalia

By Otito Greg-Obi

It is a popular opinion in the international development community that remittances – money transferred by a foreign worker back to someone in his or her home country – can have a negative effect on economic growth because recipients tend to spend cash flows on day-to-day subsistence. However, research shows that the opposite is true. A study on the effect of remittances on growth in Africa reveals that remittances seem to have an overall positive effect on Gross Domestic Product (GDP). When compared to foreign aid and Foreign Direct Investment (FDI), a 10 percent increase in remittances leads to a 0.3 percent increase in the GDP per capita income.

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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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Who Will Reap the Benefits of China’s Growing Presence in Africa?

By Brian Jackson

Recently, there have been many articles in the media outlining both the positive and negative implications of China’s growing investment in Africa. On one hand, many accuse China of promoting another period of colonization and exploitation on the continent and preventing Africa from becoming economically independent. Yet on the other hand, some praise the investments for rejuvenating African industries and infrastructure.

With such conflicting interpretations, many are left wondering how to view all of this. Is Chinese involvement in Africa a good thing, or bad thing? Will it lead to more economic and democratic opportunities for the continent and people, or the opposite?

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