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- 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.
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...
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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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