Tag Archives: private sector

Why Words Matter

Created with WordItOut.

Created with WordItOut.

Researchers have recently identified 23 words they term “ultraconserved,” meaning they haven’t much changed since the end of the Ice Age 15,000 years ago. These words—mother, man, fire, worm, and spit, among others­—sound and mean the same in most Eurasiatic language families. The most commonly shared word is “thou” – the singular form of “you”. Imagine that. Among the nearly 700 languages in these families, stretching from Great Britain to Western China, the Arctic to southern India, all of them share a very close version of this word.

Words matter because they allow us to communicate clearly. A decade ago, no agreed-upon phrase existed in Arabic for corporate governance, making debate and reform difficult. An issue can’t be addressed if it can’t be clearly defined. To that end, a CIPE-led effort resulted in the first standardized term for “corporate governance” in the Arabic language: hawkamat ash-sharikat. Developing a common term opened the door for broad-based dialogue on corporate governance in the Arab world.

Sometimes it seems that CIPE has its own language. Look at the word cloud above, created from CIPE’s 2012 Annual Report. Democracy, business, governance, public sector, private sector. These words are probably familiar, but it might not be immediately clear how they work together.

If you look at it more closely, however, you’ll see they are parts of a fully functioning, democratic, free market society. All of the pieces move together—an empowered, informed electorate can hold its government accountable. A strong private sector forms the engine of job creation and economic growth within a society. A true democracy is dependent on its citizens, its private sector, and its government to act in good faith and with good intentions.

Words matter for what they represent. The words in the image above represent the hard work of CIPE’s partners over the last year. Their stories and successes are inspiring, and we hope you’ll take the time to read about them here.

A Business Agenda for Democracies

Andrew Wilson of CIPE speaks at the 7th Ministerial Meeting of the Community of Democracies in Ulaanbaatar, Mongolia.

Andrew Wilson of CIPE speaks at the 7th Ministerial Meeting of the Community of Democracies in Ulaanbaatar, Mongolia.

The seventh ministerial meeting for the Community of Democracies (CD) was held last month in Ulaanbaator, Mongolia. This year, for only the second time, the business community met as the Corporate Democracy Forum (CDF) to share its views with the CD ministerial, and CIPE was invited to participate.

The Community of Democracies is an intergovernmental coalition of over 100 democratic nations established by Polish Foreign Minister Bronislaw Geremek and U.S. Secretary of State Madeline Albright in 2000 to promote democratic rules and strengthen democratic norms and institutions.

In conducting its work the CD actively seeks input from a number of stakeholder groups including women, youth, parliamentarians, and civil society, who also gather during the ministerial meetings to provide their own viewpoints and recommendations on what the organization’s priorities should be and how to achieve its goals. The CDF represents the private sector’s voice in that discussion.

The overriding theme that dominated the CDF’s discussions was the concept of companies exercising a stronger sense of corporate citizenship, in which they recognize the broader role and leadership position they have within democracies as wealth creators, employers, taxpayers, and leaders.  For their part, governments need to encourage companies to take a stronger role, and welcome them in partnership.

Organized by the Mongolian Chamber of Commerce and Industry, the meeting highlighted steps that both the public and private sector can take to promote democracy through actions in three areas: improving public-private dialogue, promoting anti-corruption actions, and corporate social responsibility.

The CDF recognized that sustainable economic development must be based on private sector growth, and, as a stakeholder in this process, business requires an equal seat at the policy table. While sounding simple this task often requires a commitment from both sides of the dialogue that sometimes signals a change in the way things are done. Government officials have to get used to the idea of business as a policy partner, and businesspeople must be prepared to enter into dialogue in a thoughtful and constructive fashion.

Recognizing that the business community is not a monolith the CDF called on CD members to ensure inclusiveness by extending their dialogue to the broader business community including, national, regional, sectoral, and women’s business groups.

In terms of the fight against corruption, the CDF recognized that businesses are part of the “supply and demand” equation that allows corruption to flourish, and as such the business community has an obligation to lead through example. The CDF highlighted the work of programs such as the World economic Forum’s Partnering Against Corruption Initiative (PACI), and other efforts led by business associations and NGOs that seek to help companies improve ethical standards and implement anti-corruption initiatives. The CDF called on CD governments to encourage the establishment of such efforts.

In the field of corporate social responsibility, the meeting highlighted the important role business  has to play in promoting sustainable development. To this end, the CDF’s deliberations put the emphasis on private sector action in finding ways to support the implementation of all 10 Millennium Development Goals in a fashion that encourages sustainable and “green” development in transitional and aspiring democracies. As with the other topics for discussion, emphasis was placed on the need for effective public-private dialogue on how to achieve these goals.

The overall sense at the CDF was one that appreciated the opportunity the CD has extended to all the stakeholder groups to provide their input on a more visible and equal footing, showing that sustainable democracy is built on consensus and inclusion. It is a lesson other international inter-governmental bodies could more effectively learn.

Andrew Wilson is Regional Director for Eastern Europe & Eurasia and South Asia at CIPE.

A Global Voice for the Private Sector

doha-conference-participants

In 2013, the world faces many challenges, ranging from youth unemployment to the destruction of the environment to armed conflicts that continue to take lives and devastate countries. This week, more than 2,000 representatives of Chambers of Commerce from around the world gathered  to discuss these issues — and the role of the private sector in addressing them — at the 8th World Chambers Congress in Doha, Qatar.

The themes were as diverse as the participants, but one common thread emerged: the business community needs to be involved in helping to solve these pressing problems. And private sector voices are most effective in a democratic context.

Indeed, many of these issues are linked, often to issues of economic exclusion, which can incite violence and perpetuate cycles of conflict and poverty. “Enemy number one to economic development is armed conflict,” said Joost Hintermann of the International Crisis Group, quoting IMF Managing Director Christine Lagarde.

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The Role of the Private Sector in Syria’s Future

syria-event

In a previous blog post, I presented some of the harsh economic realities of today’s Syria and highlighted the work that the Syrian Economic Forum (SEF) is doing to create a better future. On April 18, CIPE hosted a panel discussion on the “Role of the Private Sector in Syria’s Future” at its Washington headquarters to explore the challenges of reconstructing and rehabilitating the country and the solutions the business community is uniquely placed to provide.

The event featured Ayman Tabbaa, Chairman of the Syrian Economic Forum (SEF); Dr. Samer Abboud, Assistant Professor of History and International Studies at Arcadia University; and Faysal Itani, Fellow at the Rafik Hariri Center for the Middle East at the Atlantic Council. CIPE Regional Director for the Middle East and North Africa Abdulwahab Alkebsi moderated the discussion.

Ayman Tabbaa, a businessman himself, emphasized that Syria’s economic woes are a product not only of the ongoing war which has ravaged the country over the last two years, but of failed social market policies over the last decade. Future economic policies must be grounded in the rule of law and encourage the growth of small and medium sized enterprises in order to bring prosperity to the country.

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The Need to Prioritize Economic Development in Egypt

A market in Egypt (Photo: Wikimedia Commons)

A market in Egypt (Photo: Wikimedia Commons)

Sally Roshdy is a CIPE-Atlas Corps Think Tank LINKS  Fellow serving at the Project on Middle East Democracy (POMED) .

In Egypt, my home country, the rulers and the political elite are immersed in a struggle for power and have forgotten the simplest principles of good governance: to deliver economic opportunities to their citizens.

Given the current economic crisis in Egypt, a new approach that prioritizes economic development should be adopted. By supporting small enterprises, the government can build a stronger economy and empower people in need to be productive. This way, those in need of assistance are more than just aid recipients; they are contributors to the overall economic growth.

New and well-planned initiatives must be created to improve Egypt’s economic and social conditions. These initiatives should involve all three sectors – the government,  private sector, and civil society.  

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Political Parties Ask Business Community to Present Economic Manifesto for Pakistan

President Conference 1

The Chambers President’s Conference provides an excellent opportunity for business community leaders to focus on a single key agenda point – how to advocate for business-friendly policy reforms – This is the only such event in Pakistan that brings business community leaders together under one roof for intense and constructive discussions.” – Manzar Khurshid Shaikh, President, Rawalpindi Chamber of Commerce & Industry

For the fifth year in a row, on February 25-26, 2013, leaders of Pakistan’s business community assembled at Bhurban near Islamabad to participate at the Fifth All Pakistan Chamber Presidents Conference. Thirty-three chamber presidents representing large and small chambers from across Pakistan deliberated on how the next government should act on improving conditions for doing business in Pakistan. The Rawalpindi Chamber of Commerce and Industry spearheads this event in collaboration with CIPE Pakistan.

This year’s conference was unique as, for the first time in this history of Pakistan, representatives from five key political parties faced direct questions from business leaders. Pakistan Peoples’ Party, Pakistan Muslim League (N), Pakistan Muslim League (Q), Muttehda Qaumi Movement (MQM) and Pakistan Tehreek-e-Insaf (PTI) attended the meeting. There was an agreement from politicians that the next government must improve the conditions for doing business in the country, which will not only stop capital flight, but also provide employment opportunities.

Interestingly, they arrived on a consensus on the business community’s demand for an effective business-focused manifesto. It was agreed that after the elections, key political players will again sit down with business community leaders to get feedback on specific reform agenda.

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Kenya’s Imperfect Election

Kenyan citizens line up to cast their ballots in today's election. (Photo: Voice of America)

Kenyan citizens line up to cast their ballots in today’s election. (Photo: VOA)

Long lines as biometric kits fail, sporadic violence that has resulted in death, and accusations of vote buying have not stopped more than 14 million Kenyans from heading to the polls. The international community and many Kenyans are worried that today’s election could result in a repeat of the 2007 election that resulted in more than 1,133 deaths and hundreds of thousands of displaced people. While not perfect, it does seem that Kenya’s 10th election since independence in 1963 will not be a repeat of 2007.

The dynamic has changed. First, Kenyans showed when they approved the constitution in 2010 that they had a new vision for the future. Second, while many political campaigns are still based on tribal affiliation as in the past,  the current candidates do not want to be accused of instigating violence. Kenya has revitalized its judiciary and the heavy hand of the International Criminal Court seems to be in the back of every candidate’s mind. Third, Kenyans themselves realize that in 2007 they stepped up to the precipice and almost dissolved into a failed state, and this time around citizens and civil society have had five years of preparation to prevent a repeat of the past.

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