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Does Aid Hurt or Help Business?

03.20.2007
Is aid bad for business? It can be, argues Nancy Birdsall in her recent paper on aid and institutions in Africa. For example, Rajan and Subramanian (2005) present evidence that sectors in aid-dependent countries that are more reliant on skilled workers do less well the larger are aid inflows. They s...

Pakistan, Runner-Up Reforming Country in South Asia

03.07.2007
In its recently released report on Doing Business in South Asia, the World Bank classified Pakistan, a country with population of around 160 million, in the low income category with $690 of per capita income. The report covers 8 countries — Maldives takes the top position, followed by Pakistan at ...

Re-Privatization in Ukraine

11.10.2006
The Moscow Times reports (subscription only) on the announcement of the Ukrainian Prime Minister Viktor Yanukovych that the government is planning to buy back some companies privatization of which is questionable. There were mistakes or fraud by the state towards such companies, and we need to corre...

High Informality=Economic Stagnation

05.16.2006
Last week’s MSNBC story on high levels of informality and economic stagnation is an interesting one: What do Japan, Singapore, South Korea, and Taiwan have in common? Obviously, they are Asian nations that joined the ranks of the wealthy during the second half of the 20th century. But a less well-...
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