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Article at a glance:
- Rapid technological advancements and internet penetration are having a profound impact on democratic and economic development around the globe.
- The full potential of e-governance and e-commerce will only be realized if businesses of all sizes can participate in the global digital economy and shape public-private dialogue on these issues.
- CIPE’s programs leverage its long-standing experience to meet the challenges and opportunities of strengthening democracies and market-based economies in the 21st century.
Globalization and the advent of new technologies have dramatically changed the way business, government and society are organized. A key driving force of these changes is a new business model. In an interview with Economic Reform Today, Charles Oman of the Development Center of the Organization for Economic Cooperation and Development (OECD) discusses the features of this new business approach and the implications for developing and developed countries of adopting this model in the context of today’s new economy.Read more...
Indonesia has gone a long way in liberalizing its economy, but the task is far from complete. Globalization has given the government a strong justification for undertaking market- oriented reforms that can help maintain high and sustainable rates of exports necessary for strong economic growth.
The country’s policy of globalization has been based on pragmatism. It is not grounded on ideological considerations; it is based on an objective assessment of what other countries in East Asia have been able to achieve. In addition, there is a strong element of competition at work among the countries in the region to liberalize in order the make their economies more attractive to global investments. Such competitive liberalization is itself a powerful factor. The universal trend in the 1980s toward economic liberalization, deregulation and privatization may have provided an additional source of inspiration.Read more...
The landmark election of a new government this July demonstrates how far Mexico has come in its political and economic reform efforts. In recent speeches given at the US Chamber of Commerce and at the Center for International Private Enterprise, President Ernesto Zedillo and Finance Minister José Angel Gurría underscore two important points. First is the importance of globalization and free trade to the strength of Mexico’s economy. The second one is how globalization has helped steer Mexico toward a democratic transformation without having to undergo an accompanying economic crisis.Read more...
One great hope for equitable globalization is that the revolutions in telecommunications and electronic commerce that define the so-called economy may subvert conventional wisdom about the necessary stages of national economic development. The economist Albert Hirschmann and others have propounded a set of necessary stages of growth and consolidation that all emerging economies must pass through in order to reach economic maturity. Now the hope is that some stages may be hurdled more rapidly, or omitted altogether, thanks to e-commerce and the vast potential of the Internet and wireless communications to overcome difficult terrain, scattered commercial centers and aged or absent infrastructure dating from the bygone era of the railroad and the telegraph.Read more...
With the rapid increase of globalization, the success or failure of a country’s transition to a stable democracy and an open economic system takes on greater significance. Nevertheless, many countries have been struggling to make reforms with little or no support from the international community. What the leaders of these countries require is a chance to engage in an open dialogue with each other and with the international community about their countries’ experiences, challenges and needs.
The National Democratic Institute and the government of Yemen created such a chance last June in Sana’a, Yemen, at a forum entitled “Managing the Twin Transitions: Political and Economic Reform in Emerging Democracies.” The forum succeeded in bringing together political leaders—people like President Alpha Oumar Konare of Mali, Prime Minister Abdulkarin Al- Eryani of Yemen and speaker of Georgia’s parliament Zurab Zhvania— as well as more than 160 other decision makers and key actors from the political, economic and society spheres. They were joined by over 50 donor representatives and experts.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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