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- The process of globalization and increased rates of urbanization are forcing countries to rethink their approach to economic policy.
- Widespread reluctance to implement comprehensive reforms and burdensome legal and regulatory regimes are impediments to economic growth and entrepreneurship.
- Enterprise Cities, akin to free trade zones, are one possible solution to this problem. These are special jurisdictions with investor-friendly legal and regulatory policies that create the pre-conditions for entrepreneurship and stimulate competition-based growth.
Frequently, business associations are the best advocates for government policies and regulations that affect business. Local business associations can identify constraints to conducting business regardless of sector or industry. The policy solutions they recommend can have a broad impact because business associations do not ask for individual favors; rather, they represent the interests of a specific sector or the business community in general. I encourage businesses everywhere to value advocacy and to value the development and strengthening of business associations because that is crucial to improving business climate and public-private policy dialogue in many countries and at many levels.Read more...
The Center for International Private Enterprise’s (CIPE) unique approach to effecting institutional change involves partnering with members of the business community in developing countries to help them become advocates for democratic and market-oriented reform. CIPE Executive Director John D. Sullivan, Ph.D testified before the Canadian Parliament on February 13, 2012 at the invitation of the Standing Committee on Foreign Affairs and International Development of the House of Commons.
“The challenges to reduction of poverty are many, but at the core addressing them comes down to the need for policy reforms that expand access to opportunity and instill confidence in public and market institutions,” Sullivan said. “Consequently, the role of the private sector in international development cannot be understood solely as the actions and contributions by individual companies from industrialized nations such as Canada. Rather, that role extends to engaging the local private sector in institutional reforms that help create a level playing field for all businesses in their countries, both domestic and foreign.”Read more...
Think Tanks and Democratic Governance
The wave of think tank proliferation across the globe since the 1970s has paralleled and enhanced democratic development. In young democracies and transitional economies, think tanks (also known as policy research institutes) have played vital roles in raising the quality of policymaking. These institutes bring new ideas to the attention of policymakers and the public, and new perspectives on policy formulation.
Armed with the information that think tanks provide, policymakers can make better decisions, civil society can advocate for citizens’ interests, and the public can participate more effectively in the policy process. Each becomes less dependent on existing sources of information and better equipped to make policy choices based on evidence.Read more...
Building Bridges: Why and how key linkages between economics, democracy, and governance affect economic growth
The debate on the best strategies to generate economic growth remains as relevant as ever, especially when it comes to the nature of political systems worldwide. What we have learned over the years is that to sustain inclusive economic growth over extended periods of time, it is essential that countries look more closely at the importance of democratizing reform and governance processes. In other words, democracy plays a key role in a country’s socio-economic development and economic reform is inseparable from the surrounding political climate.Read more...
Moldova's Path to Reforms
In April 2009, flawed elections in Moldova triggered the so-called “Twitter revolution,” a wave of public protests made up primarily of young people that put Moldova in the global spotlight. As in the recent uprisings across the Middle East, the sources of Moldova’s widespread discontent were both political and economic in nature. Young people were shocked by the results of the election and suspected fraud since not many of them had voted for the winning Communist Party. Additionally, they were dissatisfied with Moldova’s economic development.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.