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- Addressing the challenges of poverty and marginalization through multi-stakeholder partnerships is key to building prosperous and inclusive societies.
- Private sector engagement in shaping the post-2015 development agenda is needed to achieve this shared goal.
- Public-private dialogue provides an important platform for businesses and governments to constructively engage in creating more participatory and sustainable economies.
Minority shareholders are often viewed as an unnecessary burden, a ‘dead weight,’ by majority owners of corporations. This view is widespread in many transitioning economies, where capital markets are weak, minority investors are not commonly viewed as a source of capital, and incentives for long-term value-creation are distorted. In such economies, majority owners often feel that while having comparatively little at stake, minority shareholders can slow down or sidetrack crucial investment-related decisions, be inactive at times when the need for restructuring is pressing, or place unreasonable demands on management. In other words, minority shareholders, in the eyes of majority owners, tend to increase transactions costs.Read more...
Latin America is back in the spotlight this year. The political climate is warming up once again, with major elections taking place in several countries. Economic prospects remain bright, as low interest rates and high prices of raw material exports bolster Asian-style growth rates, while China in particular sucks in huge quantities of soya, iron, copper, oil and gas. The emerging markets are awash in liquidity, with high yields attracting investors. Latin America has recorded three successive years of growth, its first such run in half a century and one that looks set to continue in 2006.
But underneath this impressive performance lies a rather turbulent social and political picture. Global markets may have spurred the growth, but a cocktail of persistent poverty and social discontent has enhanced
the popular appeal of anti-globalization policies. Presidents have been driven out of office in Argentina, Bolivia, Ecuador, and Peru, replaced by populist icons such as Bolivia’s Evo Morales, an indigenous Indian,Read more...
Unprecedented stability and growth have taken hold in some major Latin American countries. The reasons are more original than they may seem.
The political climate is warming up once again, with major elections taking place in several countries. Economic prospects remain bright, as low interest rates and high prices of raw material exports bolster Asian-style growth rates, while China in particular sucks in huge quantities of soya, iron, copper, oil and gas. The emerging markets are awash in liquidity, with high yields attracting investors. Latin America has recorded three successive years of growth, its first such run in half a century.
But underneath this impressive performance lies a rather turbulent social and political picture. Global markets may have spurred the growth, but a cocktail of persistent poverty and social discontent have enhanced the popular appeal of anti-globalization policies.Read more...
Freedom is one of the most powerful ideas in human history, but also one of the most elusive. Defining freedom and the set of human rights associated with it remains a profound challenge for crafters of national constitutions as well as international treaties.
The intellectual origins of this idea stretch back almost 800 years to the Magna Carta. Only in the 200 years since the American and French Revolutions has freedom become a major driving force for political development and the spread of democracy, the political system that to the greatest extent embodies the individual citizen’s inalienable rights as a free moral agent. Today, the idea of expanding the reach of democracy is a central theme of President George W. Bush’s “freedom agenda,” but it remains as controversial as ever.Read more...
Chronicle of a Bust Foretold: Latin America cannot achieve sustainable development without recognizing that wealth is made, not found
Setting aside the headlines from Bolivia and Ecuador for the moment, these appear to be good times for Latin America and the Caribbean. GDP in the region is expected to grow 4% for the fourth year in a row and current account surpluses are rising. However, these positive indicators may be transitory — the very trends that are lending prosperity to the region are driving policies and perspectives down the same “boom and bust” trajectory of the past century.
The high price of commodities is the main source of Latin America’s impressive growth, but that cannot last forever. Unfortunately, today’s moment of prosperity may be enticing policymakers to defer needed reforms, and it may also lull businesses into deferring the arduous climb up the value ladder now being scaled by Asian rivals. Worst of all, it may foment a return to the mistaken economic thinking of the 1960s and 1970s and usher in an era of expropriations, lack of respect for the rule of law, and investment flight.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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