Feature Service Articles
Latest Feature Service Article
Article at a Glance:
- Ronald Coase’s key insights about the theory of the firm and transaction costs continue to influence the economic research agenda today.
- Within a firm, the price system and constantly contracted tasks would be more costly than authoritative allocation of resources and labor.
- The implication of Coase’s work for corporate governance and the imperfect aspects of prices as a coordinating mechanism in the economy require further research.
The role of the private sector in building democracies that deliver prosperity and opportunity to all citizens is often overlooked. That is why the contribution made by private sector participants at the 8th Ministerial Conference of the Community of Democracies is particularly noteworthy. The Ministerial, which took place on July 22-24 in El Salvador, gathered representatives of governments, parliaments, civil society, the private sector, and youth in the capital of the Community’s 2013-2015 Presidency, San Salvador. The leading theme for El Salvador’s Presidency was “Democracy and Development.” About 800 participants from more than 70 countries attended.
The Conference facilitated more in-depth interactions between representatives of civil society, parliaments, the private sector, and youth in designated sectoral forums. These forums took place on the opening day of the Conference and met simultaneously to discuss the most urgent issues in their areas of expertise and make recommendations to the participating governments. The Center for International Private Enterprise (CIPE) organized a panel at the Private Sector Forum on the topic of Public-Private Dialogue (PPD).
The Private Sector Forum produced a Declaration that emphasizes the principles of dialogue and corporate social responsibility as key elements of progress toward democracy and development. The Declaration of the Private Sector Forum was subsequently presented to high-level government officials from around the world during the final day of the Ministerial.Read more...
Inclusive, participatory democracies thrive when all citizens, including youth, are engaged. Communities benefit when young people play an active role in the economy and the policymaking process. When youth are active stakeholders, societies become more democratic because governments and markets become more accountable to their citizens.
In celebration of International Youth Day, this month’s Feature Service Article highlights the work of recent CIPE-Atlas Corps Think Tank LINKS alumnus – Bahaa Eddin Al-Dahoudi, Hiba Safi, Huma Sattar, and Lawrence Yealue. Their articulate stance on their country’s political, economic, and social issues highlight how youth are helping strengthen democracies around the world. All of the following pieces were originally posted on CIPE’s Development Blog.Read more...
Article at a Glance
- Revitalizing Serbia’s economy requires encouraging more women to engage in the private sector at the small and medium enterprise level
- Women-to-women mentorship is crucial for supporting and nurturing the growth of women entrepreneurs because it helps build the mentees’ confidence to expand their businesses
- Local women’s business associations, which understand the local challenges that women entrepreneurs face, are great contributors to the entrepreneurship ecosystem for women business owners
Article at a glance
- Improving Nicaragua’s economy involves supporting women to expand their businesses at the micro and small enterprise level
- Leadership and confidence building are key factors for women entrepreneurs to expand their businesses in Nicaragua
- Exposing university students to real-world business environments through internship opportunities is important to spur professional and personal growth
Article at a glance
- Ronald Coase argued that the task of economics, like the study of biology, was to understand the real world, specifically the workings of the economic system: consumers, firms, and institutions.
- He called for researchers in general, and economists in particular, to use realistic theories and examples, to carefully study real world institutions, and to weigh the costs and benefits and practical consequences of alternative courses of action.
This article is based on a speech delivered on March 27, 2015 in Washington, DC at a conference titled, “The Next Generation of Discovery: Research and Policy Change Inspired by Ronald Coase.” The conference was co-hosted by the Ronald Coase Institute and the Center for International Private Enterprise to pay tribute to Ronald Coase and celebrate his legacy.Read more...
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Call for Items
CIPE welcomes articles submitted by readers. Most articles run between 3-7 pages (1000-3000 words), but all submissions relevant to CIPE's mission of building accountable, democratic institutions through market-oriented reform will be considered based on merit. Economic Reform Feature Service articles are primarily geared toward an international, non-academic community of businesspeople, economic reformers, and policy-makers. Specific policy recommendations and articles based on direct experience are encouraged. In addition to articles, we are willing to adapt suitable lectures, speeches, research notes, and academic papers.
Articles should be sent to: firstname.lastname@example.org.