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Armenia Gets $235 Million

12.27.2005
The Millennium Challenge Corporation (MCC) decided to give Armenia more than $230 million over the next 5 years. But the money comes with a set of conditions. Addressing reports of irregularities in the referendum on reforms to the Armenian constitution held in November, Ambassador Danilovich contin...

Solutions to Bad Governance

12.26.2005
Jeffrey Sachs talks about good governance in this op-ed that appeared in The Korea Herald. Elections, he argues, although important, are not enough to limit the abuse of power and hold governments accountable for their actions – a host of other mechanisms need to be put in place to improve gov...

Markets and Predictability

12.23.2005
Free markets work, was the message relayed by Federal Reserve Board Chairman Alan Greenspan recently. "On average, world standards of living are rising in large part because of the widening embrace of competitive free markets, especially by populous and growing China and India," he said. and Open an...

NGO Bill Passed in Russia

12.23.2005
The bill which establishes tighter control over NGOs operating in Russia was passed today with an overwhelming majority (357-20-7) in the State Duma just before it left for the winter break. Before the law comes into force, it still has to be approved by the Federal Council and signed by the Preside...

Notes from the Field: Uzbekistan (Part 1 of 3)

12.22.2005
Driving around Tashkent, it is remarkable how slowly business has been developing. I arrived on the Constitution Day holiday, yet the commercial district was virtually deserted, unlike the main boulevards on holidays in Baku, Tbilisi, Chisinau, or Almaty. The bazaar was the exception, where people c...

Corruption or Death?

12.21.2005
Recent economic liberalization and expansion has brought China face to face with a new issue that threatens to undermine much of the progress made over the last five years – corruption. In November, the Los Angeles Times reported on the estimated one million illegal land seizures that took place i...

Rights vs. Reality in Uzbekistan

12.21.2005
The Uzbek Constitution and its law "On Education" grant everyone the right to seek higher education. Educational establishments, according to the Law, can be public or private, provided that the organization is licensed. It is a surprisingly liberal policy for a government that has become increasing...

Latest on WTO Talks

12.21.2005
The Economist takes a critical look at the recent WTO meeting in Hong Kong. The meeting's most notable accomplishment was that it did not collapse as previous gatherings had in Seattle, in 1999, and Cancún, in 2003. The main new achievement was to agree on a date, the end of 2013, for the elimina...

Declining Trust and Russia’s “Miracle”

12.21.2005
Citizen's trust in governments, international institutions, and companies continues to decline, shows a new WEF survey conducted in 20 countries. Some interesting findings: Trust in companies is falling in developed countries, yet in some developing economies (China, Nigeria, Kenya, Indonesia, and...

Interview with CIPE’s Pakistan Country Director

12.20.2005
I wanted to highlight a recent interview with Moin Fudda, CIPE’s country director in Pakistan. The interview appeared in the weekly magazine “Investors” published by The International News, which Moin describes as the largest circulation international daily in Pakistan. The article...
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