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Article at a glance:
- Cambodia remains one of the least developed countries in Asia, but internet connectivity is on the rise.
- Digital tools, often inexpensive or free, can multiply the impact of advocacy and help associations run more efficiently.
- CIPE and Panoply Digital worked with Cambodian partners to identify useful online tools for advocacy and capacity development.
Fundamental and conflicting opinions about business ethics have been raised and debated for years. These views extend to questioning the very purpose of business itself. At one end of the spectrum is the Nobel Prize winning economist Milton Friedman, who concludes that corporate executives are responsible only for maximizing profit. At the other end is the late management thinker Peter Drucker, who argues that business must comply with the same ethical principles as everyone else.
“The question is,” Friedman posed, “do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer is no, they do not.” Drucker, on the other hand, argued, “There is no such thing as ‘business ethics.’ There is only one ethics, one set of rules of morality, one code – that of individual behavior in which the same rules apply to everyone alike.”Read more...
Introduction: Co-operatives are Private Sector Enterprises
“Co-operatives are an alternative way of doing business, but an equally profitable way of doing business.”
- Iain Macdonald, ICA Director-General
The co-operative movement represents a significant sector of the world’s economy. According to International Co-operative Alliance (ICA) and UN estimates, 1.1 billion people are members of co-operatives, and their economic activity employs 100 million people. This means that they provide 20 percent more jobs than all of the world’s multinationals combined. ICA’s Global 300 Project, which examined the top 300 co-operatives worldwide, showed that their annual output was over $1 trillion, making the group the 10th-largest economy in the world.Read more...
CIPE: What is the role of real estate appraisers? How is their role different in emerging markets?
Bill Endsley: I have had many heated discussions with highly qualified engineers from Cairo to Patagonia who could tell me within a few hundred dollars the cost to build a building. I point out to them that if no one wants to buy the building, lease space in the building, if there is an excess of this type of a property, if it is on or near contaminated land, or any number of other reasons, then the market value of the building may be significantly less than the cost to build. In many countries, I have passed empty concrete shells, abandoned buildings – even theme parks – that took advantage of a ready flow of capital, but not the basics of supply and demand.Read more...
Why interest in governance?
Four sets of phenomena have combined to drive the explosive growth of interest in the quality of governance – and with it the use of governance indicators – in recent years.Read more...
As competition for foreign and domestic investment is heating up, companies continue to search for ways to remain competitive. Good corporate governance is increasingly recognized as an effective tool to improve firm competitiveness as well as the overall economic climate in a country. In the South Asia region, while family-owned businesses are a major component of the economy, they increasingly face stiff competition from new market entrants. In response to issues of competitiveness and sustainability, family-owned businesses are coming to terms with the need to establish an institutionalized governance process, develop a succession plan, and separate ownership from control. The implementation of good corporate governance practices can help to eliminate many of these problems. The following overview of corporate governance provides the context for an examination of issues specific to the adoption of corporate governance principles by family firms in South Asia.
Corporate GovernanceRead more...
- Access to Information
- Business Association Development
- Combating Corruption
- Corporate Citizenship (CSR)
- Corporate Governance
- Democratic Governance
- Informal Sector & Property Rights
- Legal & Regulatory Reform
- Middle East & North Africa
- Latin America & the Caribbean
- South Asia
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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.
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