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- Deliberations on a new post-2015 development agenda are currently underway. These deliberations are taking into account significant changes to the field of development cooperation since the Millenium Development Goals were established.
- There are new questions and expectations regarding: development goals, local ownership and capacity for implementation, coherent and effective international support, and appropriate kinds and adequate amounts of financing.
- A major challenge will be to undertake a transformative shift toward more coherent partnerships that take into account the full array of policies, practices, and financing to accelerate progress toward agreed development goals. Read more...
Despite the liberalizing reforms of the past decade, the countries of Latin America have failed to secure stable political systems and sustainable, open economies. The region seems unable to break out of a pattern in which it veers between dictatorships and nascent democracies, lacking the core elements of prosperity: a functioning, impartial judicial system, property rights, and full rights for women and the region’s impoverished majorities. The reason for this instability lies in Latin America’s institutions – the moral and behavioral rules that guide citizens’ actions. The paradigm of underdevelopment includes ideas handed down through Latin Americans’ early education that include a fatalistic attitude toward politics and economics that bars one generation after another from honestly evaluating and resolving the intransigent state of Latin American development. Well-trained teachers represent the first option for transforming this paradigm into a paradigm of progress. In addition, the media, politicians, and other opinion leaders must band together to push for a broad public discussion of this issue in Latin America.Read more...
Современный деловой мир испытывает острую потребность в новом организующем принципе, который бы учитывал новые формы экономического роста, проливал свет на механизмы, доселе скрытые, и расширял круг рядовых участников экономического процесса. « Гражданской экономике» требуются институты, подобные тем, которые необходимы для создания сильного гражданского общества. В этом новом обществе владельцы предприятий, подотчетные миллионам своих акционеров и вкладчиков, посредством ответственного управления ведут компании к стабильности и процветанию. Аналогично гражданскому обществу, гражданская экономика одновременно создается ответственным руководством и обеспечивает ответственное руководство. Главная задача здесь – создание институтов, которые совместят в себе свободную торговлю и ответственность и оказались жизнеспособными в условиях стремительной глобализации.Read more...
China has enjoyed two decades of successful economic modernization which have given the government a possible foundation for popular legitimacy based on results – not ideology. But political reform is necessary to continue this process even further. The government should allow for the circulation of positive, constructive ideas, but the people have a responsibility to avoid flooding the vehicles of public discourse with simple complaints. The process of democratization in China will take decades, but slow progress is acceptable so long as it does not stop.Read more...
No amount of resources transferred to developing countries can compensate for the negative effects of bad governance on development. Good governance, typified by consistent and transparent practices regarding acceptable interaction between governmental and private actors in economic, social and political life, allows the public to provide input into the policy process through regular channels. Democratic governance enhances the legitimacy of government decisions in the eyes of the public, and it also creates a more stable and attractive climate for investment and makes economic development possible.Read more...
Speculative investors pose a threat to the implementation of corporate governance reforms because they often disregard good corporate governance in their investment decision process. Therefore, companies in markets dominated by speculative investors have little incentive to spend valuable resources on implementing good governance. An analysis of the investment market in Russia shows that its main players are speculative foreign and Russian portfolio investors who seek to invest in seriously undervalued assets with a high potential for short-term growth. This category of investors seeks high returns through significant growth in stock price and is willing to assume big risks, including bad corporate governance. In this situation, companies have very little hope of getting any significant additional premium for any improvements in corporate governance from speculative portfolio investors. Such investors will continue to recommend improvements in corporate governance, but they will not be inclined to pay a significant premium for such improvements.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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