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- 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...
Building Bridges: Why and how key linkages between economics, democracy, and governance affect economic growth
The debate on the best strategies to generate economic growth remains as relevant as ever, especially when it comes to the nature of political systems worldwide. What we have learned over the years is that to sustain inclusive economic growth over extended periods of time, it is essential that countries look more closely at the importance of democratizing reform and governance processes. In other words, democracy plays a key role in a country’s socio-economic development and economic reform is inseparable from the surrounding political climate.Read more...
Moldova's Path to Reforms
In April 2009, flawed elections in Moldova triggered the so-called “Twitter revolution,” a wave of public protests made up primarily of young people that put Moldova in the global spotlight. As in the recent uprisings across the Middle East, the sources of Moldova’s widespread discontent were both political and economic in nature. Young people were shocked by the results of the election and suspected fraud since not many of them had voted for the winning Communist Party. Additionally, they were dissatisfied with Moldova’s economic development.Read more...
When addressing corruption and transparency, international development organizations and projects tend to view civil society organizations as passive participants who advocate for action by government agencies but take no direct responsibility for reforming corrupt systems themselves. However, according to Alina Mungiu- Pippidi, professor of Democracy Studies at the National School of Administration and Political Science of Bucharest, “To date few successes have resulted from this investment [in anti-corruption projects]. Few anticorruption campaigns dare to attack the roots of corruption the distribution of power itself. Instead, anticorruption strategies are adopted and implemented in cooperation with the very predators who control the government and, in some cases, the anticorruption instruments themselves.”Read more...
Why Property Rights and Markets Matter
Property rights are among the most fundamental principles enshrined in Article 17 of the United Nations’ Universal Declaration of Human Rights and are constitutionally protected in most states. Despite this worldwide legal recognition of the importance of property rights to building peaceful, democratic, and prosperous societies, access to and protection of property rights vary greatly in practice. What is more, in many countries understanding of property rights often remains limited to property titles, without deeper appreciation of the underlying and interconnected institutions that allow property markets to function.Read more...
Women entrepreneurs around the world need access to finance, markets, and peer networks, whether they are in Afghanistan, Bangladesh, or the United States. In this article, three panelists from CIPE’s Democracy that Delivers for Women conference discuss their experiences with women entrepreneurs in those countries, highlighting opportunities, challenges, and resources. To listen to their stories in full, visit www.youtube.com/watch?v=7J_93Vmupjo.
Gayle Tzemach Lemmon: Entrepreneurship under the Taliban
When we think of stories of war, we rarely think of women. And yet, it is women who make sure there is a community to go back to when war is over. The narrative that we are used to sees women as victims of war to be pitied rather than as survivors of war to be respected. We overlook all that they do to make sure that families get through really impossible times.Read more...
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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.