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- Women’s business organizations help address barriers to women’s participation in the political and economic life of their countries.
- CIPE’s experience in Bangladesh and Pakistan shows how to successfully overcome legal limitations and social resistance to establishment of women’s chambers of commerce.
- Women’s business organizations offer not only tangible benefits such as skills training or market access, but also intangible benefits such as confidence building and a more positive perception of women in business.
Commenting on the 2002 World Championships in basketball, a Serbian sports journalist could not help but notice that the two finalists – the national teams of Argentina and FR Yugoslavia (Serbia and Montenegro) – had more in common than being the best teams in the competition. The journalist was quick to point out the irony that the two best teams in the world represented countries crippled by the policies of the International Monetary Fund (IMF) and the World Bank.
The journalist may have been correct in highlighting similarities between these two countries in terms of the developmental challenges they face. The problem with his comment, however, was that it was based on perceptions, not on thorough analysis of economic and political institutions. In fact, he could have not been further away from the truth in blaming the World Bank and the IMF for the development challenges of the two countries.Read more...
At the heart of every governance system is a board (or boards) of corporate directors, charged with directing and overseeing corporate affairs. If one views the board as an institution of control through representation, one must recognize a multitude of its possible organizational arrangements. Just as a variety of mechanisms of political representation—from different structures of parliamentary bodies through different requirements for political representation to different election procedures—is compatible with a genuine political governance, so is a variety of different arrangements of corporate boards compatible with a genuine business governance. A particular arrangement tends to reflect historical, socioeconomic, political, and cultural factors unique to a particular country much the same way its political governance system does.Read more...
The Colombian Confederation of Chambers of Commerce (Confecámaras)
The Colombian Confederation of Chambers of Commerce (Confecámaras) was founded in 1969 at the initiative of local chambers of commerce in the country. Today, Confecámaras coordinates a 57-member network of chambers throughout Colombia. It represents business interests on the national level, provides research and consulting assistance to the business community, and coordinates training and institutional support for the organizations under its umbrella. Since 1999, CIPE has worked with Confecámaras on a variety of issues, notably corporate governance reform and anti-corruption initiatives.Read more...
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...
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The views expressed by authors are their own and do not necessarily represent the views of the Center for International Private Enterprise (CIPE). CIPE grants permission to reprint, translate, and/or publish original articles from its
The views expressed by authors are their own and do not necessarily represent the views of the Center for International Private Enterprise (CIPE). CIPE grants permission to reprint, translate, and/or publish original articles from itsEconomic Reform Feature Service provided that (1) proper attribution is given to the original author and to CIPE and (2) CIPE is notified where the article is placed and a copy is provided to CIPE’s Washington office.
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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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