Tag Archives: market economy

Democracy that Delivers Podcast #52: Lindsey Marchessault on Using Open Data To Ensure Public Money is Spent Honestly, Fairly, and Effectively

Podcast guest Lindsey Marchessault

On this week’s Democracy that Delivers podcast, Lindsey Marchessault from Open Contracting Partnership discusses opening up public contracting through disclosure and data engagement so that public money is spent honestly, fairly, and effectively. Marchessault talks about how this is done and the problems that open contracting is trying to address. She provides interesting examples of projects in countries such as Ukraine and Nigeria, and discusses the different roles played by government, the private sector, and civil society in developing impactful and sustainable change. Marchessault also discusses the kind of support and resources available for those who want to implement open contracting, and gives her advice on the most important first step in any open contracting initiative.

Follow Lindsey on Twitter and learn more about the Open Contracting Partnership.

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

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Launching a Platform for Peer Learning for Economic Think Tanks in Southeast Asia

Southeast Asia is currently home to around 8% of the world’s population. Collectively, the countries that comprise Southeast Asia – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam – are projected to become the fourth largest economy globally by 2050, with a combined workforce that is already the third largest in the world – after China and India. The region has experienced rapid economic growth over the past decade and exhibits tremendous diversity in terms of ethnicity, culture, religion and income levels. The establishment of the ASEAN Economic Community (AEC) in 2015 signaled a strong support from members for closer economic integration of these diverse populations.

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Democracy that Delivers Podcast #40: Claude Fontheim on the Need for “Globalization with a Human Face”

Podcast guest Claude Fontheim (left) with hosts Julie Johnson and Ken Jaques.

In this week’s Democracy that Delivers podcast, CIPE Board member Claude Fontheim talks about how the rule of law, transparency, and good governance underpin strong, inclusive development. Fontheim explains that investment alone is not enough and says that support for public institutions is needed to ensure that the benefits of trade and economic growth reach all segments of society. He further discusses the direct link between development around the world and U.S. national security interests.

During the episode, Fontheim also talks about how U.S. companies contribute to the good governance of countries they invest in, and how they partner with NGOs and civil society to support initiatives in sectors such as health, education, and women’s rights.

Fontheim also discusses his early work with the Democratic Leadership Council and how he was inspired by Bill Clinton’s vision of “globalization with a human face.” He also shares how his family’s experience during the Holocaust shaped his world view and generated his interest in the forces that knit societies together and create peace.

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

Subscribe to the podcast on iTunes or on your Android device.

Like this podcast? Please review us on iTunes to help other listeners find the show.

Trade Facilitation in the Trans-Pacific Partnership

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By Michael Merriam

In recent months, research on global trade has been divided over the effects of a long negotiated trade partnership for twelve Pacific Rim nations. Signed by Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam, the Trans-Pacific Partnership (TPP) is, by GDP of signatory nations, the largest free trade pact in the history of the world. With many standards and provisions, the agreement’s depths contain articles that deal with a variety of subjects ranging from intellectual property rights to environmental protection. According to the Office of the U.S. Trade Representative, there will be 18,000 different taxes on American products that will be reduced or eliminated by adoption of the TPP. Beyond the benefits to the United States, the increased trade promotion and tariff reduction of the TPP promises to advance job creation, good governance, trade competitiveness, and stable economic growth on both sides of the pacific. Most significantly, the TPP incorporates greater trade facilitation requirements than past regional trade pacts, a hopeful sign for the future of global trade.

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Crunch Time for Egypt’s Economic Reform

via Wikimedia Commons

via Wikimedia Commons

This blog originally appeared in Arabic on CIPE-Arabia.org

Indeed, Egypt is going through a very difficult period. The current economic situation is intrinsically linked to the accumulated weight of poorly addressed economic challenges over the past forty years.  Economic problems were either ignored, or in other instances, their root causes were not addressed in a profound and decisive manner.  On the other hand, undoubtedly, Egypt has all the capabilities to become one of the largest world economies.  This potential has been noted in reports of financial institutions such as the 2010 Citibank report.

The current difficulty stems from fact that there is no alternative to undertaking a comprehensive economic reform program. However, in the short run all Egyptians- the wealthy, the poor, and the middle class, will have to bear the brunt of these reforms. That said, with sound management of reform program, Egyptians will enjoy the fruits of reform in the medium to long run.

There can be no doubt that enacting economic reforms is crucial for Egypt’s progress. Thus, “No,” is my final unequivocal answer to the most critical question of whether Egypt has other alternatives to entering into the loan agreement with the International Monetary Fund (IMF).

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A Trinity of Trade: Africa soon to Launch TFTA

Map of TFTA

By Otito Greg-Obi

Recently, African heads of state gathered together in Egypt to sign the Tripartite Free Trade Area agreement (TFTA) which will join the forces of the East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA), and the Southern African Development Community (SADC).

Free trade is crucial to global economies because it reduces tariff barriers which in turn results in trade creation. The benefits of trade for developing nations in general are numerous. To name a few: first and foremost, trade allows for specialization meaning countries can build a comparative advantage by focusing on producing goods with low opportunity costs. Secondly, trade encourages healthy competition which incentivizes businesses to increase efficiency and cut costs. Lastly, trade can reduce dependence on existing markets and stabilize countries affected by seasonal changes in markets.

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Riinvest Institute Celebrates 20 year Anniversary

Riinvest 20th Anniversary 2

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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