Feature Service Articles
Latest Feature Service Article
Article at a glance
- 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...
Many in the Ukrainian business community believe that the successful resolution of Ukraine’s challenges lies in free and democratic competition, private enterprise development, and property rights. Yet, the business community has rarely united its diverse voices to advocate for policies needed to foster growth and economic freedom. On November 14-15, 2005, CIPE and its partners the Institute for Competitive Society (ICS) and the Ukrainian Center for Independent Political Research (UCIPR) did just this.Read more...
During the 1990s, the Republic of Montenegro struggled to establish itself as an outpost of economic reform and democratic development in the Federal Republic of Yugoslavia. Faced with economic and political opposition from the Belgrade regime of Slobodan Milosevic, the tiny republic has been struggling to develop its own institutions in an attempt to insulate itself from the disastrous effects of Milosevic’s isolationist and self-serving rule. A key element of Montenegrin President Milo Djukanovic’s government’s strategy to strengthen Montenegro’s economy and survive the difficult relationship with Serbia was to develop robust economic institutions and effect hard-hitting reforms to strengthen the private sector. The importance of private sector ownership and control of the economy, as well as the need to create sound independent financial institutions around which such an economy could flourish, were the priorities upon which the government developed its program of reforms.Read more...
Following the fall of the Milosevic regime, the government of Montenegro was presented with the opportunity to become an example of stability and growth in the Balkans. While restricted by short-term political uncertainty as it redefined its relationship with Serbia, Montenegro began moving ahead with crucial elements of its reform program targeted at stabilizing its economy and preparing for regional and international trade and competition.Read more...
The success of democracy in Iraq is largely dependent on the growth of Iraq’s economy. Recognizing this important condition for democratic stability in the country, the Iraqi Ministry of Planning and Development Cooperation and Iraqi Strategic Review Board recently created a “National Development Strategy: 2005-2007,” which is a forward-looking document that sets forth a strategy to increase the growth of the Iraqi economy. The strategy evaluates the major challenges faced by the economy and identifies some necessary steps to take to overcome those challenges.Read more...
Effecting Corporate Governance Reforms in Asia and the Pacific: The ADFIAP Corporate Governance Rating System
The Asian financial crisis of 1997 not only revealed the need for corporate governance reform in the region’s business community, it also demonstrated the need for reform within national development finance institutions (DFIs). Recognizing the governance challenges in the region and the role that DFIs can play in addressing these challenges, the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) initiated a comprehensive program to improve corporate governance mechanisms within its member-banks and other financial institutions.
The centerpiece of ADFIAP’s program is an assessment and monitoring instrument called the ADFIAP Corporate Governance Rating System (ACGRS). Consistent with other existing international governance rating methods, the rating system monitors the areas for governance reforms: Shareholder Rights, Commitment to Corporate Governance Principles, Board Governance, Disclosure & Transparency, and Auditing. By periodically tracking changes in governance policies and practices, the ACGRS evaluates the overall state and quality of governance in financial institutions.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
Call for Items
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: email@example.com.