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- The recently negotiated World Trade Organization Trade Facilitation Agreement will simplify customs procedures. A key outcome of these changes is less opportunity for corruption related to the import and export of goods.
- This article discusses key Articles of the Agreement and how each one reduces corruption risk.
- The long phase-in approach provided for in the Agreement, the flexibility afforded to developing countries, and the opportunity for technical assistance during implementation are additional factors that encourage adoption of the Agreement.
As China enjoys extraordinary economic growth and showcases exceptional resilience during the worst financial crisis in decades, observers nevertheless note that the country continues to suffer from a number of fundamental economic problems, not least of which is the increasing tension between the rich and the poor. In particular, large segments of the population have started to complain vocally about escalating housing prices in a distorted real estate market. Prominent newspapers echo this criticism and have published a series of articles on the issue. A number of Wall Street hedge fund managers also predict that China will soon suffer a real estate bubble.Read more...
The Challenge of Creating a National Youth Policy
Creating a National Youth Policy (NYP) is a complex process. In Pakistan, that process had been languishing in bureaucratic limbo for over twenty years and now is only slowly moving forward. A strong and viable youth policy must have a clear scope in terms of its constituencies and implementers. In contrast, youth policies in Pakistan have often been formulated top-down by the government with little involvement from their intended beneficiaries. Moreover, youth policies tend to fall under the prerogative of several governmental agencies, which leads to duplication of efforts and lack of clear division of responsibilities. For example, the current youth policy of Pakistan indicates the state’s intention to invest in the health and well-being of the youth under the Ministry of Youth Affairs (MoYA). At the same time, this objective is already part of the National Health Policy with the Health Ministry in charge.Read more...
Urgency and Legitimacy: Tensions in Rebuilding the Legal Structure for Business in Post-Conflict Countries
One of the well documented casualties of conflict is the economy. Civil strife – whether war, riots, or even a bloodless coup d’ètat – inevitably disrupts business activity, sometimes reversing years of steady growth as markets come apart and business interests either flee or reduce activity.
In impoverished countries, of course, the negative impact is even greater. In response, reformers in post-conflict societies will often give high priority to rebuilding the commercial sector.
Economic growth has been shown to have a stabilizing impact. In his book, The Moral Consequences of Economic Growth, Benjamin Friedman catalogues a wide range of positive socio-economic improvements in countries when they are growing economically, including greater acceptance of religious and ethnic differences that are often used as excuses for conflict in a shrinking economy. It is also well accepted that growth creates jobs, and jobs encourage potential combatants to engage instead in productive activity.Read more...
This article is a 2009 CIPE International Essay Competition second place winner in the category of Entrepreneurship and Leadership.
Renowned as the “Pearl of the Indian Ocean,” the tropical isle of Sri Lanka is perched off the southern coast of India. Though Sri Lanka earns a comparatively low GDP per capita income of U.S.$4,400, its social development has reached a significant level with a high literacy rate (90.7 percent), low HIV/AIDS prevalence (below 0.1 percent), high life expectancy at birth (74.97 years), and a low infant mortality rate (19 deaths per 1,000 live births).Read more...
Article at a glance:
- Sri Lanka suffers from high youth unemployment and the culture of entrepreneurship remains weak.
- Young entrepreneurs face many challenges, including lack of education, training, mentorship, access to finance, and adverse cultural attitudes.
- The way forward is to reinforce an entrepreneurial culture and improve the business climate, mentorship opportunities, access to capital, and support for aspiring young entrepreneurs.
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