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Showing items 1 through 9 of 23.
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Library Resource
Most efforts to trace the effects of
income inequality on growth have focused on redistribution.
However, empirical investigation has not substantiated
either the positive association of income inequality with
redistribution or the negative association of redistribution
with economic growth. The authors analyze the effects of
inequality in the broader context of social polarization.
They argue that social polarization, whether rooted in
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Library Resource
Russia and other countries in the
commonwealth of independent states that have implemented
voucher privatization programs have to account for the
puzzling behavior of insiders manager-owners-who, in
stripping assets from the firms they own, appear to be
stealing from one pocket to fill the other. This article
suggests that asset stripping and the absence of
restructuring result from interactions between insiders and
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Library Resource
The authors analyze how property rights
affect the allocation of firms' available resources
among different types of assets. In particular, they
investigate empirically for a large number of countries
whether firms in environments with more secure property
rights allocate available resources more toward intangible
assets and consequentially grow faster. The authors find
that improved asset allocation due to better property rights
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Library Resource
The International Monetary Fund (IMF)
and the World Bank introduced the Poverty Reduction Strategy
Paper (PRSP) process in 1999 to strengthen the poverty
alleviation focus of their assistance to low-income
countries. This report reviews Nicaragua s experience with
the PRSP process, focusing on the effectiveness of IMF and
World Bank support to the process and the extent to which
the two institutions lending and non-lending activities in
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Library Resource
Most analyses of property rights and
economic development point to the negative influence of
insecure property rights on private investment. The authors
focus instead on the largely unexamined effects of insecure
property rights on government policy choices. They identify
one significant anomaly-dramatically higher public
investment in countries with insecure property rights-and
use it to make the following broad claims about insecure
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Library Resource
Despite positive, relatively broad-based
and stable growth record in recent years and immense
untapped potential in agriculture, mining and services,
Zambia's poverty rates have not declined significantly
and remain high. Income growth is limited by coordination
failures such as poor access to domestic and international
markets, inputs, extension services and information. High
indirect costs - most of which attributable to
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Library Resource
This report shows that some investors
still perceive Aceh as a risky place to do business, despite
being relatively peaceful for almost four years. Security
incidents, relatively common in post-conflict environments,
deter businesses and individuals from investing in Aceh,
robbing the economy of necessary capital and innovation.
Other consequences of the conflict, including forms of
illegal taxation, also hurt investment. The Government of
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Library Resource
This report profiles 52 business
women, representing countries where IFC works across the
Pacific region, in 30 case studies. Women in the report
share lessons in starting their businesses, and describe the
obstacles and opportunities they encountered in their
pursuit of growth. By revealing their future plans, the
women provide inspiration for current and future business
women of the Pacific to pursue greater entrepreneurial
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Library Resource
This policy paper explores the relative
importance of the software regulatory barriers to growth in
Pakistan. Such software barriers have been identified as
part of the major constraint in the Framework for Economic
Growth of the Government of Pakistan. Indeed, adequate
software is needed to provide an environment in which the
hardware of growth (physical infrastructure) could be
expanded and made more productive. Among possible software
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Library Resource
Despite decades of war and instability,
Iraq's abundant natural resources, strategic geographic
location and cultural history endow it with tremendous
potential for growth and diverse economic development.
Driven by windfall oil revenues in recent years the
Government of Iraq (GoI) has invested heavily in rebuilding
infrastructure with abundant oil reserves ensuring steady
progress. However, decades of socialist policies have
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