Feature Service Articles
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Article at a glance
In this interview, Executive Director of the Centre for Development and Enterprise (CDE) Ann Bernstein discusses the development paths of India, Brazil, and South Africa and what the experiences of these countries tell us about whether a democratic market-based alternative to increasingly popular authoritarian approaches is emerging in the developing world. Bernstein also discusses the challenges facing these democracies and the reforms needed to strengthen them.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.
Government with Consent of the Governed: The Importance of Business-Government Dialogue in Economic, Regulatory and Trade Policy
Following the global financial crisis, public officials and private citizens are counting on the business community to act as the engine of job creation, rising incomes, and economic growth and development. In that context, regulators must strike the right balance in their work. This is as true in the implementation of trade agreements as it is in other areas where government regulation and private business intersect.
It is an exaggeration to say that governments should regulate with “the consent of the regulated.” Yet, regulators can only truly succeed in their mission of protecting human health and safety and safeguarding the environment by engaging in a real dialogue with business. Mutual understanding is crucial and there must be some give and take.
How can regulators best engage with the industries they regulate? How can they produce “smart regulations” that protect health and safety without slowing economic development and job creation? These are the key questions that governments and businesses around the world face.Read more...
The first decade of the 21st century began with massive ethics scandals at blue chip corporations such as Enron and Tyco, and ended with a worldwide financial implosion on a scale not seen since the Great Depression. The financial crisis and subsequent economic recession – resulting in part from questionable risks undertaken by large financial firms – has caused many to question the underlying ethical values of business, from shareholder rights to executive compensation. Business ethics and sustainability have become hot button issues at leading business schools around the world and are working their way further into finance and accounting curricula.Read more...
As the communist transition unfolded in Eastern Europe and Eurasia, strong and effective judiciary reform would have created a judiciary system that supported a conducive, market-based business environment. Without private property protection, contracts are not enforced, access to the courts is unequal, and a market economy cannot take root. Yet, in many transition countries judiciary reform has been slow or insufficient. Much attention, instead, has been devoted to the development of laws and regulations.Read more...
Impact of the Global Financial Crisis
The impact of the global financial crisis on Africa has not been as bad as some expected. Sound economic policies of the past several years, better financial management, lower debt levels, and ironically the blessing of not being so integrated into the global financial system all contributed. European countries like Iceland and Greece are facing financial meltdowns; the United States has been forced to expand its debt and deficits to historic levels in order to forestall even further decline. Nevertheless, in Africa the crisis led to a decline in the previous five years of solid growth of 5-7 percent annually to just over 1 percent in 2009.
This decline has an impact on families and the social fabric. The cost of this decline is all the more upsetting considering that Africa is the one continent that will not meet hardly any of the Millennium Development Goals, and the problems are most acute in sub-Saharan Africa.Read more...
- Democratic Governance
- Access to Information
- Combating Corruption
- Business Association Development
- Corporate Governance
- Legal & Regulatory Reform
- Informal Sector & Property Rights
- Corporate Citizenship (CSR)
- South Asia
- Middle East & North Africa
- Latin America & the Caribbean
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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.