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  • Online Resource  (82)
  • 2005-2009  (82)
  • Washington, D.C : The World Bank  (82)
  • Law and Development  (82)
  • 1
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Aminian, Nathalie Integration of Markets Vs. Integration By Agreements
    Keywords: Emerging Markets ; Free Trade ; International Bank ; International Economics & Trade ; International Trade ; Law and Development ; Policy ReseaRch ; Private Sector Development ; Public Sector Development ; Regional Agreements ; Regional integration ; Regional trade ; Regional trade agreements ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Trade policy ; Treaties ; World Trade Organization ; Emerging Markets ; Free Trade ; International Bank ; International Economics & Trade ; International Trade ; Law and Development ; Policy ReseaRch ; Private Sector Development ; Public Sector Development ; Regional Agreements ; Regional integration ; Regional trade ; Regional trade agreements ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Trade policy ; Treaties ; World Trade Organization ; Emerging Markets ; Free Trade ; International Bank ; International Economics & Trade ; International Trade ; Law and Development ; Policy ReseaRch ; Private Sector Development ; Public Sector Development ; Regional Agreements ; Regional integration ; Regional trade ; Regional trade agreements ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Trade policy ; Treaties ; World Trade Organization
    Abstract: This paper provides an analysis of the two channels of regional integration: integration via markets and integration via agreements. Given that East Asia and Latin America are two fertile regions where both forms of integrations have taken place, the authors examine the experiences of these two areas. There are four related results. First, East Asia had been integrating via markets long before formal agreements were in vogue in the region. Latin America, by contrast, has primarily used formal regional trade treaties as the main channel of integration. Second, despite the relative lack of formal regional trade treaties until recently, East Asia is more integrated among itself than Latin America. Third, from a purely economic and trade standpoint, the proper sequence of integrations seems to be first integrating via markets and subsequently via formal regional trade agreements. Fourth, regional trade agreements often serve multiple constituents. The reason why integrating via markets first can be helpful is because this can give stronger political bargaining power to the outward-looking economic-oriented forces within the country
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  • 2
    Language: English
    Pages: Online-Ressource (1 online resource (69 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Anderson, Kym The Challenge of Reducing International Trade And Migration Barriers
    RVK:
    Keywords: Agriculture ; Air pollution ; Economic Theory and Research ; Economic benefits ; Emerging Markets ; Free Trade ; Free Trade ; Government subsidies ; International Economics & Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade policies ; Trade policy ; WTO ; World Trade Organization ; Agriculture ; Air pollution ; Economic Theory and Research ; Economic benefits ; Emerging Markets ; Free Trade ; Free Trade ; Government subsidies ; International Economics & Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade policies ; Trade policy ; WTO ; World Trade Organization ; Agriculture ; Air pollution ; Economic Theory and Research ; Economic benefits ; Emerging Markets ; Free Trade ; Free Trade ; Government subsidies ; International Economics & Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade policies ; Trade policy ; WTO ; World Trade Organization
    Abstract: While barriers to trade in most goods and some services including capital flows have been reduced considerably over the past two decades, many remain. Such policies harm most the economies imposing them, but the worst of the merchandise barriers (in agriculture and textiles) are particularly harmful to the world's poorest people, as are barriers to worker migration across borders. This paper focuses on how costly those anti-poor trade policies are, and examines possible strategies to reduce remaining distortions. Two opportunities in particular are addressed: completing the Doha Development Agenda process at the World Trade Organization (WTO), and freeing up the international movement of workers. A review of the economic benefits and adjustment costs associated with these opportunities provides the foundation to undertake benefit/cost analysis required to rank this set of opportunities against those aimed at addressing the world's other key challenges as part of the Copenhagen Consensus project. The paper concludes with key caveats and suggests that taking up these opportunities could generate huge social benefit/cost ratios that are considerably higher than the direct economic ones quantified in this study, even without factoring in their contribution to alleviating several of the other challenges identified by that project, including malnutrition, disease, poor education and air pollution
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  • 3
    Language: English
    Pages: Online-Ressource (1 online resource (55 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ferreira, Francisco H.G The Measurement of Inequality of Opportunity
    Keywords: Consumption ; Economic Theory and Research ; Economic inequality ; Equity and Development ; Gender ; Gender and ; Gender and Law ; Household income ; Income differences ; Incomes ; Inequality ; Inequality ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Multiple equilibria ; Policy research ; Poverty Impact Evaluation ; Poverty Reduction ; Product ; Public Sector Development ; Public policy ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Trade Policy ; Consumption ; Economic Theory and Research ; Economic inequality ; Equity and Development ; Gender ; Gender and ; Gender and Law ; Household income ; Income differences ; Incomes ; Inequality ; Inequality ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Multiple equilibria ; Policy research ; Poverty Impact Evaluation ; Poverty Reduction ; Product ; Public Sector Development ; Public policy ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Trade Policy ; Consumption ; Economic Theory and Research ; Economic inequality ; Equity and Development ; Gender ; Gender and ; Gender and Law ; Household income ; Income differences ; Incomes ; Inequality ; Inequality ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Multiple equilibria ; Policy research ; Poverty Impact Evaluation ; Poverty Reduction ; Product ; Public Sector Development ; Public policy ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Trade Policy
    Abstract: What part of the inequality observed in a particular country is due to unequal opportunities, rather than to differences in individual efforts or luck? This paper estimates a lower bound for the opportunity share of inequality in labor earnings, household income per capita and household consumption per capita in six Latin American countries. Following John Roemer, the authors associate inequality of opportunity with outcome differences that can be accounted for by morally irrelevant pre-determined circumstances, such as race, gender, place of birth, and family background. Thus defined, unequal opportunities account for between 24 and 50 percent of inequality in consumption expenditure in the sample. Brazil and Central America are more opportunity-unequal than Colombia, Ecuador, or Peru. "Opportunity profiles," which identify the social groups with the most limited opportunity sets, are shown to be distinct from poverty profiles: ethnic origin and the geography of birth are markedly more important as determinants of opportunity deprivation than of outcome poverty, particularly in Brazil, Guatemala, and Peru
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  • 4
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (40 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Maur, Jean-Christophe Regionalism And Trade Facilitation
    Keywords: Border Crossing ; Economies Of Scale ; Electronic Customs ; Externalities ; Free Trade ; Inspection ; International Economics & Trade ; Law and Development ; Public Sector Development ; Rail ; Road ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Transit ; Transport ; Transport ; Transport Economics, Policy and Planning ; Trucks ; Border Crossing ; Economies Of Scale ; Electronic Customs ; Externalities ; Free Trade ; Inspection ; International Economics & Trade ; Law and Development ; Public Sector Development ; Rail ; Road ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Transit ; Transport ; Transport ; Transport Economics, Policy and Planning ; Trucks ; Border Crossing ; Economies Of Scale ; Electronic Customs ; Externalities ; Free Trade ; Inspection ; International Economics & Trade ; Law and Development ; Public Sector Development ; Rail ; Road ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Transit ; Transport ; Transport ; Transport Economics, Policy and Planning ; Trucks
    Abstract: This paper investigates when trade facilitation reform should be undertaken at the regional level. First, looking at both efficiency and implementation considerations, it confirms the perception that the regional dimension matters. Investigating where efficiency gains can be made, this research explains why national markets alone fail to produce the full scale economies and positive externalities of trade facilitation reform. Second, because trade facilitation policies need to address coordination and capacity failures, and because of the operational complexity challenge, the choice of the adequate platform for delivering reform is crucial. The lessons are that regional trade agreements offer good prospects of comprehensive and effective reform and can effectively complement multilateral and national initiatives. However, examples of implementation of trade facilitation reform in regional agreements do not seem to indicate that regional integration approaches have been more successful than trade facilitation through specific cooperation agreements or other efforts, multilateral or unilateral. Customs unions may be an exception here, and the author suggests reasons why this could be the case
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  • 5
    Language: English
    Pages: Online-Ressource (1 online resource (36 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Kaplan, David S Enforceability of Labor Law
    Keywords: Adjudication ; Assets ; Bankruptcy and Resolution of Financial Distress ; Confidence ; Corruption ; Finance and Financial Sector Development ; Information Security and Privacy ; Judicial process ; Judicial system ; Law and Development ; Lawyer ; Lawyers ; Legal Products ; Legal framework ; Microfinance ; Public Sector Corruption and Anticorruption Measures ; Trial ; Adjudication ; Assets ; Bankruptcy and Resolution of Financial Distress ; Confidence ; Corruption ; Finance and Financial Sector Development ; Information Security and Privacy ; Judicial process ; Judicial system ; Law and Development ; Lawyer ; Lawyers ; Legal Products ; Legal framework ; Microfinance ; Public Sector Corruption and Anticorruption Measures ; Trial ; Adjudication ; Assets ; Bankruptcy and Resolution of Financial Distress ; Confidence ; Corruption ; Finance and Financial Sector Development ; Information Security and Privacy ; Judicial process ; Judicial system ; Law and Development ; Lawyer ; Lawyers ; Legal Products ; Legal framework ; Microfinance ; Public Sector Corruption and Anticorruption Measures ; Trial
    Abstract: The authors analyze lawsuits involving publicly-appointed lawyers in a labor court in Mexico to study how a rigid law is enforced. They show that, even after a judge has awarded something to a worker alleging unjust dismissal, the award goes uncollected 56 percent of the time. Workers who are dismissed after working more than seven years, however, do not leave these awards uncollected because their legally-mandated severance payments are larger. A simple theoretical model is used to generate predictions on how lawsuit outcomes should depend on the information available to the worker and on the worker's cost of collecting an award after trial, both of which are determined in part by the worker's lawyer. Differences in outcomes across lawyers are consistent with the hypothesis that firms take advantage both of workers who are poorly informed and of workers who find it more costly to collect an award after winning at trial
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  • 6
    Language: English
    Pages: Online-Ressource (1 online resource (33 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Hou, Xiaohui An Evaluation of The Initial Impact of The Medical Assistance Program For The Poor In Georgia
    Keywords: Health Economics and Finance ; Health Law ; Health Monitoring and Evaluation ; Health Systems Development and Reform ; Health care ; Health for All ; Health indicators ; Health services ; Health, Nutrition and Population ; Law and Development ; Life expectancy ; Mortality ; Patient ; Patients ; Public health ; Social services ; Health Economics and Finance ; Health Law ; Health Monitoring and Evaluation ; Health Systems Development and Reform ; Health care ; Health for All ; Health indicators ; Health services ; Health, Nutrition and Population ; Law and Development ; Life expectancy ; Mortality ; Patient ; Patients ; Public health ; Social services ; Health Economics and Finance ; Health Law ; Health Monitoring and Evaluation ; Health Systems Development and Reform ; Health care ; Health for All ; Health indicators ; Health services ; Health, Nutrition and Population ; Law and Development ; Life expectancy ; Mortality ; Patient ; Patients ; Public health ; Social services
    Abstract: As part of the recent health reform effort, the government of Georgia launched a Medical Assistance Program in June 2006 to provide health insurance to its poor population. So far the program covers slightly over 50 percent of the poor and provides benefit coverage for outpatient and inpatient care. This paper estimates initial impact of the Medical Assistance Program and assesses whether the benefits have reached the poorest among those eligible, using utilization data from June 2006 to December 2006. Based on the analysis using a regression discontinuity design and a three-part model, the paper presents two main findings. First, the Medical Assistance Program has significantly increased utilization of acute surgeries/inpatient services by the poor. Second, the benefits have successfully reached the poorest among the poor. These two findings indicate that government efforts to improve the poor's access to and utilization of health services are yielding results. The paper emphasizes that the initial dramatic increase in surgeries must be interpreted with caution, given the possible misclassification or misreporting of acute surgeries in the data. The paper also stresses the need to continue monitoring implementation of the Medical Assistance Program and further improve program design, particularly the targeting mechanism, to achieve better efficiency, effectiveness and overall equity in access to health care services
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  • 7
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Mattoo, Aaditya Foreign Professionals And Domestic Regulation
    Keywords: Access and Eq ; Communication technologies ; Communities & Human Settlements ; Corporate Law ; Education ; Foreign professionals ; Global market ; Graduate degrees ; Higher education ; Higher education system ; Housing and Human Habitats ; Human capital ; ICT Policy and Strategies ; Information and Communication Technologies ; International Economics & Trade ; Law and Development ; Papers ; Primary Education ; Public Examination System ; Secondary Education ; Skilled professionals ; Tertiary Education ; Trade and Services ; Workers ; Access and Eq ; Communication technologies ; Communities & Human Settlements ; Corporate Law ; Education ; Foreign professionals ; Global market ; Graduate degrees ; Higher education ; Higher education system ; Housing and Human Habitats ; Human capital ; ICT Policy and Strategies ; Information and Communication Technologies ; International Economics & Trade ; Law and Development ; Papers ; Primary Education ; Public Examination System ; Secondary Education ; Skilled professionals ; Tertiary Education ; Trade and Services ; Workers ; Access and Eq ; Communication technologies ; Communities & Human Settlements ; Corporate Law ; Education ; Foreign professionals ; Global market ; Graduate degrees ; Higher education ; Higher education system ; Housing and Human Habitats ; Human capital ; ICT Policy and Strategies ; Information and Communication Technologies ; International Economics & Trade ; Law and Development ; Papers ; Primary Education ; Public Examination System ; Secondary Education ; Skilled professionals ; Tertiary Education ; Trade and Services ; Workers
    Abstract: Changes in demographics and patterns of investment in human capital are creating increased scope for international trade in professional services. The scope for mutually beneficial trade is, however, inhibited not only by quotas and discriminatory taxation, but also by domestic regulation - including a range of qualification and licensing requirements and procedures. To illustrate the nature and implications of these regulatory impediments, this paper presents a detailed description of the regulatory requirements faced in the United States market by four types of Indian professionals: doctors, engineers, architects, and accountants. India is one of the largest exporters of skilled services, and the United States is one of the largest importers of skilled services, so these two countries reflect broader global trends. The paper argues that regulatory discrimination, for example through preferential recognition agreements, has implications both for the pattern of trade and for welfare. It presents some illustrative estimates that suggest the economic cost of regulations may be substantial. The paper concludes by examining how the trade-inhibiting impact of regulatory requirements could be addressed through bilateral and multilateral negotiations
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  • 8
    Language: English
    Pages: Online-Ressource (1 online resource (43 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Beck, Thorsten Foreign Bank Acquisitions And Outreach
    Keywords: Access to Finance ; Bank Acquisitions ; Banking Sector ; Banking Sector Development ; Banking Services ; Banking Stability ; Banks ; Banks and Banking Reform ; Corporate Law ; Debt Markets ; Finance and Financial Sector Development ; Financial Crises ; Financial Services ; Foreign Banks ; Law and Development ; Municipalities ; Access to Finance ; Bank Acquisitions ; Banking Sector ; Banking Sector Development ; Banking Services ; Banking Stability ; Banks ; Banks and Banking Reform ; Corporate Law ; Debt Markets ; Finance and Financial Sector Development ; Financial Crises ; Financial Services ; Foreign Banks ; Law and Development ; Municipalities ; Access to Finance ; Bank Acquisitions ; Banking Sector ; Banking Sector Development ; Banking Services ; Banking Stability ; Banks ; Banks and Banking Reform ; Corporate Law ; Debt Markets ; Finance and Financial Sector Development ; Financial Crises ; Financial Services ; Foreign Banks ; Law and Development ; Municipalities
    Abstract: Between 1995 and 2005, foreign bank participation in Mexico rose from 2 percent of bank assets to 83 percent, as the top five largest banks were acquired by foreigners. This paper examines the link between foreign bank acquisitions and banking outreach. Using quarterly country, bank, and bank-municipality-level data, the authors find some contrasting patterns. As foreign bank participation rose due to foreign acquisitions, the number of municipalities with bank presence increased but the number of loan and deposit accounts fell for the country as a whole and for banks after they became foreign. The drop in the number of loans, however, was partially off-set by an increase in domestic bank loans. Further, the decline in loan and deposit accounts was more pronounced in more rural and poorer areas. Finally, only very rich and urban areas experienced an increase in branches after foreign acquisition
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  • 9
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Hoff, Karla Exiting A Lawless State
    Keywords: Assets ; Bankruptcy and Resolution of Financial Distress ; Corruption ; Democracy ; Finance and Financial Sector Development ; Gender ; Gender and Law ; Governance ; Labor Policies ; Law and Development ; Laws ; Lobbying ; Minister ; National Governance ; Politicians ; Privatization ; Public Sector Corruption and Anticorruption Measures ; Rule of law ; Social Protections and Labor ; Theft ; Assets ; Bankruptcy and Resolution of Financial Distress ; Corruption ; Democracy ; Finance and Financial Sector Development ; Gender ; Gender and Law ; Governance ; Labor Policies ; Law and Development ; Laws ; Lobbying ; Minister ; National Governance ; Politicians ; Privatization ; Public Sector Corruption and Anticorruption Measures ; Rule of law ; Social Protections and Labor ; Theft ; Assets ; Bankruptcy and Resolution of Financial Distress ; Corruption ; Democracy ; Finance and Financial Sector Development ; Gender ; Gender and Law ; Governance ; Labor Policies ; Law and Development ; Laws ; Lobbying ; Minister ; National Governance ; Politicians ; Privatization ; Public Sector Corruption and Anticorruption Measures ; Rule of law ; Social Protections and Labor ; Theft
    Abstract: An earlier paper showed that an economy could be trapped in an equilibrium state in which the absence of the rule of law led to asset-stripping, and the prevalence of asset-stripping led to the absence of a demand for the rule of law, highlighting a coordination failure. This paper looks more carefully at the dynamics of transition from a non-rule-of-law state. The paper identifies a commitment problem as the critical feature inhibiting the transition: the inability, under a rule of law, to forgive theft. This can lead to the perpetuation of the non-rule-of-law state, even when it might seem that the alternative is Pareto-improving
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  • 10
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (14 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Fehr, Ernst Spite and Development
    DDC: 360
    Keywords: Bankruptcy and Resolution of Financial Distress ; Competitive Advantage ; Corporate Law ; Debt Markets ; Economic Theory and Research ; Equilibrium ; Expected returns ; Expected utility ; Finance and Financial Sector Development ; Free riders ; Future research ; Gender ; Gender and Social Development ; Law and Development ; Macroeconomics ; Macroeconomics and Economic Growth ; Marginal cost ; Public good ; Utility function ; Bankruptcy and Resolution of Financial Distress ; Competitive Advantage ; Corporate Law ; Debt Markets ; Economic Theory and Research ; Equilibrium ; Expected returns ; Expected utility ; Finance and Financial Sector Development ; Free riders ; Future research ; Gender ; Gender and Social Development ; Law and Development ; Macroeconomics ; Macroeconomics and Economic Growth ; Marginal cost ; Public good ; Utility function ; Bankruptcy and Resolution of Financial Distress ; Competitive Advantage ; Corporate Law ; Debt Markets ; Economic Theory and Research ; Equilibrium ; Expected returns ; Expected utility ; Finance and Financial Sector Development ; Free riders ; Future research ; Gender ; Gender and Social Development ; Law and Development ; Macroeconomics ; Macroeconomics and Economic Growth ; Marginal cost ; Public good ; Utility function
    Abstract: In a wide variety of settings, spiteful preferences would constitute an obstacle to cooperation, trade, and thus economic development. This paper shows that spiteful preferences - the desire to reduce another's material payoff for the mere purpose of increasing one's relative payoff - are surprisingly widespread in experiments conducted in one of the least developed regions in India (Uttar Pradesh). In a one-shot trust game, the authors find that a large majority of subjects punish cooperative behavior although such punishment clearly increases inequality and decreases the payoffs of both subjects. In experiments to study coordination and to measure social preferences, the findings reveal empirical patterns suggesting that the willingness to reduce another's material payoff - either for the sake of achieving more equality or for the sake of being ahead - is stronger among individuals belonging to high castes than among those belonging to low castes. Because extreme social hierarchies are typically accompanied by a culture that stresses status-seeking, it is plausible that the observed social preference patterns are at least partly shaped by this culture. Thus, an exciting question for future research is the extent to which different institutions and cultures produce preferences that are conducive or detrimental to economic development
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  • 11
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (28 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Knack, Stephen Sovereign Rents And The Quality of Tax Policy And Administration
    Keywords: Banks and Banking Reform ; Bureaucratic quality ; Country risk ; Debt Markets ; Developing countries ; Development Economics and Aid Effectiveness ; Economic Theory and Research ; Economic development ; Emerging Markets ; Finance and Financial Sector Development ; Governance ; Governance Indicators ; Health, Nutrition and Population ; Human development ; International bank ; Law and Development ; Macroeconomics and Economic Growth ; Po ; Private Sector Development ; Rule of law ; Tax ; Tax Law ; Tax policy ; Tax systems ; Taxation and Subsidies ; Banks and Banking Reform ; Bureaucratic quality ; Country risk ; Debt Markets ; Developing countries ; Development Economics and Aid Effectiveness ; Economic Theory and Research ; Economic development ; Emerging Markets ; Finance and Financial Sector Development ; Governance ; Governance Indicators ; Health, Nutrition and Population ; Human development ; International bank ; Law and Development ; Macroeconomics and Economic Growth ; Po ; Private Sector Development ; Rule of law ; Tax ; Tax Law ; Tax policy ; Tax systems ; Taxation and Subsidies ; Banks and Banking Reform ; Bureaucratic quality ; Country risk ; Debt Markets ; Developing countries ; Development Economics and Aid Effectiveness ; Economic Theory and Research ; Economic development ; Emerging Markets ; Finance and Financial Sector Development ; Governance ; Governance Indicators ; Health, Nutrition and Population ; Human development ; International bank ; Law and Development ; Macroeconomics and Economic Growth ; Po ; Private Sector Development ; Rule of law ; Tax ; Tax Law ; Tax policy ; Tax systems ; Taxation and Subsidies
    Abstract: The availability of windfall revenues from natural resource exports or foreign aid potentially weakens governments' incentives to design efficient tax systems. Cross-country data for developing countries provide evidence for this hypothesis, using a World Bank indicator of "efficiency of revenue mobilization." Aid's negative effects on the quality of tax systems are robust to correcting for potential reverse causality, to changes in the sample, and to alternative estimation methods. Fuel export revenues are also associated with lower-quality tax policy and administration, but this finding is somewhat sensitive to outliers. Non-fuel resource exports, in contrast, show no relationship to the efficiency of revenue mobilization
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  • 12
    Language: English
    Pages: Online-Ressource (1 online resource (35 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Stecklov, Guy Agency, Education And Networks
    Keywords: Anthropology ; Communities & Human Settlements ; Culture & Development ; Family members ; Health, Nutrition and Population ; Human Migrations and Resettlements ; Human Rights ; International Migration ; International migrant ; Law and Development ; Living Standards ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Social Development ; Traditional societies ; Unmarried women ; Voluntary and Involuntary Resettlement ; War ; Anthropology ; Communities & Human Settlements ; Culture & Development ; Family members ; Health, Nutrition and Population ; Human Migrations and Resettlements ; Human Rights ; International Migration ; International migrant ; Law and Development ; Living Standards ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Social Development ; Traditional societies ; Unmarried women ; Voluntary and Involuntary Resettlement ; War ; Anthropology ; Communities & Human Settlements ; Culture & Development ; Family members ; Health, Nutrition and Population ; Human Migrations and Resettlements ; Human Rights ; International Migration ; International migrant ; Law and Development ; Living Standards ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Social Development ; Traditional societies ; Unmarried women ; Voluntary and Involuntary Resettlement ; War
    Abstract: This paper examines the causes and dynamics of the shift in the gender composition of migration, and more particularly, in the access of women to migration opportunities and decision making. The context of the analysis is Albania, a natural laboratory for studying migration developments given that out-migration was practically eliminated from the end of World War II to the end of the 1980s. The authors use micro-level data from the Albania 2005 Living Standards Measurement Study including migration histories for family members since migration began. Based on discrete-time hazard models, the analysis shows an impressive expansion of female participation in international migration. Female migration, which is shown to be strongly associated with education, wealth, and social capital, appears responsive to economic incentives and constraints. Yet, using unique data on the dependency of female migration to the household demographic structure as well as the sensitivity of female migration to household-level shocks, the authors show that it is the households themselves that are the decision-making agents behind this economic calculus and there is little to suggest that increased female migration signals the emergence of female agency
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  • 13
    Language: English
    Pages: Online-Ressource (1 online resource (21 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Angel-Urdinola, Diego F Does Participation In Productive Associations Signal Trust And Creditworthiness?
    Keywords: Collective ; Collective action ; Collective action problem ; Communities & Human Settlements ; Corporate Law ; Debt Markets ; Finance and Financial Sector Development ; Housing and Human Habitats ; Individuals ; Insurance and Risk Mitigation ; Labor Policies ; Law and Development ; Municipality ; Principal-agent ; Principal-agent problems ; Proxy ; Public firms ; Social Protections and Labor ; Unions ; Collective ; Collective action ; Collective action problem ; Communities & Human Settlements ; Corporate Law ; Debt Markets ; Finance and Financial Sector Development ; Housing and Human Habitats ; Individuals ; Insurance and Risk Mitigation ; Labor Policies ; Law and Development ; Municipality ; Principal-agent ; Principal-agent problems ; Proxy ; Public firms ; Social Protections and Labor ; Unions ; Collective ; Collective action ; Collective action problem ; Communities & Human Settlements ; Corporate Law ; Debt Markets ; Finance and Financial Sector Development ; Housing and Human Habitats ; Individuals ; Insurance and Risk Mitigation ; Labor Policies ; Law and Development ; Municipality ; Principal-agent ; Principal-agent problems ; Proxy ; Public firms ; Social Protections and Labor ; Unions
    Abstract: This article studies the extent to which participation in productive associations in Nicaragua contributes to increase individuals' access to social programs and credit services. By participating in productive associations, individuals give a good signal to firms and are rewarded with better transactions and more access to the services they provide, ceteris paribus. Estimates using 2005 data indicate that households that participate in productive associations display higher access to credit and to social programs that promote investment. Additionally, participation in productive associations is weakly associated to more favorable credit outcomes among those households that receive loans, such as lower interest rates and a lower probability of wanting more credit than what was accessible to them
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  • 14
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (13 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Amin, Mohammad Helpful Governments
    Keywords: Debt Markets ; Dictatorship ; Finance and Financial Sector Development ; Good governance ; Governance ; Governance Indicators ; Institutional reform ; Law and Development ; Legal Products ; Legal structure ; Legal system ; Lower house ; National Governance ; Political Institutions ; Poor governance ; Presidency ; Public Sector Corruption and Anticorruption Measures ; Regulatory measures ; Debt Markets ; Dictatorship ; Finance and Financial Sector Development ; Good governance ; Governance ; Governance Indicators ; Institutional reform ; Law and Development ; Legal Products ; Legal structure ; Legal system ; Lower house ; National Governance ; Political Institutions ; Poor governance ; Presidency ; Public Sector Corruption and Anticorruption Measures ; Regulatory measures ; Debt Markets ; Dictatorship ; Finance and Financial Sector Development ; Good governance ; Governance ; Governance Indicators ; Institutional reform ; Law and Development ; Legal Products ; Legal structure ; Legal system ; Lower house ; National Governance ; Political Institutions ; Poor governance ; Presidency ; Public Sector Corruption and Anticorruption Measures ; Regulatory measures
    Abstract: This paper provides an alternative way of testing the theory of legal origins, one based on a firm's perception of how helpful the government is for doing business. The author argues that an approach based on firm perceptions offers a number of advantages over existing studies. Specifically, the analysis demonstrates that heavier regulation in civil law compared with common law countries is not viewed by businesses as an efficient and socially desirable response to disorder. Further, the findings show a strong effect of legal tradition on government helpfulness even after controlling for various institutional measures known to be correlated with the legal tradition of countries. This suggests that there is more to legal tradition than what existing studies have unearthed
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  • 15
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Vagliasindi, Maria The Effectiveness of Boards of Directors of State Owned Enterprises In Developing Countries
    Keywords: Board member ; Boards of Directors ; Corporate Law ; Corporate governance ; Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial performance ; Firm performance ; Governance ; Governance arrangements ; Independent directors ; Law and Development ; Little attention ; Microfinance ; National Governance ; Private Partnerships ; Private Sector Development ; Private enterprises ; Board member ; Boards of Directors ; Corporate Law ; Corporate governance ; Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial performance ; Firm performance ; Governance ; Governance arrangements ; Independent directors ; Law and Development ; Little attention ; Microfinance ; National Governance ; Private Partnerships ; Private Sector Development ; Private enterprises ; Board member ; Boards of Directors ; Corporate Law ; Corporate governance ; Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial performance ; Firm performance ; Governance ; Governance arrangements ; Independent directors ; Law and Development ; Little attention ; Microfinance ; National Governance ; Private Partnerships ; Private Sector Development ; Private enterprises
    Abstract: This paper aims to shed some new light on the conditions needed to ensure the effectiveness of Boards of Directors of state owned enterprises with a focus on infrastructure sectors. In the case of developing countries, empirical studies have found evidence of positive links between the composition of the Board of Directors and financial performance. Yet the lack of solid theoretical foundations, and in some cases poor data availability, makes the conclusions of most studies weak. Several policy recommendations emerge from the review of the economic literature and evidence from case studies. First, the introduction of a sufficient number of independent directors emerges as an important corporate governance milestone. Empowering them to exercise effective monitoring of management, however, may prove to be a formidable challenge for of state owned enterprises. More attention to board procedures, particularly related to the Board selection and evaluation process, is essential, to produce the necessary insulation of Boards from government interference. Ensuring sufficient continuity of services to directors is particularly crucial to improve corporate governance. In addition, other factors that may reduce directors' ability to monitor corporate activities, such as the age profile and the number of Boards on which they sit, need to be handled more carefully
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  • 16
    Language: English
    Pages: Online-Ressource (1 online resource (60 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Cunningham, Wendy Earnings Inequality Within And Across Gender, Racial, And Ethnic Groups In Four Latin American Countries
    Keywords: Einkommensverteilung ; Geschlecht ; Rasse ; Ethnische Gruppe ; Konzentrationsmaß ; Gini-Koeffizient ; Lateinamerika ; Bolivien ; Brasilien ; Guatemala ; Guyana ; Affirmative action ; Affirmative action policies ; Discrimination ; Educational attainment ; Gender ; Gender ; Gender analysis ; Gender and Development ; Gender and Law ; Inequality ; Inequality ; Labor force ; Labor force participation ; Law and Development ; Poverty Reduction ; Race in Society ; Rural Development ; Rural Poverty Reduction ; Social Development ; Wage gap ; Affirmative action ; Affirmative action policies ; Discrimination ; Educational attainment ; Gender ; Gender ; Gender analysis ; Gender and Development ; Gender and Law ; Inequality ; Inequality ; Labor force ; Labor force participation ; Law and Development ; Poverty Reduction ; Race in Society ; Rural Development ; Rural Poverty Reduction ; Social Development ; Wage gap ; Affirmative action ; Affirmative action policies ; Discrimination ; Educational attainment ; Gender ; Gender ; Gender analysis ; Gender and Development ; Gender and Law ; Inequality ; Inequality ; Labor force ; Labor force participation ; Law and Development ; Poverty Reduction ; Race in Society ; Rural Development ; Rural Poverty Reduction ; Social Development ; Wage gap
    Abstract: Latin American countries are generally characterized as displaying high income and earnings inequality overall along with high inequality by gender, race, and ethnicity. However, the latter phenomenon is not a major contributor to the former phenomenon. Using household survey data from four Latin American countries (Bolivia, Brazil, Guatemala, and Guyana) for which stratification by race or ethnicity is possible, this paper demonstrates (using Theil index decompositions as well as Gini indices, and 90/10 and 50/10 percentile comparisons) that within-group earnings inequality rather than between-group earnings inequality is the main contributor to overall earnings inequality. Simulations in which the relatively disadvantaged gender and/or racial/ethnic group is treated as if it were the relatively advantaged group tend to reduce overall earnings inequality measures only slightly and in some cases have the effect of increasing earnings inequality measures
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  • 17
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (28 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Murthi, Mamta Attitudes To Equality
    Keywords: Corporate Law ; Country Strategy and Performance ; Developing countries ; Equal countries ; Gender ; Gender and Law ; Gini coefficient ; Income ; Income inequality ; Income level ; Inequality ; Labor market ; Law and Development ; Macroeconomics and Economic Growth ; Policy ReseaRch ; Poverty Impact Evaluation ; Poverty Reduction ; Poverty Reduction ; Public spending ; Corporate Law ; Country Strategy and Performance ; Developing countries ; Equal countries ; Gender ; Gender and Law ; Gini coefficient ; Income ; Income inequality ; Income level ; Inequality ; Labor market ; Law and Development ; Macroeconomics and Economic Growth ; Policy ReseaRch ; Poverty Impact Evaluation ; Poverty Reduction ; Poverty Reduction ; Public spending ; Corporate Law ; Country Strategy and Performance ; Developing countries ; Equal countries ; Gender ; Gender and Law ; Gini coefficient ; Income ; Income inequality ; Income level ; Inequality ; Labor market ; Law and Development ; Macroeconomics and Economic Growth ; Policy ReseaRch ; Poverty Impact Evaluation ; Poverty Reduction ; Poverty Reduction ; Public spending
    Abstract: It is routinely assumed that residents of post-socialist countries have a preference for greater income equality, other things being equal, owing to the legacy of socialism. This proposition is examined in the context of Eastern Europe and the former Soviet Union using data from three waves of the World Values Survey. Contrary to expectations, the authors find little evidence of a 'socialist legacy' en bloc. Considering the former Soviet Union separately from other post-socialist countries, the analysis finds that as a group these countries display significantly lower preference for moving toward greater income equality than both Eastern Europe and other comparator groups (developed and developing countries). These findings hold up even when controlling for the conventional determinants of attitudes such as income level and employment status of the individual respondent, as well as national factors such as per-capita income and its distribution. Moreover, the preference for greater income inequality appears to have persisted at least since the mid-1990s and possibly since the early 1990s (data difficulties preclude a robust examination of this latter question). The results are consistent with the fairly low levels of public spending on redistribution commonly found in the former Soviet Union
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  • 18
    Language: English
    Pages: Online-Ressource (1 online resource (33 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bown, Chad P Developing Countries And Enforcement of Trade Agreements
    Keywords: Dumping ; Economic Theory and Research ; Economics Literature ; Emerging Markets ; Externality ; Free Trade ; Generalized System Of Preferences ; International Economics & Trade ; International Trade ; LDCS ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Trade Law ; Trade Liberalization ; Transparency ; WTO ; World Trade Organization ; World Trade Organization ; Dumping ; Economic Theory and Research ; Economics Literature ; Emerging Markets ; Externality ; Free Trade ; Generalized System Of Preferences ; International Economics & Trade ; International Trade ; LDCS ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Trade Law ; Trade Liberalization ; Transparency ; WTO ; World Trade Organization ; World Trade Organization ; Dumping ; Economic Theory and Research ; Economics Literature ; Emerging Markets ; Externality ; Free Trade ; Generalized System Of Preferences ; International Economics & Trade ; International Trade ; LDCS ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Trade Law ; Trade Liberalization ; Transparency ; WTO ; World Trade Organization ; World Trade Organization
    Abstract: Poor countries are rarely challenged in formal World Trade Organization trade disputes for failing to live up to commitments, reducing the benefits of their participation in international trade agreements. This paper examines the political-economic causes of the failure to challenge poor countries, and discusses the static and dynamic costs and externality implications of this failure. Given the weak incentives to enforce World Trade Organization rules and disciplines against small and poor members, bolstering the transparency function of the World Trade Organization is important for making trade agreements more relevant to trade constituencies in developing countries. Although the paper focuses on the World Trade Organization system, the arguments also apply to reciprocal North-South trade agreements
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  • 19
    Language: English
    Pages: Online-Ressource (1 online resource (50 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Zhao, Longyue Trade Remedies And Non-Market Economies
    Keywords: Bilateral trade ; Capacity building ; Debt Markets ; Development policies ; Dumping ; Economic Implications ; Economic Theory and Research ; Economic efficiency ; Emerging Markets ; Finance and Financial Sector Development ; ITC ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Trade Law ; Trade policy ; WTO ; World Trade Organization ; Bilateral trade ; Capacity building ; Debt Markets ; Development policies ; Dumping ; Economic Implications ; Economic Theory and Research ; Economic efficiency ; Emerging Markets ; Finance and Financial Sector Development ; ITC ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Trade Law ; Trade policy ; WTO ; World Trade Organization ; Bilateral trade ; Capacity building ; Debt Markets ; Development policies ; Dumping ; Economic Implications ; Economic Theory and Research ; Economic efficiency ; Emerging Markets ; Finance and Financial Sector Development ; ITC ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Trade Law ; Trade policy ; WTO ; World Trade Organization
    Abstract: In 2007, the United States Department of Commerce altered a 23-year old policy of not applying the countervailing duty law to non-market economies, and initiated eight countervailing and antidumping duty investigations on Chinese imports. The change brings heated debate on trade remedy policies and issues of non-market economies. This study focuses on the first countervailing duty case on imported coated free sheet paper from China and analyzes the implications of this test case for United States-China bilateral trade, and industrial policies in transitioning market economies. The paper also provides a brief review of the economics of subsidies, World Trade Organization rules on subsides and countervailing measures, and United States countervailing duty laws applied to non-market economies. While recently acceded countries should review their domestic development policies from the perspective of economic efficiency and comply with the World Trade Organization rules, it is also important to further clarify the issues of non-market economies under the multilateral trading system, and pay keen attention to the rules negotiations in the current World Trade Organization Doha Development Round
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  • 20
    Language: English
    Pages: Online-Ressource (1 online resource (29 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Brenton, Paul Economic Partnership Agreements And The Export Competitiveness of Africa
    Keywords: Competitiveness ; Development assistance ; Development strategies ; Economic Theory & Research ; Emerging Markets ; Export growth ; Free Trade ; International Economics & Trade ; International trade ; Law and Development ; Private Sector Development ; Productivity ; Public Sector Development ; Tariff barriers ; Trade Law ; Trade Policy ; Trade competitiveness ; Trade diversion ; Trade policy ; Competitiveness ; Development assistance ; Development strategies ; Economic Theory & Research ; Emerging Markets ; Export growth ; Free Trade ; International Economics & Trade ; International trade ; Law and Development ; Private Sector Development ; Productivity ; Public Sector Development ; Tariff barriers ; Trade Law ; Trade Policy ; Trade competitiveness ; Trade diversion ; Trade policy ; Competitiveness ; Development assistance ; Development strategies ; Economic Theory & Research ; Emerging Markets ; Export growth ; Free Trade ; International Economics & Trade ; International trade ; Law and Development ; Private Sector Development ; Productivity ; Public Sector Development ; Tariff barriers ; Trade Law ; Trade Policy ; Trade competitiveness ; Trade diversion ; Trade policy
    Abstract: Trade can be a key driver of growth for African countries, as it has been for those countries, particularly in East Asia, that have experienced high and sustained rates of growth. Economic partnership agreements with the European Union could be instrumental in a competitiveness framework, but to do so they would have to be designed carefully in a way that supports integration into the global economy and is consistent with national development strategies. Interim agreements have focused on reciprocal tariff removal and less restrictive rules of origin. To be fully effective, economic partnership agreements will have to address constraints to regional integration, including both tariff and non-tariff barriers; improve trade facilitation; and define appropriate most favored nation services liberalization. At the same time, African countries will need to reduce external tariff peak barriers on a most favored nation basis to ensure that when preferences for the European Union are implemented after transitional periods, they do not lead to substantial losses from trade diversion. This entails an ambitious agenda of policy reform that must be backed up by development assistance in the form of "aid for trade
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  • 21
    Language: English
    Pages: Online-Ressource (1 online resource (31 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Mattoo, Aaditya Currency Undervaluation And Sovereign Wealth Funds
    Keywords: Access to Finance ; Bankruptcy and Resolution of Financial Distress ; Currencies and Exchange Rates ; Currency ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Enforcement ; Exchange ; Exchange rate ; Exchange rates ; Finance and Financial Sector Development ; Free Trade ; Government action ; Interest ; International Economics & Trade ; Investments ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Subsidies ; Trade Law ; World trade ; Access to Finance ; Bankruptcy and Resolution of Financial Distress ; Currencies and Exchange Rates ; Currency ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Enforcement ; Exchange ; Exchange rate ; Exchange rates ; Finance and Financial Sector Development ; Free Trade ; Government action ; Interest ; International Economics & Trade ; Investments ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Subsidies ; Trade Law ; World trade ; Access to Finance ; Bankruptcy and Resolution of Financial Distress ; Currencies and Exchange Rates ; Currency ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Enforcement ; Exchange ; Exchange rate ; Exchange rates ; Finance and Financial Sector Development ; Free Trade ; Government action ; Interest ; International Economics & Trade ; Investments ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Subsidies ; Trade Law ; World trade
    Abstract: Two aspects of global imbalances - undervalued exchange rates and sovereign wealth funds - require a multilateral response. For reasons of inadequate leverage and eroding legitimacy, the International Monetary Fund has not been effective in dealing with undervalued exchange rates. This paper proposes new rules in the World Trade Organization to discipline cases of significant undervaluation that are clearly attributable to government action. The rationale for WTO involvement is that there are large trade consequences of undervalued exchange rates, which act as both import tariffs and export subsidies, and that the WTO's enforcement mechanism is credible and effective. The World Trade Organization would not be involved in exchange rate management, and would not displace the International Monetary Fund. Rather, the authors suggest ways to harness the comparative advantage of the two institutions, with the International Monetary Fund providing the essential technical expertise in the World Trade Organization's enforcement process. There is a bargain to be struck between countries with sovereign wealth funds, which want secure and liberal access for their capital, and capital-importing countries, which have concerns about the objectives and operations of sovereign wealth funds. The World Trade Organization is the natural place to strike this bargain. Its General Agreement on Trade in Services, already covers investments by sovereign wealth funds, and other agreements offer a precedent for designing disciplines for these funds. Placing exchange rates and sovereign wealth funds on the trade negotiating agenda may help revive the Doha Round by rekindling the interest of a wide variety of groups
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  • 22
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (110 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Butler, Monika Annuities in Switzerland
    Keywords: Annuities ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Gender ; Gender and Law ; Law and Development ; Macroeconomics and Economic Growth ; Occupational Pension Plans ; Pay-As-You-Go System ; Pension ; Pension Scheme ; Pension System ; Pensions and Retirement Systems ; Private Sector Development ; Replacement Rate ; Retirement ; Social Protections and Labor ; Social Security ; Social Security System ; Annuities ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Gender ; Gender and Law ; Law and Development ; Macroeconomics and Economic Growth ; Occupational Pension Plans ; Pay-As-You-Go System ; Pension ; Pension Scheme ; Pension System ; Pensions and Retirement Systems ; Private Sector Development ; Replacement Rate ; Retirement ; Social Protections and Labor ; Social Security ; Social Security System ; Annuities ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Gender ; Gender and Law ; Law and Development ; Macroeconomics and Economic Growth ; Occupational Pension Plans ; Pay-As-You-Go System ; Pension ; Pension Scheme ; Pension System ; Pensions and Retirement Systems ; Private Sector Development ; Replacement Rate ; Retirement ; Social Protections and Labor ; Social Security ; Social Security System
    Abstract: Switzerland's pension system has attracted considerable attention, mainly due to its reliance on a three-pillar structure. A relatively small pay-as-you-go system (first pillar) is complemented by a mandatory, employer-based, fully funded occupational pension scheme (second pillar). The main goal of this paper is to provide a detailed description and analysis of the Swiss pension system. Particular emphasis is placed on the second pillar and its role in the provision of old age benefits within the Swiss social security system. The paper shows, for example, that a typical individual with an uninterrupted career can expect a net (after-tax) replacement rate of at least 70 percent. Occupational pension plans are highly regulated. Minimum interest rate requirements and minimum conversion rates (at which the accumulated retirement balances are transformed into annuity streams) introduce many elements of defined benefit plans into notionally defined contribution schemes. The resulting money's worth ratios are very high (with the exception of single males). Switzerland also has a high annuitization rate by international standards (approximately 80 percent). However, due to high fragmentation of the scheme and non-uniform accounting practices, some aspects of the system are not very transparent. The paper sheds light on the financial health of the pension system and the evolution of the regulatory framework in the past two decades
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  • 23
    Language: English
    Pages: Online-Ressource (1 online resource (37 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bayly, C.A Indigenous And Colonial Origins of Comparative Economic Development
    Keywords: Anthropologists ; Anthropology ; Anthropology ; Cities ; Corporate Law ; Cultural Policy ; Culture & Development ; E-Business ; Economic Growth ; Economic Theory and Research ; Historians ; Historiography ; Industrial Development ; Law and Development ; Literature ; Macroeconomics and Economic Growth ; Philosophy ; Private Sector Development ; Public Sector Development ; Writers ; Anthropologists ; Anthropology ; Anthropology ; Cities ; Corporate Law ; Cultural Policy ; Culture & Development ; E-Business ; Economic Growth ; Economic Theory and Research ; Historians ; Historiography ; Industrial Development ; Law and Development ; Literature ; Macroeconomics and Economic Growth ; Philosophy ; Private Sector Development ; Public Sector Development ; Writers ; Anthropologists ; Anthropology ; Anthropology ; Cities ; Corporate Law ; Cultural Policy ; Culture & Development ; E-Business ; Economic Growth ; Economic Theory and Research ; Historians ; Historiography ; Industrial Development ; Law and Development ; Literature ; Macroeconomics and Economic Growth ; Philosophy ; Private Sector Development ; Public Sector Development ; Writers
    Abstract: This paper concerns the institutional origins of economic development, emphasizing the cases of nineteenth-century India and Africa. Colonial institutions-the law, western style property rights, newspapers and statistical analysis-played an important part in the emergence of Indian public and commercial life in the nineteenth and twentieth centuries. These institutions existed in the context of a state that was extractive and yet dependent on indigenous cooperation in many areas, especially in the case of the business class. In such conditions, Indian elites were critical in creating informal systems of peer-group education, enhancing aspiration through the use of historicist and religious themes and in creating a "benign sociology" of India as a prelude to development. Indigenous ideologies and practices were as significant in this slow enhancement of Indian capabilities as transplanted colonial ones. Contemporary development specialists would do well to consider the merits of indigenous forms of association and public debate, religious movements and entrepreneurial classes. Over much of Asia and Africa, the most successful enhancement of people's capabilities has come through the action of hybrid institutions of this type
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  • 24
    Language: English
    Pages: Online-Ressource (1 online resource (19 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Das Gupta, Monica Does Hepatitis B Infection Or Son Preference Explain The Bulk of Gender Imbalance In China?
    Keywords: Disease Control and Prevention ; Gender ; Gender and Health ; Gender and Law ; Health, Nutrition and Population ; Human Development ; Immunization ; Law and Development ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Public Services ; Reproductive Health ; Sex ; Sex ratios ; Social institutions ; Son Preference ; Disease Control and Prevention ; Gender ; Gender and Health ; Gender and Law ; Health, Nutrition and Population ; Human Development ; Immunization ; Law and Development ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Public Services ; Reproductive Health ; Sex ; Sex ratios ; Social institutions ; Son Preference ; Disease Control and Prevention ; Gender ; Gender and Health ; Gender and Law ; Health, Nutrition and Population ; Human Development ; Immunization ; Law and Development ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Public Services ; Reproductive Health ; Sex ; Sex ratios ; Social institutions ; Son Preference
    Abstract: China has a large deficit of females, and public policies have sought to reduce the son preference that is widely believed to cause this. Recently a study has suggested that up to 75 percent of this deficit is attributable to hepatitis B infection, indicating that immunization programs should form the first plank of policy interventions. However, a large medical dataset from Taiwan (China) shows that hepatitis B infection raises women's probability of having a son by only 0.25 percent. And demographic data from China show that the only group of women who have elevated probabilities of bearing a son are those who have already borne daughters. This pattern makes it difficult to see how any biological factor can explain a large part of the imbalance in China's sex ratios at birth -- unless it can be shown that it somehow selectively affects those who have borne girls, or causes them to first bear girls and then boys. The Taiwanese data suggest that this is not the case with hepatitis B, since its impact is unaffected by the sex composition of previous births. The data support the cultural, rather than the biological, explanation for the "missing women
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  • 25
    Language: English
    Pages: Online-Ressource (1 online resource (40 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Yeung, Bernard Does "Good Government" Draw Foreign Capital ?
    Keywords: Bank Policy ; Bureaucratic Quality ; Contracts ; Country Risk ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exchange ; Finance ; Finance and Financial Sector Development ; Fixed Investment ; Foreign Capital ; Foreign Direct Investment ; Foreign Direct Investment ; Foreign Investors ; Future ; International Economics & Trade ; Investment and Investment Climate ; Law and Development ; Macroeconomics and Economic Growth ; Political Economy ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Social Protections and Labor ; Bank Policy ; Bureaucratic Quality ; Contracts ; Country Risk ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exchange ; Finance ; Finance and Financial Sector Development ; Fixed Investment ; Foreign Capital ; Foreign Direct Investment ; Foreign Direct Investment ; Foreign Investors ; Future ; International Economics & Trade ; Investment and Investment Climate ; Law and Development ; Macroeconomics and Economic Growth ; Political Economy ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Social Protections and Labor ; Bank Policy ; Bureaucratic Quality ; Contracts ; Country Risk ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exchange ; Finance ; Finance and Financial Sector Development ; Fixed Investment ; Foreign Capital ; Foreign Direct Investment ; Foreign Direct Investment ; Foreign Investors ; Future ; International Economics & Trade ; Investment and Investment Climate ; Law and Development ; Macroeconomics and Economic Growth ; Political Economy ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Social Protections and Labor
    Abstract: China is now the world's largest destination of foreign direct investment (FDI), despite assessments highlighting its institutional deficiencies. But this FDI inflow corresponds closely to predicted FDI flows into China from a model that predicts FDI inflow based on government quality indicators and controls and is estimated across a sample of other weak-institution countries. The only real discrepancy is that, if government quality is measured by constraints on executive power, China receives somewhat more FDI than the model predicts. This might reflect an underestimation of the strength of these constraints in China, a unique institutional setting for FDI operations, FDI based on expected future institutional improvements, or a unique Chinese model of development. The authors conclude that Ockham's razor disfavors the last. They also note that FDI may be elevated because Chinese institutions protect foreign firms better than domestic ones
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  • 26
    Language: English
    Pages: Online-Ressource (1 online resource (23 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Coulibaly, Souleymane Evaluating The Trade Effect of Developing Regional Trade Agreements
    Keywords: Currencies and Exchange Rates ; Economic Theory and Research ; Exports ; Finance and Financial Sector Development ; Free Trade ; Gravity model ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Public Sector Development ; Regional Trade ; Regional Trade Agreements ; Rules of origin ; Trade Effect ; Trade Law ; Trade Policy ; Trade agreement ; Trade creation ; Trade effects ; Trade flows ; Currencies and Exchange Rates ; Economic Theory and Research ; Exports ; Finance and Financial Sector Development ; Free Trade ; Gravity model ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Public Sector Development ; Regional Trade ; Regional Trade Agreements ; Rules of origin ; Trade Effect ; Trade Law ; Trade Policy ; Trade agreement ; Trade creation ; Trade effects ; Trade flows ; Currencies and Exchange Rates ; Economic Theory and Research ; Exports ; Finance and Financial Sector Development ; Free Trade ; Gravity model ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Public Sector Development ; Regional Trade ; Regional Trade Agreements ; Rules of origin ; Trade Effect ; Trade Law ; Trade Policy ; Trade agreement ; Trade creation ; Trade effects ; Trade flows
    Abstract: Many recent papers have pointed to ambiguous trade effects of developing regional trade agreements (RTAs), calling for a reassessment of their economic merits. The author focuses on seven such agreements currently in force in Sub-Saharan Africa (ECOWAS and SADC), Asia (AFTA and SAPTA) and Latin America (CACM, CAN, and MERCOSUR), estimating their impacts on their members' trade flows. Instead of the usual dummy variables for RTAs, he proposes a variable taking into account the number of years of membership. He then combines a gravity model with kernel estimation techniques to capture the non-monotonic trade effects while imposing minimal structure on the model. The results indicate that except for SAPTA, these RTAs have had a positive impact on their members' intra-trade over the estimation period (1960-99). AFTA seems to be the most successful among them, with an estimated positive impact on its members' imports from the rest of the world (hence no trade diversion), but its impact on their exports to the rest of the world is rather limited. During its first 10 years of existence, ECOWAS appears to have had a positive impact on its members' imports from the rest of the world (hence no trade diversion), but this positive impact vanished over time. SAPTA's negative impact on its members' intra-trade is probably an implicit effect of the India-Pakistan tensions over the estimation period
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  • 27
    Language: English
    Pages: Online-Ressource (1 online resource (29 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Pelkmans-Balaoing, Annette O Rules of origin and the web of East Asian free trade agreements
    Keywords: Bilateral free trade agreements ; Economic Theory and Research ; Free Trade ; Free Trade ; Free Trade Agreements ; Free Trade Area ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Preferential rules of origin ; Public Sector Development ; Regional Integration ; Regional trade ; Rules of Origin ; Rules of Origin ; Tariff data ; Trade Law ; Trade Policy ; Trade flows ; Bilateral free trade agreements ; Economic Theory and Research ; Free Trade ; Free Trade ; Free Trade Agreements ; Free Trade Area ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Preferential rules of origin ; Public Sector Development ; Regional Integration ; Regional trade ; Rules of Origin ; Rules of Origin ; Tariff data ; Trade Law ; Trade Policy ; Trade flows ; Bilateral free trade agreements ; Economic Theory and Research ; Free Trade ; Free Trade ; Free Trade Agreements ; Free Trade Area ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Preferential rules of origin ; Public Sector Development ; Regional Integration ; Regional trade ; Rules of Origin ; Rules of Origin ; Tariff data ; Trade Law ; Trade Policy ; Trade flows
    Abstract: The authors provide an overview of the preferential rules of origin in East Asia, highlighting the aspects that might possibly generate some trade-chilling effects. They review characteristics of existing preferential trade agreements with special emphasis on lessons from the European experience, and analyze some important features of the existing rules of origin in East and South-East Asian regional integration agreements. The empirical analysis of the effectiveness of preferentialism on intra-regional trade flows focuses on the ASEAN Free Trade Area (AFTA), with the aim of providing a rough estimate of the costs of requesting preferences. The results suggest that preferential tariffs favorably affect intra-regional imports only at very high margins (around 25 percentage points). This points to the likelihood of high administrative costs attached to the exploitation of preferences, particularly with regard to the compliance with AFTA's rules of origin
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  • 28
    Language: English
    Pages: Online-Ressource (1 online resource (28 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Cravino, Javier Foreign Direct Investment In Latin America During The Emergence of China And India
    Keywords: Capital formation ; Capital stocks ; Common Carriers Industry ; Corporate Law ; Debt Markets ; Developing countries ; Finance and Financial Sector Development ; Financial support ; Fixed capital ; Foreign Direct Investment ; Foreign capital ; Host countries ; Host country ; Industry ; International Bank ; Law and Development ; Non Bank Financial Institutions ; Transport ; Transport and Trade Logistics ; Capital formation ; Capital stocks ; Common Carriers Industry ; Corporate Law ; Debt Markets ; Developing countries ; Finance and Financial Sector Development ; Financial support ; Fixed capital ; Foreign Direct Investment ; Foreign capital ; Host countries ; Host country ; Industry ; International Bank ; Law and Development ; Non Bank Financial Institutions ; Transport ; Transport and Trade Logistics ; Capital formation ; Capital stocks ; Common Carriers Industry ; Corporate Law ; Debt Markets ; Developing countries ; Finance and Financial Sector Development ; Financial support ; Fixed capital ; Foreign Direct Investment ; Foreign capital ; Host countries ; Host country ; Industry ; International Bank ; Law and Development ; Non Bank Financial Institutions ; Transport ; Transport and Trade Logistics
    Abstract: In spite of the growing concerns about foreign direct investment being diverted from Latin America to China and India, the best available data show that Latin America has performed relatively well since 1997. Foreign capital stocks from OECD countries and the United States in particular in China and India are still far from those in the largest Latin American economies. The evidence shows that foreign capital stocks in China increased more than in Latin America during 1990-1997, but not as much since 1997. In fact, Latin America has actually performed better than China since 1997 given its lack of relative growth. The growth of foreign capital stocks in India was more stable than in China. Nonetheless, after controlling for shocks emanating from the source countries and bilateral distance between source and host countries, this paper finds a significant change in foreign capital stocks relative to China between 1990 and 1997, but no change relative to India
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  • 29
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Blunch, Niels-Hugo Changing Norms About Gender Inequality In Education
    Keywords: Access and Equity in Basic Education ; Education ; Equality In Education ; Equality In Marriage ; Gender ; Gender ; Gender Equality ; Gender Inequality ; Gender and Development ; Gender and Law ; Girls ; Health, Nutrition and Population ; Labor Market ; Law and Development ; Marriages ; Married Women ; Population Policies ; Primary Education ; Social Development ; Access and Equity in Basic Education ; Education ; Equality In Education ; Equality In Marriage ; Gender ; Gender ; Gender Equality ; Gender Inequality ; Gender and Development ; Gender and Law ; Girls ; Health, Nutrition and Population ; Labor Market ; Law and Development ; Marriages ; Married Women ; Population Policies ; Primary Education ; Social Development ; Access and Equity in Basic Education ; Education ; Equality In Education ; Equality In Marriage ; Gender ; Gender ; Gender Equality ; Gender Inequality ; Gender and Development ; Gender and Law ; Girls ; Health, Nutrition and Population ; Labor Market ; Law and Development ; Marriages ; Married Women ; Population Policies ; Primary Education ; Social Development
    Abstract: Using a recent household survey for two cohorts of married women, this paper examines norms about gender equality in education for children and adults. Among the main findings are that gender education gap norms have changed: younger generations of women are more positive about female vs. male education, both as pertaining to child and adult education outcomes. Perhaps the strongest result is that Bangladeshi women are more likely to espouse attitudes of gender equality in education for their children and less so about gender equality among spouses. It is also easier to explain norms regarding children's education and more difficult to explain norms about equality in marriages. The authors believe that question on relative education of boys and girls captures the value of education per se, while the question on educational equality in marriage captures the norms regarding marriage and the relative worth of husbands and wives. The effect of education in determining norms is significant though complex, and spans own and spousal education, as well as that of older females in the household. This indicates sharing of education norms effects or externalities arising from spousal education in the production of gender education gap norms within marriage as well as arising from the presence of older educated females in the household. Lastly, the authors also find associations between gender education gap norms and household poverty, information processing and religion, though the evidence here is more mixed
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  • 30
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Fares, Jean Child Labor Across The Developing World
    Keywords: Account ; Age ; Boys ; Child Labor ; Child Labour ; Child Labour Force ; Child Workers ; Children ; Children and Youth ; Distribution of Children ; Gender ; Gender and Law ; Information ; Law and Development ; Living Standards ; Participation ; Street Children ; Urban Development ; Youth and Government ; Account ; Age ; Boys ; Child Labor ; Child Labour ; Child Labour Force ; Child Workers ; Children ; Children and Youth ; Distribution of Children ; Gender ; Gender and Law ; Information ; Law and Development ; Living Standards ; Participation ; Street Children ; Urban Development ; Youth and Government ; Account ; Age ; Boys ; Child Labor ; Child Labour ; Child Labour Force ; Child Workers ; Children ; Children and Youth ; Distribution of Children ; Gender ; Gender and Law ; Information ; Law and Development ; Living Standards ; Participation ; Street Children ; Urban Development ; Youth and Government
    Abstract: The aim of this study is two-fold. First, based on summary data at the country-level for an unusually large set of developing countries originally obtained from household sample surveys conducted between 1993 and 2003, the authors construct a detailed profile of child economic activity and child labor, attempting, wherever the data permit, to identify similarities and differences across regions and between genders. Second, they link the country-level data on child economic activity and child labor to country-level indicators of the state of economic and social development in the same time period in order to (1) ascertain if cross-country correlations previously identified in the literature are found in the data, and (2) illumine other possible correlations that may exist. As part of this exercise, the authors examine one important relationship that has thus far not been directly investigated in the literature, namely, the cross-country correlation between child labor, agriculture, and poverty
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  • 31
    Language: English
    Pages: Online-Ressource (1 online resource (26 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Fink, Carsten Rules of Origin In Services
    Keywords: Dienstleistungshandel ; Freihandelsabkommen ; Herkunftsbezeichnung ; ASEAN-Staaten ; Agreement On Trade ; Banks and Banking Reform ; Bilateral Trade ; Border Trade ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exporters ; Exports ; External Tariffs ; Finance and Financial Sector Development ; Free Trade ; Free Trade ; Free Trade Agreements ; International Economics & Trade ; Law and Development ; Liberalization of Trade ; Macroeconomics and Economic Growth ; Market Access ; Preferential ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Public Sector Development ; Trade ; Trade Law ; Trade and Services ; Agreement On Trade ; Banks and Banking Reform ; Bilateral Trade ; Border Trade ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exporters ; Exports ; External Tariffs ; Finance and Financial Sector Development ; Free Trade ; Free Trade ; Free Trade Agreements ; International Economics & Trade ; Law and Development ; Liberalization of Trade ; Macroeconomics and Economic Growth ; Market Access ; Preferential ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Public Sector Development ; Trade ; Trade Law ; Trade and Services ; Agreement On Trade ; Banks and Banking Reform ; Bilateral Trade ; Border Trade ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exporters ; Exports ; External Tariffs ; Finance and Financial Sector Development ; Free Trade ; Free Trade ; Free Trade Agreements ; International Economics & Trade ; Law and Development ; Liberalization of Trade ; Macroeconomics and Economic Growth ; Market Access ; Preferential ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Public Sector Development ; Trade ; Trade Law ; Trade and Services
    Abstract: An important question in the design of bilateral and regional free trade agreements (FTAs) covering services is to what extent nonmembers benefit from the trade preferences that are negotiated among members. This question is resolved through services rules of origin. The restrictiveness of rules of origin determines the degree of preferences entailed in market opening commitments, shaping the bargaining incentives of FTAs and their eventual economic effects. Even though the number of FTAs in services has increased rapidly in recent years, hardly any research is available that can guide policymakers on the economic implications of different rules of origin. After outlining the key economic tradeoffs and options for rules of origin in services, the paper summarizes the main findings of a research project that has assessed the rules of origin question for five countries in the ASEAN region. For selected service subsectors and a number of criteria for rules or origin, simulation exercises evaluated which service providers would or would not be eligible for preferences negotiated under a FTA. Among other findings, the simulation results point to the binding nature of a domestic ownership or control requirement and, for the specific case of financial services, a requirement of incorporation
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  • 32
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (30 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Jacoby, Hanan G Incentives, Supervision, And Sharecropper Productivity
    Keywords: Accounting ; Adverse Selection ; Communities & Human Settlement ; Contract Law ; Contracts ; Debt Markets ; E-Business ; Economic Theory and Research ; Effects ; Efficiency ; Equity ; Family Labor ; Finance and Financial Sector Development ; Incentive Problems ; Incentives ; Information ; Investment and Investment Climate ; Labor Allocation ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Monitoring ; Municipal Housing and Land ; Political Economy ; Private Sector Development ; Social Protections and Labor ; Urban Development ; Urban Housing ; Accounting ; Adverse Selection ; Communities & Human Settlement ; Contract Law ; Contracts ; Debt Markets ; E-Business ; Economic Theory and Research ; Effects ; Efficiency ; Equity ; Family Labor ; Finance and Financial Sector Development ; Incentive Problems ; Incentives ; Information ; Investment and Investment Climate ; Labor Allocation ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Monitoring ; Municipal Housing and Land ; Political Economy ; Private Sector Development ; Social Protections and Labor ; Urban Development ; Urban Housing ; Accounting ; Adverse Selection ; Communities & Human Settlement ; Contract Law ; Contracts ; Debt Markets ; E-Business ; Economic Theory and Research ; Effects ; Efficiency ; Equity ; Family Labor ; Finance and Financial Sector Development ; Incentive Problems ; Incentives ; Information ; Investment and Investment Climate ; Labor Allocation ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Monitoring ; Municipal Housing and Land ; Political Economy ; Private Sector Development ; Social Protections and Labor ; Urban Development ; Urban Housing
    Abstract: Although sharecropping has long fascinated economists, the determinants of this contractual form are still poorly understood and the debate over the extent of moral hazard is far from settled. The authors address both issues by emphasizing the role of landlord supervision. When tenant effort is observable, but at a cost to the landlord, otherwise identical share-tenants can receive different levels of supervision and have different productivity. Unique data on monitoring frequency collected from sharetenants in rural Pakistan confirm that, controlling for selection, "supervised" tenants are significantly more productive than "unsupervised" ones. Landlords' decisions regarding the intensity of supervision and the type of incentive contract to offer depend importantly on the cost of supervising tenants
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  • 33
    Language: English
    Pages: Online-Ressource (1 online resource (24 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Jacoby, Hanan G Watta Satta
    Keywords: Anthropology ; Child ; Culture & Development ; Divorce ; Domestic Abuse ; Domestic Violence ; Families ; Family ; Female ; Gender ; Gender and Law ; Health, Nutrition and Population ; Home ; Husband ; Husbands ; Law ; Law and Development ; Laws ; Marriage ; Marriages ; Population Policies ; Population and Development ; Residence ; Social Development ; Social Inclusion and Institutions ; Anthropology ; Child ; Culture & Development ; Divorce ; Domestic Abuse ; Domestic Violence ; Families ; Family ; Female ; Gender ; Gender and Law ; Health, Nutrition and Population ; Home ; Husband ; Husbands ; Law ; Law and Development ; Laws ; Marriage ; Marriages ; Population Policies ; Population and Development ; Residence ; Social Development ; Social Inclusion and Institutions ; Anthropology ; Child ; Culture & Development ; Divorce ; Domestic Abuse ; Domestic Violence ; Families ; Family ; Female ; Gender ; Gender and Law ; Health, Nutrition and Population ; Home ; Husband ; Husbands ; Law ; Law and Development ; Laws ; Marriage ; Marriages ; Population Policies ; Population and Development ; Residence ; Social Development ; Social Inclusion and Institutions
    Abstract: In a setting where husbands wield considerable coercive power, forms of marriage should adapt to protect the interests of women and their families. The authors study the pervasive marriage custom of watta satta in rural Pakistan, a bride exchange between families coupled with a mutual threat of retaliation. They show that watta satta may be a mechanism to coordinate the actions of two sets of in-laws, each of whom wish to restrain their sons-in-law but who only have the ability to restrain their sons. The authors' empirical results support this view. The likelihood of marital inefficiency, as measured by estrangement, domestic abuse, and wife's mental health, is significantly lower in watta satta arrangements as compared with conventional marriages, but only after properly accounting for selection
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  • 34
    Language: English
    Pages: Online-Ressource (1 online resource (44 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Baller, Silja Trade Effects of Regional Standards Liberalization
    Keywords: Asymmetric Information ; Bilateral Trade ; Competition Policy ; Consumer Protection ; Consumers ; Debt Markets ; E-Business ; Economic Theory and Research ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Fixed Costs ; Free Trade ; Goods ; Influence ; Inputs ; International Economics & Trade ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Markets ; Markets and Market Access ; Negative Externalition ; Private Sector Development ; Public Sector Development ; Social Protections and Labor ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Asymmetric Information ; Bilateral Trade ; Competition Policy ; Consumer Protection ; Consumers ; Debt Markets ; E-Business ; Economic Theory and Research ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Fixed Costs ; Free Trade ; Goods ; Influence ; Inputs ; International Economics & Trade ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Markets ; Markets and Market Access ; Negative Externalition ; Private Sector Development ; Public Sector Development ; Social Protections and Labor ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Asymmetric Information ; Bilateral Trade ; Competition Policy ; Consumer Protection ; Consumers ; Debt Markets ; E-Business ; Economic Theory and Research ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Fixed Costs ; Free Trade ; Goods ; Influence ; Inputs ; International Economics & Trade ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Markets ; Markets and Market Access ; Negative Externalition ; Private Sector Development ; Public Sector Development ; Social Protections and Labor ; Trade Law ; Trade Policy ; Trade and Regional Integration
    Abstract: This study investigates trade effects of the regional liberalization of technical barriers to trade (TBTs) in the form of harmonization and mutual recognition agreements (MRAs) for testing procedures. The theoretical part of the paper is framed in terms of a heterogeneous firms approach. This paper adds to the existing literature by formalizing the effects of MRAs and harmonization initiatives on bilateral trade flows and by applying this new theoretical framework in the empirical part of the paper. The latter consists of a two-stage gravity estimation and investigates sectoral effects of TBT liberalization on parties to the agreement as well as excluded industrial and developing countries. It finds that MRAs have a strong positive influence on both export probabilities and trade volumes for partner countries. Regarding harmonization, results seem to suggest that the impact on parties to the agreement is negligible, however that on excluded OECD countries is large and positive. Third party developing countries do not seem to benefit from the market integration effect brought about by harmonization in other regions. Overall, effects on the probability that a new firm will export are much more pronounced than effects on the trade volumes of incumbent exporters
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  • 35
    Language: English
    Pages: Online-Ressource (1 online resource (39 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Keefer, Philip Beyond Legal Origin And Checks And Balances
    Keywords: Bank Accounts ; Bank Balance Sheets ; Bank Policy ; Checks ; Contract ; Contract Rights ; Credibility ; Debt Markets ; Depositors ; Economic Theory and Research ; Emerging Markets ; Exchange ; Expropriation ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Financial Markets ; Inequality ; Labor Policies ; Law and Development ; Legal Products ; Macroeconomics and Economic Growth ; Political Economy ; Poverty Reduction ; Private Sector Development ; Privatization ; Social Protections and Labor ; Bank Accounts ; Bank Balance Sheets ; Bank Policy ; Checks ; Contract ; Contract Rights ; Credibility ; Debt Markets ; Depositors ; Economic Theory and Research ; Emerging Markets ; Exchange ; Expropriation ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Financial Markets ; Inequality ; Labor Policies ; Law and Development ; Legal Products ; Macroeconomics and Economic Growth ; Political Economy ; Poverty Reduction ; Private Sector Development ; Privatization ; Social Protections and Labor ; Bank Accounts ; Bank Balance Sheets ; Bank Policy ; Checks ; Contract ; Contract Rights ; Credibility ; Debt Markets ; Depositors ; Economic Theory and Research ; Emerging Markets ; Exchange ; Expropriation ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Financial Markets ; Inequality ; Labor Policies ; Law and Development ; Legal Products ; Macroeconomics and Economic Growth ; Political Economy ; Poverty Reduction ; Private Sector Development ; Privatization ; Social Protections and Labor
    Abstract: The existing literature emphasizes and contrasts the role of political checks and balances and legal origin in determining the pace of financial sector development. This paper expands substantially on one aspect of this debate: the fact that government actions that promote financial sector development, whether prudent financial regulation or secure property and contract rights, are public goods and sensitive to political incentives to provide public goods. Tests of hypotheses emanating from this argument yield four new conclusions. First, two key determinants of those incentives-the credibility of pre-electoral political promises and citizen information about politician decisions-systematically promote financial sector development. Second, these political factors, along with political checks and balances, operate in part through their influence on the security of property rights, an argument asserted but not previously tested. Third, contrary to findings elsewhere in the literature, the political determinants of financial sector development are significant even in the presence of controls for legal origin. Finally, and again in contrast to the literature, the evidence here suggests that legal origin primarily proxies for political phenomena. Legal origin is a largely insignificant determinant of financial sector development when those phenomena are fully taken into account
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  • 36
    Language: English
    Pages: Online-Ressource (1 online resource (56 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Scott, David H Strengthening The Governance And Performance of State-Owned Financial Institutions
    Keywords: Banks and Banking Reform ; Corporate Law ; Corporate governance ; Debt Markets ; Disclosure ; Emerging Markets ; Finance and Financial Sector Development ; Financial Institutions ; Financial Systems ; Financial institution ; Financial management ; Governance ; Institutional foundations ; Law and Development ; Legislation ; National Governance ; Presidency ; Private Sector Development ; Public policy ; Banks and Banking Reform ; Corporate Law ; Corporate governance ; Debt Markets ; Disclosure ; Emerging Markets ; Finance and Financial Sector Development ; Financial Institutions ; Financial Systems ; Financial institution ; Financial management ; Governance ; Institutional foundations ; Law and Development ; Legislation ; National Governance ; Presidency ; Private Sector Development ; Public policy ; Banks and Banking Reform ; Corporate Law ; Corporate governance ; Debt Markets ; Disclosure ; Emerging Markets ; Finance and Financial Sector Development ; Financial Institutions ; Financial Systems ; Financial institution ; Financial management ; Governance ; Institutional foundations ; Law and Development ; Legislation ; National Governance ; Presidency ; Private Sector Development ; Public policy
    Abstract: Corporate governance arrangements define the responsibilities, authorities and accountabilities of owners, boards of directors, and executive managers of a company. Good corporate governance is as important for state financial institutions as for private sector companies. Many of the problems that commonly afflict state financial institutions can be associated with, if not attributed directly to, weaknesses in corporate governance. This note draws on guidelines recently published by the OECD and the Basel Committee for Banking Supervision to compile a comprehensive corporate governance evaluation framework relevant to state-owned commercial and development finance institutions. It highlights aspects of this framework that are considered to be of particular importance to state financial institutions by citing innovative practices in a number of countries. Finally, it presents a detailed case study of the governance arrangements in place at the Development Bank of Southern Africa
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  • 37
    Language: English
    Pages: Online-Ressource (1 online resource (37 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Mahul, Olivier Managing Agricultural Risk At The Country Level
    Keywords: Banks and Banking Reform ; Debt Markets ; Excess of loss reinsurance ; Finance and Financial Sector Development ; Hazard Risk Management ; Insurance ; Insurance Law ; Insurance and Risk Mitigation ; Insurance companies ; Insurance industry ; Insurance law ; Insured losses ; Interest rates ; Law and Development ; Private insurance ; Risk assessment ; Risk management ; Urban Development ; Banks and Banking Reform ; Debt Markets ; Excess of loss reinsurance ; Finance and Financial Sector Development ; Hazard Risk Management ; Insurance ; Insurance Law ; Insurance and Risk Mitigation ; Insurance companies ; Insurance industry ; Insurance law ; Insured losses ; Interest rates ; Law and Development ; Private insurance ; Risk assessment ; Risk management ; Urban Development ; Banks and Banking Reform ; Debt Markets ; Excess of loss reinsurance ; Finance and Financial Sector Development ; Hazard Risk Management ; Insurance ; Insurance Law ; Insurance and Risk Mitigation ; Insurance companies ; Insurance industry ; Insurance law ; Insured losses ; Interest rates ; Law and Development ; Private insurance ; Risk assessment ; Risk management ; Urban Development
    Abstract: This paper describes the index-based livestock insurance program in Mongolia designed in the context of a World Bank lending operation with Government of Mongolia and implemented on a pilot basis in 2005. This program involves a combination of self-insurance by herders, market-based insurance, and social insurance. Herders retain small losses, larger losses are transferred to the private insurance industry, and extreme or catastrophic losses are transferred to the government using a public safety net program. A syndicate pooling arrangement protects participating insurance companies against excessive insured losses, with excess of loss reinsurance provided by the government. The fiscal exposure of Government of Mongolia toward the most extreme losses is protected with a contingent credit facility. The insurance program relies on a mortality rate index by species in each local region. The index provides strong incentives to individual herders to continue to manage their herds so as to minimize the impacts of major livestock mortality events; individual herders receive an insurance payout based on the local mortality, irrespective of their individual losses. This project offered the first opportunity to design and implement an agriculture insurance program using a country-wide agricultural risk management approach. During the first sales season, 7 percent of the herders in the three pilot regions purchased the insurance product
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  • 38
    Language: English
    Pages: Online-Ressource (1 online resource (50 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bruno, Valentina G Corporate Governance And Regulation
    Keywords: Capital Markets ; Company Behavior ; Corporate Governance ; Corporate Governance Regime ; Corporate Law ; Debt Markets ; Economic Policy, Institutions and Governance ; Emerging Markets ; Exchange ; External Financing ; Finance and Financial Sector Development ; Financial Markets ; Governance ; Governance ; Governance Indicators ; Governance Measures ; Governance Practice ; Governance and Financial Sector ; Law and Development ; Macroeconomics and Economic Growth ; Microfinance ; National Governance ; Private Sector Development ; Public Sector Development ; Small Sector ; Capital Markets ; Company Behavior ; Corporate Governance ; Corporate Governance Regime ; Corporate Law ; Debt Markets ; Economic Policy, Institutions and Governance ; Emerging Markets ; Exchange ; External Financing ; Finance and Financial Sector Development ; Financial Markets ; Governance ; Governance ; Governance Indicators ; Governance Measures ; Governance Practice ; Governance and Financial Sector ; Law and Development ; Macroeconomics and Economic Growth ; Microfinance ; National Governance ; Private Sector Development ; Public Sector Development ; Small Sector ; Capital Markets ; Company Behavior ; Corporate Governance ; Corporate Governance Regime ; Corporate Law ; Debt Markets ; Economic Policy, Institutions and Governance ; Emerging Markets ; Exchange ; External Financing ; Finance and Financial Sector Development ; Financial Markets ; Governance ; Governance ; Governance Indicators ; Governance Measures ; Governance Practice ; Governance and Financial Sector ; Law and Development ; Macroeconomics and Economic Growth ; Microfinance ; National Governance ; Private Sector Development ; Public Sector Development ; Small Sector
    Abstract: For a large number of companies from different countries, the authors analyze how company corporate governance practices and country regulatory regimes interact in terms of company valuation. They confirm that corporate governance plays a crucial role in efficient company monitoring and shareholder protection, and consequently positively impacts valuation. They find substitution in valuation impact between corporate governance measures at the company and country level, with a possibility of over-regulation. Corporate governance appears more valuable for companies that rely heavily on external financing, consistent with the hypothesis that the main role of corporate governance is to protect external financiers
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  • 39
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (36 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Haddad, Mona Trade Integration In East Asia
    Keywords: Capital ; Costs ; Development ; Economic Growth ; Economic Integration ; Economic Theory and Research ; Emerging Markets ; Exports ; Free Trade ; Goods ; Income ; Increasing Returns ; Increasing Returns To Scale ; Industrialization ; Industry ; Inputs ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Technology Industry ; Trade Law ; Trade Policy ; Capital ; Costs ; Development ; Economic Growth ; Economic Integration ; Economic Theory and Research ; Emerging Markets ; Exports ; Free Trade ; Goods ; Income ; Increasing Returns ; Increasing Returns To Scale ; Industrialization ; Industry ; Inputs ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Technology Industry ; Trade Law ; Trade Policy ; Capital ; Costs ; Development ; Economic Growth ; Economic Integration ; Economic Theory and Research ; Emerging Markets ; Exports ; Free Trade ; Goods ; Income ; Increasing Returns ; Increasing Returns To Scale ; Industrialization ; Industry ; Inputs ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Technology Industry ; Trade Law ; Trade Policy
    Abstract: Production networks have been at the heart of the recent growth in trade among East Asian countries. Fragmentation trade, reflected mainly in the trade in parts and components, is expanding more rapidly than the conventional trade in final goods. This is mainly due to the relatively more favorable policy setting for international production, agglomeration benefits arising from the early entry into this new form of specialization, considerable intercountry wage differentials in the region, lower trade and transport costs, and specialization in products exhibiting increasing returns to scale. The economic integration of China has deepened production fragmentation in East Asia, countering fears of crowding out other countries for international specialization. International production fragmentation in East Asia has intensified intraregional trade but has depended heavily on extraregional trade in final goods. While production networks centered on China have contributed significantly to growth in East Asia, they also breed vulnerabilities. They have not automatically led to technology spillovers and have led to an extreme interdependence across East Asian countries
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  • 40
    Language: English
    Pages: Online-Ressource (1 online resource (41 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Torrado, Monica Parra Export Structure And Growth
    Keywords: Agribusiness and Markets ; Competitiveness ; Devaluation ; Economic Theory and Research ; Economic growth ; Export growth ; Exports ; Externalities ; GDP ; Income ; Industry ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Productivity ; Rural Development ; Social Protections and Labor ; Tax Law ; Value added ; Water Resources ; Water and Industry ; Agribusiness and Markets ; Competitiveness ; Devaluation ; Economic Theory and Research ; Economic growth ; Export growth ; Exports ; Externalities ; GDP ; Income ; Industry ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Productivity ; Rural Development ; Social Protections and Labor ; Tax Law ; Value added ; Water Resources ; Water and Industry ; Agribusiness and Markets ; Competitiveness ; Devaluation ; Economic Theory and Research ; Economic growth ; Export growth ; Exports ; Externalities ; GDP ; Income ; Industry ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Productivity ; Rural Development ; Social Protections and Labor ; Tax Law ; Value added ; Water Resources ; Water and Industry
    Abstract: This paper examines recent changes in the structure of Argentine exports and the implications for future growth. The authors find that the current export structure of Argentina is not conducive to future growth because it is dominated by low-productivity goods that tend to be exported by low-income countries. The productivity content of Argentine exports has increased recently although, as of 2004, these changes have been relatively minor. The authors identify products with characteristics similar to those currently exported by Argentina and which are more likely to foster growth because they would shift the structure of exports more the efficiency frontier. Those products include chemicals and primary products with some degree of value added, including partly processed meat, fish and grains. If economic growth is to be fostered by developing new export products and by increasing the value added of existing exports, there will be a need for sector-specific analysis to address possible market failures. The analysis should focus on issues such as the provision of public goods needed for production (including infrastructure, but also complex intangibles such as sector-specific legislation), possible impediments to effective coordination, sector-specific and economy wide externalities, or barriers to information. This last source of potential market failure is critical to a successful policy framework for exports and growth
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  • 41
    Language: English
    Pages: Online-Ressource (1 online resource (43 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Kaplan, David S Entry Regulation And Business Start-Ups
    Keywords: Corporate Law ; Equality ; Estate ; Individuals ; Law and Development ; Limited ; Microfinance ; Municipalities ; Municipality ; Political party ; Proprietary ; Proxy ; Public Sector Management and Reform ; Subnational Governance ; Union ; Urban Development ; Urban Governance and Management ; Corporate Law ; Equality ; Estate ; Individuals ; Law and Development ; Limited ; Microfinance ; Municipalities ; Municipality ; Political party ; Proprietary ; Proxy ; Public Sector Management and Reform ; Subnational Governance ; Union ; Urban Development ; Urban Governance and Management ; Corporate Law ; Equality ; Estate ; Individuals ; Law and Development ; Limited ; Microfinance ; Municipalities ; Municipality ; Political party ; Proprietary ; Proxy ; Public Sector Management and Reform ; Subnational Governance ; Union ; Urban Development ; Urban Governance and Management
    Abstract: The authors estimate the effect on business start-ups of a program that significantly speeds up firm registration procedures. The program was implemented in Mexico in different municipalities at different dates. Authors estimates suggest that new start-ups increased by about 4 percent in eligible industries, and the authors present evidence that this is a causal effect. Most of the effect is temporary, concentrated in the first 10 months after implementation. The effect is robust to several specifications of the benchmark control group time trends. The authors find that the program was more effective in municipalities with less corruption and cheaper additional procedures
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  • 42
    Language: English
    Pages: Online-Ressource (1 online resource (29 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Hoekman, Bernard Canada-Wheat
    Keywords: Access to Markets ; Domestic market ; Dumping ; Economic Theory and Research ; Emerging Markets ; Export markets ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market access ; Market price ; Marketing ; Marketing boards ; Markets and Market Access ; Price discrimination ; Private Sector Development ; Sale ; Sales ; Trade Law ; Access to Markets ; Domestic market ; Dumping ; Economic Theory and Research ; Emerging Markets ; Export markets ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market access ; Market price ; Marketing ; Marketing boards ; Markets and Market Access ; Price discrimination ; Private Sector Development ; Sale ; Sales ; Trade Law ; Access to Markets ; Domestic market ; Dumping ; Economic Theory and Research ; Emerging Markets ; Export markets ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market access ; Market price ; Marketing ; Marketing boards ; Markets and Market Access ; Price discrimination ; Private Sector Development ; Sale ; Sales ; Trade Law
    Abstract: Statutory marketing boards that have exclusive authority to purchase domestic production, sell for export, and set purchase and sales prices of commodities are a type of state trading enterprise that is subject to World Trade Organization disciplines. This paper assesses a recent dispute brought by the United States against Canada, alleging that WTO rules require state trading enterprises to operate solely in accordance with commercial considerations and that the Canadian government did not require the Canadian Wheat Board to do so. The panel and Appellate Body found that the primary discipline of the WTO regarding state trading enterprises was nondiscrimination, and that operating on the basis of "commercial considerations" was not an independent obligation. Instead, WTO disciplines regarding the pricing behavior of state trading enterprises use a "commercial considerations" test as a possible indicator of discrimination. Although a significant degree of price discrimination is observed in the case of Canadian wheat exports, there are economic arguments why this might also be pursued by a private, profit maximizing firm
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  • 43
    Language: English
    Pages: Online-Ressource (1 online resource (50 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: North, Douglass C Limited Access Orders in the Developing World
    Keywords: Collective ; Corporate Law ; Corporations ; Disability ; E-Business ; Individuals ; Institutional structures ; Labor Policies ; Law and Development ; Limited ; Monopoly ; Political parties ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Social Protections and Labor ; Societies ; Society ; Union ; Collective ; Corporate Law ; Corporations ; Disability ; E-Business ; Individuals ; Institutional structures ; Labor Policies ; Law and Development ; Limited ; Monopoly ; Political parties ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Social Protections and Labor ; Societies ; Society ; Union ; Collective ; Corporate Law ; Corporations ; Disability ; E-Business ; Individuals ; Institutional structures ; Labor Policies ; Law and Development ; Limited ; Monopoly ; Political parties ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Social Protections and Labor ; Societies ; Society ; Union
    Abstract: The upper-income, advanced industrial countries of the world today all have market economies with open competition, competitive multi-party democratic political systems, and a secure government monopoly over violence. Such open access orders, however, are not the only norm and equilibrium type of society. The middle and low-income developing countries today, like all countries before about 1800, can be understood as limited access orders that maintain their equilibrium in a fundamentally different way. In limited access orders, the state does not have a secure monopoly on violence, and society organizes itself to control violence among the elite factions. A common feature of limited access orders is that political elites divide up control of the economy, each getting some share of the rents. Since outbreaks of violence reduce the rents, the elite factions have incentives to be peaceable most of the time. Adequate stability of the rents and thus of the social order requires limiting access and competition-hence a social order with a fundamentally different logic than the open access order. This paper lays out such a framework and explores some of its implications for the problems of development today
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  • 44
    Language: English
    Pages: Online-Ressource (1 online resource (57 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Morrison, Andrew Gender Equality, Poverty And Economic Growth
    Keywords: Communities & Human Settlements ; Empowerment ; Female ; Gender ; Gender ; Gender Equality ; Gender and Development ; Gender and Health ; Gender and Law ; Gender inequalities ; Health, Nutrition and Population ; Housing and Human Habitats ; Husband ; Law and Development ; Pension ; Rural Development Knowledge and Information Systems ; Wife ; Will ; Woman ; Communities & Human Settlements ; Empowerment ; Female ; Gender ; Gender ; Gender Equality ; Gender and Development ; Gender and Health ; Gender and Law ; Gender inequalities ; Health, Nutrition and Population ; Housing and Human Habitats ; Husband ; Law and Development ; Pension ; Rural Development Knowledge and Information Systems ; Wife ; Will ; Woman ; Communities & Human Settlements ; Empowerment ; Female ; Gender ; Gender ; Gender Equality ; Gender and Development ; Gender and Health ; Gender and Law ; Gender inequalities ; Health, Nutrition and Population ; Housing and Human Habitats ; Husband ; Law and Development ; Pension ; Rural Development Knowledge and Information Systems ; Wife ; Will ; Woman
    Abstract: This paper reviews empirical findings from economic analyses of the role of gender equality and women's empowerment in reducing poverty and stimulating growth. Going beyond the large literature documenting the impact of female education on a range of development outcomes, the paper presents evidence on the impact of women's access to markets (labor, land, and credit) and women's decision-making power within households on poverty reduction and productivity at the individual and household level. The paper also summarizes evidence from studies examining the relationship between gender equality and poverty reduction and growth at the macro level. Although micro level effects of gender equality on individual productivity and human development outcomes have been well documented and have important ramifications for aggregate economic performance, establishing an empirical relationship between gender equality and poverty reduction and growth at the macro level has proven to be more challenging. The paper concludes by identifying priority areas for future research
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  • 45
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (27 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Francois, Joseph Market Structure And Market Access
    Keywords: Access to Markets ; Competition ; Currencies and Exchange Rates ; Debt Markets ; Distribution ; Domestic Market ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Free Trade ; International Economics & Trade ; International Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market ; Market Access ; Market Power ; Market Structure ; Markets ; Markets and Market Access ; Monopoly ; Price ; Prices ; Private Sector Development ; Public Sector Development ; Retail ; Trade Law ; Trade Policy ; Access to Markets ; Competition ; Currencies and Exchange Rates ; Debt Markets ; Distribution ; Domestic Market ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Free Trade ; International Economics & Trade ; International Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market ; Market Access ; Market Power ; Market Structure ; Markets ; Markets and Market Access ; Monopoly ; Price ; Prices ; Private Sector Development ; Public Sector Development ; Retail ; Trade Law ; Trade Policy ; Access to Markets ; Competition ; Currencies and Exchange Rates ; Debt Markets ; Distribution ; Domestic Market ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Free Trade ; International Economics & Trade ; International Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market ; Market Access ; Market Power ; Market Structure ; Markets ; Markets and Market Access ; Monopoly ; Price ; Prices ; Private Sector Development ; Public Sector Development ; Retail ; Trade Law ; Trade Policy
    Abstract: The authors examine an issue at the nexus of domestic competition policy and international trade, the interaction between goods trade and market power in domestic trade and distribution sectors. Theory suggests a set of linkages between service-sector competition and goods trade supported by econometrics involving imports of 22 OECD countries compared with 69 exporters. Competition in services affects the volume of goods trade. Additionally, because of interaction between tariffs and competition, the market structure of the domestic service sector becomes increasingly important as tariffs are reduced. Empirically service competition apparently matters most for exporters in smaller, poorer countries. The results also suggest that while negotiated agreements leading to cross-border services liberalization may boost goods trade as well, they may also lead to a fall in goods trade when such liberalization involves foreign direct investment leading to increased service sector concentration
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  • 46
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Francisco, Manuela Identifying Supply-Side Constraints To Export Performance In Ecuador
    Keywords: Business Environment ; Competitors ; Currency ; Debt Markets ; Dominant Firms ; E-Business ; Economic Theory and Research ; Emerging Markets ; Employment ; Enterprises ; Entrepreneurs ; Expansion ; Finance and Financial Sector Development ; Firm ; Firm Size ; Firms ; Foreign Direct Investment ; Foreign Market ; Free Trade ; Infrastructure Economics and Finance ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Microfinance ; Private Participation in Infrastructure ; Private Sector Development ; Small Scale Enterprises ; Trade Law ; Business Environment ; Competitors ; Currency ; Debt Markets ; Dominant Firms ; E-Business ; Economic Theory and Research ; Emerging Markets ; Employment ; Enterprises ; Entrepreneurs ; Expansion ; Finance and Financial Sector Development ; Firm ; Firm Size ; Firms ; Foreign Direct Investment ; Foreign Market ; Free Trade ; Infrastructure Economics and Finance ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Microfinance ; Private Participation in Infrastructure ; Private Sector Development ; Small Scale Enterprises ; Trade Law ; Business Environment ; Competitors ; Currency ; Debt Markets ; Dominant Firms ; E-Business ; Economic Theory and Research ; Emerging Markets ; Employment ; Enterprises ; Entrepreneurs ; Expansion ; Finance and Financial Sector Development ; Firm ; Firm Size ; Firms ; Foreign Direct Investment ; Foreign Market ; Free Trade ; Infrastructure Economics and Finance ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Microfinance ; Private Participation in Infrastructure ; Private Sector Development ; Small Scale Enterprises ; Trade Law
    Abstract: The authors apply a Heckman selection model to the 2003 Investment Climate Survey (ICS) to investigate supply-side constraints to export performance at the firm level in Ecuador. To correct for the non-random truncation problems, they use the Heckman selection model to estimate the probability of exporting (export propensity) and the share of total sales that are exported (export intensity) by Ecuadorian firms. They develop a baseline model with 12 independent variables divided into three categories-idiosyncratic characteristics, technology, and business environment. The authors develop three other models with the addition of variables related to trade integration, business environment, and infrastructure. Results corroborate with the hypothesis implicit in the Heckman model, which considers both decisions made by a firm-whether to export, and how much of its sales to export-to be interdependent. In the Ecuadorian case, they find three important results for the firm's export performance: technology matters; infrastructure does not; and trade orientation is significant, with specialized firms tending to have smaller export intensity when their main trade partners are countries of the Andean Community, and the opposite happening if the United States is their main trade partner. The authors find a robust and stable relationship for export propensity and intensity with size, import of inputs, labor regulations, in-house research and development, quality certification, web-use, and foreign ownership. Also, capacity utilization and trade with the United States positively affect export intensity, while trade within the Andean Community has the opposite effect in the outcome variable. But they find no significant relationship for the infrastructure variables
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  • 47
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (110 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Abramson, Bruce India's Journey Toward An Effective Patent
    Keywords: Competitiveness ; E-Business ; Foreign direct investment ; Industry ; Innovation ; Intellectual Property ; Intellectual property rights ; Knowledge Economy ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Medium enterprises ; Private Sector ; Private Sector Development ; Private Sector Development ; Real and Intellectual Property Law ; Social Protections and Labor ; Technology Industry ; Technology transfer ; World Trade ; Competitiveness ; E-Business ; Foreign direct investment ; Industry ; Innovation ; Intellectual Property ; Intellectual property rights ; Knowledge Economy ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Medium enterprises ; Private Sector ; Private Sector Development ; Private Sector Development ; Real and Intellectual Property Law ; Social Protections and Labor ; Technology Industry ; Technology transfer ; World Trade ; Competitiveness ; E-Business ; Foreign direct investment ; Industry ; Innovation ; Intellectual Property ; Intellectual property rights ; Knowledge Economy ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Medium enterprises ; Private Sector ; Private Sector Development ; Private Sector Development ; Real and Intellectual Property Law ; Social Protections and Labor ; Technology Industry ; Technology transfer ; World Trade
    Abstract: The decade following India's accession to the World Trade Organization's Trade-Related Aspects of Intellectual Property ushered in numerous changes to the country's patent system, culminating in a series of amendments in 2005. But a functioning patent system is more than a statute. This paper discusses the steps that India must still take to develop an effective, functioning patent system capable of attracting foreign direct investment, motivating domestic innovation and education, and filtering its benefits to all elements of Indian society, including the poor and the possessors of traditional knowledge. The analysis combines data studies of historical and recent patenting activity in India and by Indians, interviews with Indian government officials, intellectual property attorneys, industrialists, and researchers, and lessons gleaned from patent systems abroad. It identifies critical needs and concrete steps to meet them. Improving public awareness of the revenue-generating potential of patents will enhance incentives for the participation of individuals and small and medium enterprises in the patent system. Formalizing guidelines for patents derived through government research funds-coupled with needed changes in institutional governance-will enhance prospects for technology transfer from laboratories to commercial markets. Compensation schemes for traditional knowledge will extend the benefits of intellectual property rights to the poorest members of society. This paper's recommendations would help India achieve both a fully functioning patent system and a mechanism for ensuring that poor people living traditional lifestyles receive their share of the social gains that a working innovation system can confer
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  • 48
    Language: English
    Pages: Online-Ressource (1 online resource (39 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Hoekman, Bernard European Community--Sugar
    Keywords: Agribusiness and Markets ; Agriculture ; Consumers ; Cost functions ; Cross subsidization ; Economic Theory and Research ; Exports ; Food and Beverage Industry ; Industry ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Net exports ; Rural Development ; Subsidization ; Tax Law ; Trade Law ; Uruguay Round ; WTO ; World Trade Organization ; Agribusiness and Markets ; Agriculture ; Consumers ; Cost functions ; Cross subsidization ; Economic Theory and Research ; Exports ; Food and Beverage Industry ; Industry ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Net exports ; Rural Development ; Subsidization ; Tax Law ; Trade Law ; Uruguay Round ; WTO ; World Trade Organization ; Agribusiness and Markets ; Agriculture ; Consumers ; Cost functions ; Cross subsidization ; Economic Theory and Research ; Exports ; Food and Beverage Industry ; Industry ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Net exports ; Rural Development ; Subsidization ; Tax Law ; Trade Law ; Uruguay Round ; WTO ; World Trade Organization
    Abstract: An important recent World Trade Organization dispute settlement case for many developing countries concerned European Union exports of sugar. Brazil, Thailand, and Australia alleged that the exports have substantially exceeded permitted levels as established by European Union commitments in the WTO. This case had major implications for both European Union sugar producers and developing countries that benefited from preferential access to the European Union market. It was also noteworthy in the use of economic arguments by the WTO dispute settlement panel, which held that the excess sugar exports were in part a reflection of illegal de facto cross-subsidization-rents from production that benefited from high support prices being used to cover losses associated with exports of sugar to the world market. Although in principle the economic arguments of the panel could apply to many other policy areas, in practice WTO provisions greatly limit the scope to bring similar arguments for trade in products that are not subject to explicit export subsidy reduction commitments of the type that were made for sugar and other agricultural commodities
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  • 49
    Language: English
    Pages: Online-Ressource (1 online resource (50 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Stephanou, Constantinos Financial Services And Trade Agreements In Latin America And The Caribbean
    Keywords: Banks and Banking Reform ; Barriers ; Debt Markets ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Financial Institutions ; Financial Integration ; Financial Literacy ; Financial Market ; Financial Services ; Financial System ; Financial Systems ; Foreign Bank ; Free Trad ; Free Trade ; International Economics & Trade ; Law and Development ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Trade Law ; Trade and Regional Integration ; Trade and Services ; Banks and Banking Reform ; Barriers ; Debt Markets ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Financial Institutions ; Financial Integration ; Financial Literacy ; Financial Market ; Financial Services ; Financial System ; Financial Systems ; Foreign Bank ; Free Trad ; Free Trade ; International Economics & Trade ; Law and Development ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Trade Law ; Trade and Regional Integration ; Trade and Services ; Banks and Banking Reform ; Barriers ; Debt Markets ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Financial Institutions ; Financial Integration ; Financial Literacy ; Financial Market ; Financial Services ; Financial System ; Financial Systems ; Foreign Bank ; Free Trad ; Free Trade ; International Economics & Trade ; Law and Development ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Trade Law ; Trade and Regional Integration ; Trade and Services
    Abstract: The authors review the international framework governing trade in financial services, describe the treatment of financial services in recent trade agreements involving Latin America and Caribbean countries, and analyze the liberalization commitments made in three selected country case studies-Chile, Colombia, and Costa Rica. They give emphasis to free trade agreements because of the generally deeper level of liberalization and rule-making achieved to-date. The authors discuss some of the causes and potential implications of their findings
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  • 50
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Francois, Joseph Institutions, Infrastructure, And Trade
    Keywords: Air ; Air Transport ; Common Carriers Industry ; Driving ; Economic Theory and Research ; Emerging Markets ; Free Trade ; Freight ; Industry ; Infrastructure ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Policies ; Private Sector Development ; Property Rights ; Public Sector Development ; Roads ; Tax ; Taxes ; Trade Law ; Trade Policy ; Training ; Trains ; Transp ; Transparency ; Transport ; Transport ; Transport Economics, Policy and Planning ; Transport and Trade Logistics ; Air ; Air Transport ; Common Carriers Industry ; Driving ; Economic Theory and Research ; Emerging Markets ; Free Trade ; Freight ; Industry ; Infrastructure ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Policies ; Private Sector Development ; Property Rights ; Public Sector Development ; Roads ; Tax ; Taxes ; Trade Law ; Trade Policy ; Training ; Trains ; Transp ; Transparency ; Transport ; Transport ; Transport Economics, Policy and Planning ; Transport and Trade Logistics ; Air ; Air Transport ; Common Carriers Industry ; Driving ; Economic Theory and Research ; Emerging Markets ; Free Trade ; Freight ; Industry ; Infrastructure ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Policies ; Private Sector Development ; Property Rights ; Public Sector Development ; Roads ; Tax ; Taxes ; Trade Law ; Trade Policy ; Training ; Trains ; Transp ; Transparency ; Transport ; Transport ; Transport Economics, Policy and Planning ; Transport and Trade Logistics
    Abstract: The authors examine the influence of infrastructure, institutional quality, colonial and geographic context, and trade preferences on the pattern of bilateral trade. They are interested in threshold effects, and so emphasize those cases where bilateral country pairs do not actually trade. The authors depart from the institutions and infrastructure literature in this respect, using selection-based gravity modeling of trade flows. They also depart from this literature by mixing principal components (to condense the institutional and infrastructure measures) with a focus on deviations in the resulting indexes from expected values for given income cohorts to control for multicollinearity. The authors work with a panel of 284,049 bilateral trade flows from 1988 to 2002. Matching bilateral trade and tariff data and controlling for tariff preferences, level of development, and standard distance measures, they find that infrastructure and institutional quality are significant determinants not only of export levels, but also of the likelihood exports will take place at all. Their results support the notion that export performance, and the propensity to take part in the trading system at all, depends on institutional quality and access to well-developed transport and communications infrastructure. Indeed, this dependence is far more important, empirically, than variations in tariffs in explaining sample variations in North-South trade
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  • 51
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ostby, Gudrun Horizontal Inequalities, Political Environment, And Civil Conflict
    Keywords: Armed Conflict ; Boundary ; Civil War ; Civil Wars ; Conflict ; Conflict and Development ; Conflicts ; Constraints ; Criminality ; Education ; Education and Society ; Elections ; Exploitation ; Gender ; Genocide ; Governance ; Health, Nutrition and Population ; Human Security ; Independence ; Industry ; Law and Development ; Parliamentary Government ; Population Policies ; Post Conflict Reconstruction ; Post Conflict Reintegration ; Poverty Reduction ; Services and Transfers to Poor ; Social Conflict and Violence ; Social Development ; Armed Conflict ; Boundary ; Civil War ; Civil Wars ; Conflict ; Conflict and Development ; Conflicts ; Constraints ; Criminality ; Education ; Education and Society ; Elections ; Exploitation ; Gender ; Genocide ; Governance ; Health, Nutrition and Population ; Human Security ; Independence ; Industry ; Law and Development ; Parliamentary Government ; Population Policies ; Post Conflict Reconstruction ; Post Conflict Reintegration ; Poverty Reduction ; Services and Transfers to Poor ; Social Conflict and Violence ; Social Development ; Armed Conflict ; Boundary ; Civil War ; Civil Wars ; Conflict ; Conflict and Development ; Conflicts ; Constraints ; Criminality ; Education ; Education and Society ; Elections ; Exploitation ; Gender ; Genocide ; Governance ; Health, Nutrition and Population ; Human Security ; Independence ; Industry ; Law and Development ; Parliamentary Government ; Population Policies ; Post Conflict Reconstruction ; Post Conflict Reintegration ; Poverty Reduction ; Services and Transfers to Poor ; Social Conflict and Violence ; Social Development
    Abstract: Several studies of civil war have concluded that economic inequality between individuals does not increase the risk of internal armed conflict. This is perhaps not so surprising. Even though an individual may feel frustrated if he is poor compared with other individuals in society, he will not start a rebellion on his own. Civil wars are organized group conflicts, not a matter of individuals randomly committing violence against each other. Hence, we should not neglect the group aspect of human well-being and conflict. Systematic inequalities that coincide with ethnic, religious, or geographical cleavages in a country are often referred to as horizontal inequalities (or inter-group inequalities). Case studies of particular countries as well as some statistical studies have found that such inequalities between identity groups tend to be associated with a higher risk of internal conflict. But the emergence of violent group mobilization in a country with sharp horizontal inequalities may depend on the characteristics of the political regime. For example, in an autocracy, grievances that stem from group inequalities are likely to be large and frequent, but state repression may prevent them from being openly expressed. This paper investigates the relationship between horizontal inequalities, political environment, and civil war in developing countries. Based on national survey data from 55 countries it calculates welfare inequalities between ethnic, religious, and regional groups for each country using indicators such as household assets and educational levels. All the inequality measures, particularly regional inequality, are positively associated with higher risks of conflict outbreak. And it seems that the conflict potential of regional inequality is stronger for pure democratic and intermediate regimes than for pure autocratic regimes. Institutional arrangements also seem to matter. In fact it seems that the conflict potential of horizontal inequalities increases with more inclusive electoral systems. Finally, the presence of both regional inequalities and political exclusion of minority groups seems to make countries particularly at risk for conflict. The main policy implication of these findings is that the combination of politically and economically inclusive government is required to secure peace in developing countries
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  • 52
    Language: English
    Pages: Online-Ressource (1 online resource (40 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Kaplan, David S Litigation And Settlement
    Keywords: Arbitration ; Bankruptcy and Resolution of Financial Distress ; Claim ; Finance and Financial Sector Development ; Information Security and Privacy ; Judgments ; Labor Courts ; Labor Markets ; Law Enforcement Systems ; Law and Development ; Legal Environment ; Multiple Claimants ; Private Law ; Private Parties ; Public Disclosure ; Settlement ; Settlements ; Social Protections and Labor ; Arbitration ; Bankruptcy and Resolution of Financial Distress ; Claim ; Finance and Financial Sector Development ; Information Security and Privacy ; Judgments ; Labor Courts ; Labor Markets ; Law Enforcement Systems ; Law and Development ; Legal Environment ; Multiple Claimants ; Private Law ; Private Parties ; Public Disclosure ; Settlement ; Settlements ; Social Protections and Labor ; Arbitration ; Bankruptcy and Resolution of Financial Distress ; Claim ; Finance and Financial Sector Development ; Information Security and Privacy ; Judgments ; Labor Courts ; Labor Markets ; Law Enforcement Systems ; Law and Development ; Legal Environment ; Multiple Claimants ; Private Law ; Private Parties ; Public Disclosure ; Settlement ; Settlements ; Social Protections and Labor
    Abstract: Using a newly assembled data set on procedures filed in Mexican labor tribunals, the authors of this paper study the determinants of final awards to workers. On average, workers recover less than 30 percent of their claim. The strongest result is that workers receive higher percentages of their claims in settlements than in trial judgments. It is also found that cases with multiple claimants against a single firm are less likely to be settled, which partially explains why workers involved in these procedures receive lower percentages of their claims. Finally, the authors find evidence that a worker who exaggerates his or her claim is less likely to settle
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  • 53
    Language: English
    Pages: Online-Ressource (1 online resource (45 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: De la Cruz, Javier Financial System Structure In Colombia
    Keywords: Bank Policy ; Banks and Banking Reform ; Collective Investment ; Conflicts of Interest ; Corporate Law ; Credit Institutions ; Debt Markets ; Depos Exchange ; Emerging Markets ; Finance and Financial Sector Development ; Financial Institutions ; Financial Intermediation ; Financial Literacy ; Financial Performance ; Financial Structure ; Financial System ; Investment and Investment Climate ; Law and Development ; Macroeconomics and Economic Growth ; Non-Bank Financial Institutions ; Private Sector Development ; Bank Policy ; Banks and Banking Reform ; Collective Investment ; Conflicts of Interest ; Corporate Law ; Credit Institutions ; Debt Markets ; Depos Exchange ; Emerging Markets ; Finance and Financial Sector Development ; Financial Institutions ; Financial Intermediation ; Financial Literacy ; Financial Performance ; Financial Structure ; Financial System ; Investment and Investment Climate ; Law and Development ; Macroeconomics and Economic Growth ; Non-Bank Financial Institutions ; Private Sector Development ; Bank Policy ; Banks and Banking Reform ; Collective Investment ; Conflicts of Interest ; Corporate Law ; Credit Institutions ; Debt Markets ; Depos Exchange ; Emerging Markets ; Finance and Financial Sector Development ; Financial Institutions ; Financial Intermediation ; Financial Literacy ; Financial Performance ; Financial Structure ; Financial System ; Investment and Investment Climate ; Law and Development ; Macroeconomics and Economic Growth ; Non-Bank Financial Institutions ; Private Sector Development
    Abstract: The objective of this policy paper is to identify and propose high-level legal and regulatory reforms to Colombia's financial system structure that would enhance efficiency and/or mitigate risks. Five specific and four general reforms are proposed and evaluated based on their compatibility with the aforementioned objectives, ease of implementation, impact, and consistency with international practice. Potential implications for supervision and competition, as well as likely criteria for developing a carefully sequenced reform roadmap, are also highlighted
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  • 54
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bown, Chad P The World Trade Organization And Antidumping In Developing Countries
    Keywords: Access ; Antidumping ; Antidumping Database ; Antidumping Measures ; Antidumping Policy ; Currencies and Exchange Rates ; Domestic Industries ; Economic Theory and Research ; Economic Welfare ; Exporters ; Finance and Financial Sector Development ; Free Trade ; Globalization and Financial Integration ; Import Competition ; Import Penetration ; Industrial Management ; Industry ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Public Sector Development ; Trade Law ; Trade Policy ; Water Resources ; Water and Industry ; Access ; Antidumping ; Antidumping Database ; Antidumping Measures ; Antidumping Policy ; Currencies and Exchange Rates ; Domestic Industries ; Economic Theory and Research ; Economic Welfare ; Exporters ; Finance and Financial Sector Development ; Free Trade ; Globalization and Financial Integration ; Import Competition ; Import Penetration ; Industrial Management ; Industry ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Public Sector Development ; Trade Law ; Trade Policy ; Water Resources ; Water and Industry ; Access ; Antidumping ; Antidumping Database ; Antidumping Measures ; Antidumping Policy ; Currencies and Exchange Rates ; Domestic Industries ; Economic Theory and Research ; Economic Welfare ; Exporters ; Finance and Financial Sector Development ; Free Trade ; Globalization and Financial Integration ; Import Competition ; Import Penetration ; Industrial Management ; Industry ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Public Sector Development ; Trade Law ; Trade Policy ; Water Resources ; Water and Industry
    Abstract: Since the 1995 inception of the World Trade Organization (WTO), developing countries have become some of the most frequent users of the WTO-sanctioned antidumping trade policy instrument. This paper exploits newly available data to examine the pattern of actual industrial use of antidumping in nine of the major "new user" developing countries - Argentina, Brazil, Colombia, India, Indonesia, Mexico, Peru, Turkey and Venezuela. For these countries we are able to match data from two newly available sources: data on production in 28 different 3-digit ISIC industries from the Trade, Production and Protection Database to data on antidumping investigations, outcomes and imports at the 6-digit Harmonized System (HS) product level from the Global Antidumping Database. Our econometric analysis is to estimate a two-stage model of the industry-level decision to pursue an antidumping investigation and the national government's decision of whether and how much antidumping import protection to provide. First, we find evidence consistent with the theory of endogenous trade policy: larger industries that face substantial import competition are more likely to pursue an antidumping investigation, and larger and more concentrated industries receive greater antidumping protection from imports. Second, we find that industries that use antidumping are more likely to face the changing economic conditions specified by the technical evidentiary criteria of the WTO Antidumping Agreement: industries that face rapidly falling import prices are more likely to pursue an investigation, and industries that are more susceptible to cyclical dumping due to greater capital investment expenditures and that face rapidly increasing competition from imports receive greater antidumping protection
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  • 55
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Financial Sector Assessment Program
    Keywords: Banking Law ; Finance and Financial Sector Development ; Financial Regulation and Supervision ; Law and Development ; Legal Framework
    Abstract: This detailed assessment of observance with the basel core principles for effective banking supervision is the first external comprehensive assessment of the system of banking supervision in Belarus. The assessment of observance of each of the core principles follows a qualitative approach and is based on the core principles methodology document (October 1999). The assessment method consisted of examining the degree of observance of each of a principle's essential criteria and, where the assessors judged necessary, of the additional criteria. The assessment included a review of the relevant, legally non-binding instruments of the National Bank of the Republic of Belarus (NBRB) under the form of recommendations, the internal provisions of the NBRB, the licensing documents and the bank examination reports prepared by the NBRB, annual reports, the NBRB website, and other relevant material. The assessment is also based on the self-assessment prepared by the NBRB and discussions with staff in the banking supervision area, and with banks
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  • 56
    Language: English
    Pages: Online-Ressource (1 online resource (31 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Cadot, Olivier Rules of Origin For Preferential Trading Arrangements
    Keywords: Agricultural Products ; Economic Theory and Research ; External Tariff ; Free Trade ; Free Trade ; Free Trade Area ; Free Trade Areas ; International Economics & Trade ; International Trade and Trade Rules ; Law and Development ; Macroeconomics and Economic Growth ; Preferential Market Access ; Preferential Trade ; Preferential Trade Agreements ; Protectionist Pressures ; Public Sector Development ; Rules of Origin ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Agricultural Products ; Economic Theory and Research ; External Tariff ; Free Trade ; Free Trade ; Free Trade Area ; Free Trade Areas ; International Economics & Trade ; International Trade and Trade Rules ; Law and Development ; Macroeconomics and Economic Growth ; Preferential Market Access ; Preferential Trade ; Preferential Trade Agreements ; Protectionist Pressures ; Public Sector Development ; Rules of Origin ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Agricultural Products ; Economic Theory and Research ; External Tariff ; Free Trade ; Free Trade ; Free Trade Area ; Free Trade Areas ; International Economics & Trade ; International Trade and Trade Rules ; Law and Development ; Macroeconomics and Economic Growth ; Preferential Market Access ; Preferential Trade ; Preferential Trade Agreements ; Protectionist Pressures ; Public Sector Development ; Rules of Origin ; Trade Law ; Trade Policy ; Trade and Regional Integration
    Abstract: With free trade areas (FTAs) under negotiation between Japan and the ASEAN Free Trade Area (AFTA) members and between the Republic of Korea and AFTA members, preferential market access will become more important in Asian regionalism. Protectionist pressures will likely increase through rules of origin, the natural outlet for these pressures. Based on the experience of the European Union and the United States with rules of origin, the authors argue that, should these FTAs follow in the footsteps of the EU and the U.S. and adopt similar rules of origin, trading partners in the region would incur unnecessary costs. Using EU trade under the Generalized System of Preferences with Africa, Caribbean, and Pacific partners, the authors estimate how the use of preferences would likely change if AFTA were to veer away from its current uniform rules of origin requiring a 40 percent local content rate. Depending on the sample used, a 10 percentage point reduction in the local value content requirement is estimated to increase the utilization rate of preferences by between 2.5 and 8.2 percentage points
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  • 57
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (90 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Medvedev, Denis Preferential Trade Agreements And Their Role In World Trade
    Keywords: Bilateral Trade ; Economic Theory and Research ; Emerging Markets ; Free Trade ; Free Trade ; Free Trade Area ; Global Trade ; Gravity Equation ; Gravity Estimates ; Gravity Framework ; Gravity Model ; Gravity Models ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Preferential Trade ; Preferential Trade ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade and Services ; Bilateral Trade ; Economic Theory and Research ; Emerging Markets ; Free Trade ; Free Trade ; Free Trade Area ; Global Trade ; Gravity Equation ; Gravity Estimates ; Gravity Framework ; Gravity Model ; Gravity Models ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Preferential Trade ; Preferential Trade ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade and Services ; Bilateral Trade ; Economic Theory and Research ; Emerging Markets ; Free Trade ; Free Trade ; Free Trade Area ; Global Trade ; Gravity Equation ; Gravity Estimates ; Gravity Framework ; Gravity Model ; Gravity Models ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Preferential Trade ; Preferential Trade ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade and Services
    Abstract: The author investigates the effects of preferential trade agreements (PTAs) on bilateral trade flows using a comprehensive database of PTAs in force and a detailed matrix of world trade. He shows that total trade between PTA partners is a poor proxy for preferential trade (trade in tariff lines where preferences are likely to matter): while the former amounted to one-third of global trade in 2000-02, the latter was between one-sixth and one-tenth of world trade. His gravity model estimates indicate that using total rather than preferential trade to assess the impact of PTAs leads to a significant downward bias in the PTA coefficient. The author finds that product exclusions and long phase-in periods significantly limit preferential trade, and their removal could more than double trade in tariff lines above 3 percent of most-favored-nation (MFN) duties. He also shows that the effects of PTAs on trade vary by type of agreement and are increasing in the incomes of PTA partners
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  • 58
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Grais, Wafik Corporate Governance And Shariah Compliance In Institutions Offering Islamic Financial Services
    Keywords: Accounting ; Auditing ; Bank ; Banking ; Banking Supervision ; Banks ; Banks and Banking Reform ; Capital Markets ; Corporate Law ; Debt Markets ; E-Business ; Emerging Markets ; Energy ; External Auditors ; Finance ; Finance and Financial Sector Development ; Financial Institutions ; Financial Literacy ; Financial Markets ; Financial Service ; Islamic Finance ; Law and Development ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Accounting ; Auditing ; Bank ; Banking ; Banking Supervision ; Banks ; Banks and Banking Reform ; Capital Markets ; Corporate Law ; Debt Markets ; E-Business ; Emerging Markets ; Energy ; External Auditors ; Finance ; Finance and Financial Sector Development ; Financial Institutions ; Financial Literacy ; Financial Markets ; Financial Service ; Islamic Finance ; Law and Development ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Accounting ; Auditing ; Bank ; Banking ; Banking Supervision ; Banks ; Banks and Banking Reform ; Capital Markets ; Corporate Law ; Debt Markets ; E-Business ; Emerging Markets ; Energy ; External Auditors ; Finance ; Finance and Financial Sector Development ; Financial Institutions ; Financial Literacy ; Financial Markets ; Financial Service ; Islamic Finance ; Law and Development ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures
    Abstract: The structures and processes established within an institution offering Islamic financial Services (IIFS) for monitoring and evaluating Shariah compliance rely essentially on arrangements internal to the firm. By being incorporated in the institutional structure, a Shariah supervisory board (SSB) has the advantage of being close to the market. Competent, independent, and empowered to approve new Shariah-conforming instruments, an SSB can enable innovation likely to emerge within the institution. The paper reviews the issues and options facing current arrangements for ensuring Shariah compliance by IIFS. It suggests a framework that draws on internal and external arrangements to the firm and emphasizes market discipline. In issuing its fatwas, an SSB could be guided by standardized contracts and practices that could be harmonized by a self-regulatory professionals' association. A framework with the suggested internal and external features could ensure adequate consistency of interpretation and enhance the enforceability of contracts before civil courts. The review of transactions would mainly be entrusted to internal review units, which would collaborate with external auditors responsible for issuing an annual opinion on whether the institution's activities has met its Shariah requirements. This process would be sustained by reputable entities such as rating agencies, stock markets, financial media, and researchers who would channel signals to market players. This framework would enhance public understanding of the requirements of Shariah and lead to more effective options available to stakeholders to achieve improvements in Islamic financial services
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  • 59
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (50 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Salinas, Gonzalo Growth Before And After Trade Liberalization
    Keywords: Currencies and Exchange Rates ; Development ; Economic Conditions and Volatility ; Economic Growth ; Economic Indicators ; Economic Performance ; Economic Theory and Research ; Emerging Markets ; Exchange ; Exports ; Finance and Financial Sector Development ; Free Trade ; GDP ; GDP Per Capita ; Goods ; Income ; International Economics & Trade ; Investment ; Law and Development ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Protectionism ; Theory ; Trade Law ; Currencies and Exchange Rates ; Development ; Economic Conditions and Volatility ; Economic Growth ; Economic Indicators ; Economic Performance ; Economic Theory and Research ; Emerging Markets ; Exchange ; Exports ; Finance and Financial Sector Development ; Free Trade ; GDP ; GDP Per Capita ; Goods ; Income ; International Economics & Trade ; Investment ; Law and Development ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Protectionism ; Theory ; Trade Law ; Currencies and Exchange Rates ; Development ; Economic Conditions and Volatility ; Economic Growth ; Economic Indicators ; Economic Performance ; Economic Theory and Research ; Emerging Markets ; Exchange ; Exports ; Finance and Financial Sector Development ; Free Trade ; GDP ; GDP Per Capita ; Goods ; Income ; International Economics & Trade ; Investment ; Law and Development ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Protectionism ; Theory ; Trade Law
    Abstract: The empirical study of the impact of trade liberalization has not convinced the skeptics about the economic gains after trade reforms. Some have even argued that trade reforms have led to economic collapse and to deindustrialization. Using a sample that excludes countries that were subject to major exogenous disruptions, the authors note that post-reform economic growth was 1.2 percentage points higher than before the reforms. This is remarkable considering that pre-reform periods were characterized by highly expansionary state policies and large external borrowing, and the crisis years that preceded trade liberalization in the comparisons are eliminated. Through multivariate fixed effects estimations the authors calculate that annual per capita GDP growth rates increased by up to 2.6 percentage points after the trade reforms, compared to a counterfactual that takes into consideration the evolution of several growth determinants. Moreover, trade liberalization has been followed by an acceleration of growth in investment, exports of goods and services, and manufacturing exports, and as opposed to common belief, outward orientation did not lead to significant deindustrialization and actually seems to have increased export diversification. Growth acceleration occurred irrespective of income per capita level and was quite significant in Sub-Saharan Africa. As expected, small countries benefited most from the reforms
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  • 60
    Language: English
    Pages: Online-Ressource (1 online resource (48 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Lederman, Daniel Export Promotion Agencies
    Keywords: Asymmetric Information ; Budgetary Support ; Capacity Building ; Consumer Preferences ; Country Strategy and Performance ; Debt Markets ; Development ; Diminishing Returns ; E-Business ; Economic Justification ; Economic Theory and Research ; Emerging Markets ; Export Competitiveness ; Exports ; Externalities ; Failures ; Finance and Financial Sector Development ; Financial Literacy ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Marketing ; Private Sector Development ; Public Sector Development ; Tax Law ; Trade Policy ; Asymmetric Information ; Budgetary Support ; Capacity Building ; Consumer Preferences ; Country Strategy and Performance ; Debt Markets ; Development ; Diminishing Returns ; E-Business ; Economic Justification ; Economic Theory and Research ; Emerging Markets ; Export Competitiveness ; Exports ; Externalities ; Failures ; Finance and Financial Sector Development ; Financial Literacy ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Marketing ; Private Sector Development ; Public Sector Development ; Tax Law ; Trade Policy ; Asymmetric Information ; Budgetary Support ; Capacity Building ; Consumer Preferences ; Country Strategy and Performance ; Debt Markets ; Development ; Diminishing Returns ; E-Business ; Economic Justification ; Economic Theory and Research ; Emerging Markets ; Export Competitiveness ; Exports ; Externalities ; Failures ; Finance and Financial Sector Development ; Financial Literacy ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Marketing ; Private Sector Development ; Public Sector Development ; Tax Law ; Trade Policy
    Abstract: The number of national export promotion agencies (EPAs) has tripled over the past two decades. While more countries have made them part of their national export strategy, studies have criticized their efficiency in developing countries. Partly in reaction to these critiques, EPAs have been retooled (see ITC 1998 or 2000, for example). This paper studies the impact of existing EPAs and their strategies based on a new data set covering 104 industrial and developing countries. Results suggest that on average they have a strong and statistically significant impact on exports. For each
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  • 61
    Language: English
    Pages: Online-Ressource (1 online resource (66 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Medvedev, Denis Beyond Trade
    Keywords: Barriers ; Common Market ; Competition ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Foreign Direct Investment ; Foreign Direct Investment ; Foreign Investment ; Free Trade ; Harmonization ; Income ; Intellectual Property ; Interest ; International Capital ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Barriers ; Common Market ; Competition ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Foreign Direct Investment ; Foreign Direct Investment ; Foreign Investment ; Free Trade ; Harmonization ; Income ; Intellectual Property ; Interest ; International Capital ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Barriers ; Common Market ; Competition ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Foreign Direct Investment ; Foreign Direct Investment ; Foreign Investment ; Free Trade ; Harmonization ; Income ; Intellectual Property ; Interest ; International Capital ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade and Regional Integration
    Abstract: The author investigates the effects of preferential trade agreements (PTAs) on the net foreign direct investment (FDI) inflows of member countries using a comprehensive database of PTAs in a panel setting. He finds that PTA membership is associated with a positive change in net FDI inflows, and the FDI gains are increasing in the market size of the PTA partners and their proximity to the host country. The author identifies several different channels through which preferential trade liberalization may affect FDI, and confirms that both threshold effects (signing the agreement) and market size effects (joining a larger and faster-growing common market) are important determinants of net FDI inflows, although the latter seem to dominate. The estimated relationship is largely driven by North-South PTAs, and is most pronounced in the late 1990s and early 2000s, the period when the majority of "deep integration" PTAs had been advanced
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  • 62
    Language: English
    Pages: Online-Ressource (1 online resource (46 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Parrachino, Irene Cooperative Game Theory and its Application to Natural, Environmental, and Water Resource Issues
    Keywords: Cost Recovery ; Cost Sharing ; Environment ; Environmental Economics and Policies ; Industry ; Law and Development ; Macroeconomics and Economic Growth ; Marginal Cost ; Municipalities ; Public Works ; Sanitation ; Town Water Supply and Sanitation ; Urban Water ; Urban Water Supply ; Wastewater Treatment ; Water ; Water Conservation ; Water Consumption ; Water Infrastructure ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry ; Cost Recovery ; Cost Sharing ; Environment ; Environmental Economics and Policies ; Industry ; Law and Development ; Macroeconomics and Economic Growth ; Marginal Cost ; Municipalities ; Public Works ; Sanitation ; Town Water Supply and Sanitation ; Urban Water ; Urban Water Supply ; Wastewater Treatment ; Water ; Water Conservation ; Water Consumption ; Water Infrastructure ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry ; Cost Recovery ; Cost Sharing ; Environment ; Environmental Economics and Policies ; Industry ; Law and Development ; Macroeconomics and Economic Growth ; Marginal Cost ; Municipalities ; Public Works ; Sanitation ; Town Water Supply and Sanitation ; Urban Water ; Urban Water Supply ; Wastewater Treatment ; Water ; Water Conservation ; Water Consumption ; Water Infrastructure ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry
    Abstract: This paper reviews various applications of cooperative game theory (CGT) to issues of water resources. With an increase in the competition over various water resources, the incidents of disputes have been in the center of allocation agreements. The paper reviews the cases of various water uses, such as multi-objective water projects, irrigation, groundwater, hydropower, urban water supply, wastewater, and transboundary water disputes. In addition to providing examples of cooperative solutions to allocation problems, the conclusion from this review suggests that cooperation over scarce water resources is possible under a variety of physical conditions and institutional arrangements. In particular, the various approaches for cost sharing and for allocation of physical water infrastructure and flow can serve as a basis for stable and efficient agreement, such that long-term investments in water projects are profitable and sustainable. The latter point is especially important, given recent developments in water policy in various countries and regional institutions such as the European Union (Water Framework Directive), calling for full cost recovery of investments and operation and maintenance in water projects. The CGT approaches discussed and demonstrated in this paper can provide a solid basis for finding possible and stable cost-sharing arrangements
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  • 63
    Language: English
    Pages: Online-Ressource (1 online resource (22 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Arena, Marco Does Insurance Market Activity Promote Economic Growth ?
    Keywords: Bank Policy ; Banking Sector ; Banks and Banking Reform ; Bond ; Debt Markets ; Developing Countries ; Economic Theory and Research ; Emerging Markets ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Financial Intermediation ; Financial Literacy ; Financial Systems ; Insurance ; Insurance Law ; Insurance Market ; Insurance Markets ; Insurance Premiums ; Insurance and Risk Mitigation ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Bank Policy ; Banking Sector ; Banks and Banking Reform ; Bond ; Debt Markets ; Developing Countries ; Economic Theory and Research ; Emerging Markets ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Financial Intermediation ; Financial Literacy ; Financial Systems ; Insurance ; Insurance Law ; Insurance Market ; Insurance Markets ; Insurance Premiums ; Insurance and Risk Mitigation ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Bank Policy ; Banking Sector ; Banks and Banking Reform ; Bond ; Debt Markets ; Developing Countries ; Economic Theory and Research ; Emerging Markets ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Financial Intermediation ; Financial Literacy ; Financial Systems ; Insurance ; Insurance Law ; Insurance Market ; Insurance Markets ; Insurance Premiums ; Insurance and Risk Mitigation ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development
    Abstract: Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing different risks to be managed more efficiently and by mobilizing domestic savings. During the past decade, there has been faster growth in insurance market activity, particularly in emerging markets given the process of liberalization and financial integration, which raises questions about its impact on economic growth. The author tests whether there is a causal relationship between insurance market activity (life and nonlife insurance) and economic growth. Using the generalized method of moments for dynamic models of panel data for 56 countries and for the 1976-2004 period, he finds robust evidence of a causal relationship between insurance market activity and economic growth. Both life and nonlife insurance have a positive and significant causal effect on economic growth. High-income countries drive the results in the case of life insurance. On the other hand, both high-income and developing countries drive the results in the case of nonlife insurance
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  • 64
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (51 S.)
    Edition: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Nenova, Tatiana Takeover laws and financial development
    Parallel Title: Nenova, Tatiana Takeover Laws And Financial Development
    Keywords: Übernahme ; Gesellschaftsrecht ; Kapitalmarktrecht ; Acquisition ; Bank ; Banks ; Companies ; Company ; Corporate Law ; Corporate Regulations ; Debt Markets ; Directors ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Institutional Investors ; Investment and Investment Climate ; Investor Protection ; Investors ; Law and Development ; Macroeconomics and Economic Growth ; Markets and Market Access ; Microfinance ; Minority Shareholders ; Private Sector Development ; Proxy ; Acquisition ; Bank ; Banks ; Companies ; Company ; Corporate Law ; Corporate Regulations ; Debt Markets ; Directors ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Institutional Investors ; Investment and Investment Climate ; Investor Protection ; Investors ; Law and Development ; Macroeconomics and Economic Growth ; Markets and Market Access ; Microfinance ; Minority Shareholders ; Private Sector Development ; Proxy ; Acquisition ; Bank ; Banks ; Companies ; Company ; Corporate Law ; Corporate Regulations ; Debt Markets ; Directors ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Institutional Investors ; Investment and Investment Climate ; Investor Protection ; Investors ; Law and Development ; Macroeconomics and Economic Growth ; Markets and Market Access ; Microfinance ; Minority Shareholders ; Private Sector Development ; Proxy
    Abstract: The issue of 'an appropriate' legal framework, especially in the case of the takeover market, has been poorly studied in the case of emerging markets, yet it is of immediate relevance and practical policymaker interest. The study makes a first attempt to analyze takeover regulations in a comparative context across 50 countries. It proposes a methodology to create a detailed index on the most salient features of capital market laws, and illustrates the approach on the case of takeover legislation. The methodology allows better understanding of the impact of laws on markets and development, allows a detailed quantification of a given regulation, in this case takeover market rules, and helps determine relevant policy implications. Specifically, the framework permits the exploration of the effects of individual regulations, their substitutability and interplay, as well as the overall extent of friendliness of the laws to investors, or particular groups thereof (such as minority shareholders), and the links of specialized regulation with the overall legal system. Finally, the study explores the effect of the investor-friendliness of takeover laws on stock market development.
    Note: Gesehen am 01.02.2013
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  • 65
    Language: English
    Pages: Online-Ressource (1 online resource (35 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Mansuri, Ghazala Incomplete Contracts And Investment
    Keywords: Asymmetric Information ; Bank Policy ; Communities & Human Settlements ; Contract ; Contract Law ; Contracts ; Debt Markets ; Economic Theory and Research ; Economic Transactions ; Exchange ; Expropriation ; Finance and Financial Sector Development ; Financial Literacy ; Investment ; Investment Behavior ; Investment Decision ; Investment and Investment Climate ; Investments ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Municipal Housing and Land ; Political Economy ; Private Sector Development ; Real Estate Development ; Social Protections and Labor ; Asymmetric Information ; Bank Policy ; Communities & Human Settlements ; Contract ; Contract Law ; Contracts ; Debt Markets ; Economic Theory and Research ; Economic Transactions ; Exchange ; Expropriation ; Finance and Financial Sector Development ; Financial Literacy ; Investment ; Investment Behavior ; Investment Decision ; Investment and Investment Climate ; Investments ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Municipal Housing and Land ; Political Economy ; Private Sector Development ; Real Estate Development ; Social Protections and Labor ; Asymmetric Information ; Bank Policy ; Communities & Human Settlements ; Contract ; Contract Law ; Contracts ; Debt Markets ; Economic Theory and Research ; Economic Transactions ; Exchange ; Expropriation ; Finance and Financial Sector Development ; Financial Literacy ; Investment ; Investment Behavior ; Investment Decision ; Investment and Investment Climate ; Investments ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Municipal Housing and Land ; Political Economy ; Private Sector Development ; Real Estate Development ; Social Protections and Labor
    Abstract: When contracts are incomplete, relationship-specific investments may be underprovided due to the threat of opportunistic expropriation or holdup. The authors find evidence of such underinvestment on tenanted land in rural Pakistan. Using data from households cultivating multiple plots under different tenure arrangements, they show that land-specific investment is lower on leased plots. This result is robust to the possible effects of asymmetric information in the leasing market. Greater tenure security also increases land-specific investment on leased plots. Moreover, variation in tenure security appears to be driven largely by heterogeneity across landlords, suggesting that reputation may be important in mitigating the holdup problem
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  • 66
    Language: English
    Pages: Online-Ressource (1 online resource (26 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Behrman, Jere R What Is The Real Impact of Schooling On Age of First Union And Age of First Parenting ?
    Keywords: Adolescents ; Adulthood ; Adults ; Age ; Aged ; Childhood ; Children ; Demography ; Education ; Education ; Education for All ; Effective Schools and Teachers ; Family ; Females ; Gender ; Gender and Law ; Generations ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Knowledge ; Law and Development ; Marriage ; Mothers ; Population Policies ; Population and Development ; Poverty Reduction ; Primary Education ; Rural Development ; Rural Poverty Reduction ; Adolescents ; Adulthood ; Adults ; Age ; Aged ; Childhood ; Children ; Demography ; Education ; Education ; Education for All ; Effective Schools and Teachers ; Family ; Females ; Gender ; Gender and Law ; Generations ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Knowledge ; Law and Development ; Marriage ; Mothers ; Population Policies ; Population and Development ; Poverty Reduction ; Primary Education ; Rural Development ; Rural Poverty Reduction ; Adolescents ; Adulthood ; Adults ; Age ; Aged ; Childhood ; Children ; Demography ; Education ; Education ; Education for All ; Effective Schools and Teachers ; Family ; Females ; Gender ; Gender and Law ; Generations ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Knowledge ; Law and Development ; Marriage ; Mothers ; Population Policies ; Population and Development ; Poverty Reduction ; Primary Education ; Rural Development ; Rural Poverty Reduction
    Abstract: The ages of first union and of first parenting are of considerable interest, not only because of their implications for individual welfare and well-being over the life cycle, but also because they are strongly associated with fertility patterns that are thought to have important implications for the broader society. But the many positive associations between schooling attainment and ages of first union and first parenting do not mean that increasing education causes increases in ages of first union and first parenting. This study contributes to the literature by investigating the impact of schooling on ages of first union and first parenting using data collected over 35 years in Guatemala. It advances beyond the previous literature by (1) treating schooling as behaviorally-determined, which changes the estimated schooling impacts considerably in a number of cases, tending to result in stronger positive effects of schooling for females and weaker ones for males; (2) including other aspects of individuals' human capital and parental family background, which in some cases changes the estimated impact of schooling attainment a fair amount; and (3) including outcomes, additional to ages of first union and first parenting, such as union partner's human capital and union partner's family's social and economic status, which enriches the understanding of the multiple effects that schooling attainment has on the processes under study
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  • 67
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (43 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Amin, Mohammad Do Institutions Matter More For Services ?
    Keywords: Accountability ; Bank ; Bribe ; Children and Youth ; Civil Law ; Corruption ; Corruption and Anticorruption Law ; E-Business ; Economic Theory and Research ; Finance and Financial Sector Development ; Gender ; Gender and Law ; Governance ; Government ; Judicial Independence ; Labor Policies ; Law and Development ; Laws ; Legal Framework ; Legal Frameworks ; Legal Products ; Macroeconomics and Economic Growth ; Medium ; Police ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Social Protections and Labor ; Accountability ; Bank ; Bribe ; Children and Youth ; Civil Law ; Corruption ; Corruption and Anticorruption Law ; E-Business ; Economic Theory and Research ; Finance and Financial Sector Development ; Gender ; Gender and Law ; Governance ; Government ; Judicial Independence ; Labor Policies ; Law and Development ; Laws ; Legal Framework ; Legal Frameworks ; Legal Products ; Macroeconomics and Economic Growth ; Medium ; Police ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Social Protections and Labor ; Accountability ; Bank ; Bribe ; Children and Youth ; Civil Law ; Corruption ; Corruption and Anticorruption Law ; E-Business ; Economic Theory and Research ; Finance and Financial Sector Development ; Gender ; Gender and Law ; Governance ; Government ; Judicial Independence ; Labor Policies ; Law and Development ; Laws ; Legal Framework ; Legal Frameworks ; Legal Products ; Macroeconomics and Economic Growth ; Medium ; Police ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Social Protections and Labor
    Abstract: Recent empirical research has focused on the role of institutions in overall economic performance. This paper examines the impact of institutions on the relative performance of the service sector. Through cross-country level and growth regressions it establishes the following stylized fact: countries with better institutions have relatively larger and more dynamic service sectors. It suggests that regulatory and contract enforcing institutions play a key role in the development of service sectors because these sectors enter into a more complex web of transactions with the rest of the economy and are more prone to market failure due to asymmetric information
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  • 68
    Language: English
    Pages: Online-Ressource (1 online resource (46 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Grais, Wafik Corporate Governance In Institutions Offering Islamic Financial Services
    Keywords: Account Holders ; Accounting ; Agency Problem ; Bank Policy ; Banks and Banking Reform ; Central Bank ; Corporate Governance ; Corporate Law ; Debt Markets ; Depos Depositors ; Emerging Markets ; Exchange ; Federal Deposit Insurance ; Finance and Financial Sector Development ; Financial Literacy ; Holding ; Interests ; Islamic Finance ; Labor Policies ; Law and Development ; Private Sector Development ; Social Protections and Labor ; Account Holders ; Accounting ; Agency Problem ; Bank Policy ; Banks and Banking Reform ; Central Bank ; Corporate Governance ; Corporate Law ; Debt Markets ; Depos Depositors ; Emerging Markets ; Exchange ; Federal Deposit Insurance ; Finance and Financial Sector Development ; Financial Literacy ; Holding ; Interests ; Islamic Finance ; Labor Policies ; Law and Development ; Private Sector Development ; Social Protections and Labor ; Account Holders ; Accounting ; Agency Problem ; Bank Policy ; Banks and Banking Reform ; Central Bank ; Corporate Governance ; Corporate Law ; Debt Markets ; Depos Depositors ; Emerging Markets ; Exchange ; Federal Deposit Insurance ; Finance and Financial Sector Development ; Financial Literacy ; Holding ; Interests ; Islamic Finance ; Labor Policies ; Law and Development ; Private Sector Development ; Social Protections and Labor
    Abstract: This paper reviews institutions offering Islamic financial services (IIFS) corporate governance challenges and suggests options to address them. It first points out the importance of corporate governance for IIFS, where it would require a distinct treatment from conventional corporate governance and highlights three cases of distress of IIFS. It then dwells on prevailing corporate governance arrangements addressing IIFS' needs to ensure the consistency of their operations with Islamic finance principles and the protection of the financial interests of a stakeholders' category, namely depositors holding unrestricted investment accounts. It raises the issues of independence, confidentiality, competence, consistency, and disclosure that may bear on pronouncements of consistency with Islamic finance principles. It also discusses the agency problem of depositors holding unrestricted investment accounts. The paper argues for a governance framework that combines internal and external arrangements and relies significantly on transparency and disclosure of market relevant information
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  • 69
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Do, Quy-Toan The Economics of Consanguineous Marriages
    Keywords: Anthropology ; Culture & Development ; Dependence ; Dowries ; Dowry ; Education ; Education and Society ; Extended Family ; Families ; Finance and Financial Sector Development ; Financial Literacy ; Folklore ; Gender ; Gender and Law ; Health, Nutrition and Population ; History ; Households ; Law and Development ; Marriage ; Marriages ; Partners ; Population Policies ; Population and Development ; Populations ; Power ; Property ; Social Development ; Social Inclusion and Institutions ; Anthropology ; Culture & Development ; Dependence ; Dowries ; Dowry ; Education ; Education and Society ; Extended Family ; Families ; Finance and Financial Sector Development ; Financial Literacy ; Folklore ; Gender ; Gender and Law ; Health, Nutrition and Population ; History ; Households ; Law and Development ; Marriage ; Marriages ; Partners ; Population Policies ; Population and Development ; Populations ; Power ; Property ; Social Development ; Social Inclusion and Institutions ; Anthropology ; Culture & Development ; Dependence ; Dowries ; Dowry ; Education ; Education and Society ; Extended Family ; Families ; Finance and Financial Sector Development ; Financial Literacy ; Folklore ; Gender ; Gender and Law ; Health, Nutrition and Population ; History ; Households ; Law and Development ; Marriage ; Marriages ; Partners ; Population Policies ; Population and Development ; Populations ; Power ; Property ; Social Development ; Social Inclusion and Institutions
    Abstract: The institution of consanguineous marriage-a marriage contracted between close biological relatives-has been a basic building block of many societies in different parts of the world. This paper argues that the practice of consanguinity is closely related to the practice of dowry, and that both arise in response to an agency problem between the families of a bride and a groom. When marriage contracts are incomplete, dowries transfer control rights to the party with the highest incentives to invest in a marriage. When these transactions are costly however, consanguinity can be a more appropriate response since it directly reduces the agency cost. The paper's model predicts that dowry transfers are less likely to be observed in consanguineous unions. It also emphasizes the effect of credit constraints on the relative prevalence of dowry payment and consanguinity. An empirical analysis using data from Bangladesh delivers robust results consistent with the predictions of the model
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  • 70
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (42 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Kenny, Charles Measuring And Reducing The Impact of Corruption In Infrastructure
    Keywords: Anti-Corruption ; Anticorruption ; Bank ; Bribe ; Bribery ; Bribes ; Confidence ; Corrupt ; Corruption ; Corruption Perceptions ; Corruption Perceptions Index ; Corruption Research ; Corruption and Anticorruption Law ; Governance ; Governance Indicators ; Law and Development ; Legal Products ; National Governance ; Poverty Monitoring and Analysis ; Poverty Reduction ; Public Sector Corruption and Anticorruption Measures ; Social Accountability ; Social Development ; Transport ; Anti-Corruption ; Anticorruption ; Bank ; Bribe ; Bribery ; Bribes ; Confidence ; Corrupt ; Corruption ; Corruption Perceptions ; Corruption Perceptions Index ; Corruption Research ; Corruption and Anticorruption Law ; Governance ; Governance Indicators ; Law and Development ; Legal Products ; National Governance ; Poverty Monitoring and Analysis ; Poverty Reduction ; Public Sector Corruption and Anticorruption Measures ; Social Accountability ; Social Development ; Transport ; Anti-Corruption ; Anticorruption ; Bank ; Bribe ; Bribery ; Bribes ; Confidence ; Corrupt ; Corruption ; Corruption Perceptions ; Corruption Perceptions Index ; Corruption Research ; Corruption and Anticorruption Law ; Governance ; Governance Indicators ; Law and Development ; Legal Products ; National Governance ; Poverty Monitoring and Analysis ; Poverty Reduction ; Public Sector Corruption and Anticorruption Measures ; Social Accountability ; Social Development ; Transport
    Abstract: This paper examines what we can say about the extent and impact of corruption in infrastructure in developing countries using existing evidence. It looks at different approaches to estimating the extent of corruption and reports on the results of such studies. It suggests that there is considerable evidence that most existing perceptions measures appear to be very weak proxies for the actual extent of corruption in the infrastructure sector, largely (but inaccurately) measuring petty rather than grand corruption. Existing survey evidence is more reliable, but limited in extent and still subject to sufficient uncertainty that it should not be used as a tool for differentiating countries in terms of access to infrastructure finance or appropriate policy models. The paper discusses evidence for the relative costs of corruption impacts and suggests that a focus on bribe payments as the indicator of the costs of corruption in infrastructure may be misplaced. It draws some conclusions regarding priorities for infrastructure anti-corruption research and activities in projects, in particular regarding disaggregated and actionable indicators of weak governance and corruption
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  • 71
    Language: English
    Pages: Online-Ressource (1 online resource (35 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Maskus, Keith E The Cost of Compliance With Product Standards For Firms In Developing Countries
    Keywords: Administrative and Regulatory Law ; Capital ; Competitiveness ; Cost Functions ; Damages ; Econometric Models ; Economic Theory and Research ; Exports ; Fixed Costs ; Inputs ; Investment ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Markets ; Production ; Production Costs ; Public Sector Regulation ; Social Protections and Labor ; Tariff Barr ; Administrative and Regulatory Law ; Capital ; Competitiveness ; Cost Functions ; Damages ; Econometric Models ; Economic Theory and Research ; Exports ; Fixed Costs ; Inputs ; Investment ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Markets ; Production ; Production Costs ; Public Sector Regulation ; Social Protections and Labor ; Tariff Barr ; Administrative and Regulatory Law ; Capital ; Competitiveness ; Cost Functions ; Damages ; Econometric Models ; Economic Theory and Research ; Exports ; Fixed Costs ; Inputs ; Investment ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Markets ; Production ; Production Costs ; Public Sector Regulation ; Social Protections and Labor ; Tariff Barr
    Abstract: Standards and technical regulations exist to protect consumer safety or to achieve other goals, such as ensuring the interoperability of telecommunications systems, for example. Standards and technical regulations can, however, raise substantially both start-up and production costs for firms. Maskus, Otsuki, and Wilson develop econometric models to provide the first estimates of the incremental production costs for firms in developing nations in conforming to standards imposed by major importing countries. They use firm-level data generated from 16 developing countries in the World Bank Technical Barriers to Trade (TBT) Survey Database. Their findings indicate that standards do increase short-run production costs by requiring additional inputs of labor and capital. A 1 percent increase in investment to meet compliance costs in importing countries raises variable production costs by between 0.06 and 0.13 percent, a statistically significant increase. The authors also find that the fixed costs of compliance are nontrivial-approximately
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  • 72
    Language: English
    Pages: Online-Ressource (1 online resource (47 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Carraro, Carlo Applications of Negotiation Theory To Water Issues
    Keywords: Common Problems ; Environment ; Environmental ; Environmental Economics ; Environmental Economics and Policies ; Environmental Problems ; Equilibrium ; Equity ; Incentives ; Industry ; Information ; Interest ; Labor ; Law and Development ; Marginal Cost ; Models ; Natural Resources ; Rural Development ; Town Water Supply and Sanitation ; Water Conservation ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry ; Common Problems ; Environment ; Environmental ; Environmental Economics ; Environmental Economics and Policies ; Environmental Problems ; Equilibrium ; Equity ; Incentives ; Industry ; Information ; Interest ; Labor ; Law and Development ; Marginal Cost ; Models ; Natural Resources ; Rural Development ; Town Water Supply and Sanitation ; Water Conservation ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry ; Common Problems ; Environment ; Environmental ; Environmental Economics ; Environmental Economics and Policies ; Environmental Problems ; Equilibrium ; Equity ; Incentives ; Industry ; Information ; Interest ; Labor ; Law and Development ; Marginal Cost ; Models ; Natural Resources ; Rural Development ; Town Water Supply and Sanitation ; Water Conservation ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry
    Abstract: The authors review the applications of noncooperative bargaining theory to water related issues-which fall in the category of formal models of negotiation. They aim to identify the conditions under which agreements are likely to emerge and their characteristics, to support policymakers in devising the " rules of the game" that could help obtain a desired result. Despite the fact that allocation of natural resources, especially trans-boundary allocation, has all the characteristics of a negotiation problem, there are not many applications of formal negotiation theory to the issue. Therefore, the authors first discuss the noncooperative bargaining models applied to water allocation problems found in the literature. Key findings include the important role noncooperative negotiations can play in cases where binding agreements cannot be signed; the value added of politically and socially acceptable compromises; and the need for a negotiated model that considers incomplete information over the negotiated resource
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  • 73
    Language: English
    Pages: Online-Ressource (1 online resource (55 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Herzberg, Benjamin Competitiveness Partnerships
    Keywords: Best Practice ; Business ; Business Associations ; Business Environment ; Business in Development ; Businesses ; Civil Society ; Communication ; Communication Strategy ; Communications ; Competitiveness ; Competitiveness and Competition Policy ; Corporate Law ; E-Business ; Foreign Direct Investment ; Governance ; Impact Assessment ; Law and Development ; National Governance ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Public Sector Development ; Social Development ; Best Practice ; Business ; Business Associations ; Business Environment ; Business in Development ; Businesses ; Civil Society ; Communication ; Communication Strategy ; Communications ; Competitiveness ; Competitiveness and Competition Policy ; Corporate Law ; E-Business ; Foreign Direct Investment ; Governance ; Impact Assessment ; Law and Development ; National Governance ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Public Sector Development ; Social Development ; Best Practice ; Business ; Business Associations ; Business Environment ; Business in Development ; Businesses ; Civil Society ; Communication ; Communication Strategy ; Communications ; Competitiveness ; Competitiveness and Competition Policy ; Corporate Law ; E-Business ; Foreign Direct Investment ; Governance ; Impact Assessment ; Law and Development ; National Governance ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Public Sector Development ; Social Development
    Abstract: The authors examine competitiveness partnerships, which consist of structured dialogue between the public and private sector to improve the investment climate. The paper is designed to be used as a resource by donors, governments, or businesspeople who are interested in establishing, maintaining, or improving a competitiveness partnership in their country or region. The political and economic context of a country determines the kind of partnership that is feasible and likely to succeed, and there is no one-size-fits-all approach. But it is possible to distill some ideas and techniques from best practice as many public-private dialogue mechanisms face similar challenges. Drawing on the experiences of 40 countries, the authors make a positive case for building and maintaining competitiveness partnerships, and offer a selection of valuable insights into how practitioners can design them so as to avoid common pitfalls. They demonstrate that reforms that are designed through public-private dialogue are better conceived and more effectively implemented because they arise from increased mutual understanding between government and the business community. The paper has three parts. Part One outlines what competitiveness partnerships can achieve. Part Two describes how competitiveness partnerships function, presenting issues to consider when designing such partnerships and a range of ways in which they may be approached. Part Three identifies challenges that competitiveness partnerships have frequently faced and strategies that have been used to overcome them
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  • 74
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Francois, Joseph Preference Erosion and Multilateral Trade Liberalization
    Keywords: Access ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Export Diversification ; Export Performance ; Finance and Financial Sector Development ; Free Trade ; Free Trade Agreements ; Global Trade ; International Economics & Trade ; International Trade ; Law and Development ; Liberalization Of Trade ; Macroeconomics and Economic Growth ; Multilateral Liberalization ; Multilateral Trade Liberalization ; Preferential Access ; Private Sector Development ; Public Sector Development ; Reciprocal Basis ; Reciprocity ; Tariff ; Tariff Reductions ; Tariffs ; Trade ; Trade Law ; Trade Negotiations ; Trade Policies ; Trade Policy ; Trade Preferences ; Trade and Regional Integration ; Access ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Export Diversification ; Export Performance ; Finance and Financial Sector Development ; Free Trade ; Free Trade Agreements ; Global Trade ; International Economics & Trade ; International Trade ; Law and Development ; Liberalization Of Trade ; Macroeconomics and Economic Growth ; Multilateral Liberalization ; Multilateral Trade Liberalization ; Preferential Access ; Private Sector Development ; Public Sector Development ; Reciprocal Basis ; Reciprocity ; Tariff ; Tariff Reductions ; Tariffs ; Trade ; Trade Law ; Trade Negotiations ; Trade Policies ; Trade Policy ; Trade Preferences ; Trade and Regional Integration ; Access ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Export Diversification ; Export Performance ; Finance and Financial Sector Development ; Free Trade ; Free Trade Agreements ; Global Trade ; International Economics & Trade ; International Trade ; Law and Development ; Liberalization Of Trade ; Macroeconomics and Economic Growth ; Multilateral Liberalization ; Multilateral Trade Liberalization ; Preferential Access ; Private Sector Development ; Public Sector Development ; Reciprocal Basis ; Reciprocity ; Tariff ; Tariff Reductions ; Tariffs ; Trade ; Trade Law ; Trade Negotiations ; Trade Policies ; Trade Policy ; Trade Preferences ; Trade and Regional Integration
    Abstract: Because of concern that OECD tariff reductions will translate into worsening export performance for the least developed countries, trade preferences have proven a stumbling block to developing country support for multilateral liberalization. The authors examine the actual scope for preference erosion, including an econometric assessment of the actual utilization and the scope for erosion estimated by modeling full elimination of OECD tariffs, and hence full most-favored-nation liberalization-based preference erosion. Preferences are underutilized due to administrative burden-estimated to be at least 4 percent on average-reducing the magnitude of erosion costs significantly. For those products where preferences are used (are of value), the primary negative impact follows from erosion of EU preferences. This suggests the erosion problem is primarily bilateral rather than a WTO-based concern
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  • 75
    Language: English
    Pages: Online-Ressource (1 online resource (36 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Johnston, Michael Building a Clean Machine
    Keywords: Abuse ; Abuses ; Abuses of Power ; Accountability ; Agreement ; Anti-Corruption ; Anti-Corruption Goals ; Bank ; Civil Society ; Corruption and Anticorruption Law ; Gender ; Gender and Law ; Good Governance ; Governance ; Governance ; Governance Indicators ; Government ; Government Diagnostic Capacity Building ; Law and Development ; Public Sector Corruption and Anticorruption Measures ; Social Accountability ; Social Development ; Abuse ; Abuses ; Abuses of Power ; Accountability ; Agreement ; Anti-Corruption ; Anti-Corruption Goals ; Bank ; Civil Society ; Corruption and Anticorruption Law ; Gender ; Gender and Law ; Good Governance ; Governance ; Governance ; Governance Indicators ; Government ; Government Diagnostic Capacity Building ; Law and Development ; Public Sector Corruption and Anticorruption Measures ; Social Accountability ; Social Development ; Abuse ; Abuses ; Abuses of Power ; Accountability ; Agreement ; Anti-Corruption ; Anti-Corruption Goals ; Bank ; Civil Society ; Corruption and Anticorruption Law ; Gender ; Gender and Law ; Good Governance ; Governance ; Governance ; Governance Indicators ; Government ; Government Diagnostic Capacity Building ; Law and Development ; Public Sector Corruption and Anticorruption Measures ; Social Accountability ; Social Development
    Abstract: Many societies have limited corruption through the broad-based mobilization of a diverse range of interests willing and able to defend themselves by making meaningful demands for accountability of, and limits on, official power, and for an end to illicit advantages enjoyed by others. Historically such a process has taken place gradually, as political development has proceeded and the base of participation broadens. But today's high-corruption societies cannot wait for several generations to see such developments take place. Johnston and Kpundeh argue that social action coalitions, linking public and private actors, are a way to mobilize these sorts of participation and advocacy. Such coalitions are neither a new idea nor a guarantee of successful reforms. In many instances they win out by default as an anti-corruption strategy. But they contend that if sustained by careful planning and a diverse set of incentives, they can reinforce political will and enhance the strength of civil society. Coalition-building efforts are underway in many societies. But too often they have focused only on anti-corruption tactics and pursuing their own growth, rather than looking at the coalition-building process in more general terms. In Part I, the authors employ Wilson's (1973) analysis of the incentives that motivate and reward participation in organizations. This approach helps them identify ways in which the anti-corruption goals can be augmented by other kinds of appeals, even when material incentives are scarce. The authors also identify four stages of the coalition-building process—formation, credibility, expansion, and transformation—in which differing combinations of incentives will be necessary to address the group's most important problems and opportunities. In Part II the authors examine two important coalition-building efforts in light of the discussions thus far—Ghana's Anti-Corruption Coalition, and the Bangalore Agenda Task Force in Bangalore, Karnataka State, India. In Part III the authors link those cases to a broader analysis, suggesting that while purposive incentives are common in the early phases of all coalitions, other varieties must be added to the mix. Wilson's scheme points to ways in which the imaginative use of incentives can aid the transition from one phase of coalition development to the next. The authors conclude with general strategic issues, suggesting ways in which their analysis can be applied to those questions given the important variations to be found among cases. This paper—a product of the Governance, Finance, and Regulation Division, World Bank Institute—is part of a larger effort in the institute to address governance and anti-corruption issues in developing countries
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  • 76
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Limao, Nuno Trade Preferences to Small Developing Countries and the Welfare Costs of Lost Multilateral Liberalization
    Keywords: Balance of Payments ; Competitive Position ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Export Markets ; Finance and Financial Sector Development ; Free Trade ; International Economics & Trade ; International Trade and Trade Rules ; Law and Development ; Macroeconomics and Economic Growth ; Market Access ; Multilateral Liberalization ; Multilateral Trade Liberalization ; Political Economy ; Preferential Access ; Preferential Tariff ; Preferential Trade ; Private Sector Development ; Public Sector Development ; Trade Policy ; Trade and Region ; Balance of Payments ; Competitive Position ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Export Markets ; Finance and Financial Sector Development ; Free Trade ; International Economics & Trade ; International Trade and Trade Rules ; Law and Development ; Macroeconomics and Economic Growth ; Market Access ; Multilateral Liberalization ; Multilateral Trade Liberalization ; Political Economy ; Preferential Access ; Preferential Tariff ; Preferential Trade ; Private Sector Development ; Public Sector Development ; Trade Policy ; Trade and Region ; Balance of Payments ; Competitive Position ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Export Markets ; Finance and Financial Sector Development ; Free Trade ; International Economics & Trade ; International Trade and Trade Rules ; Law and Development ; Macroeconomics and Economic Growth ; Market Access ; Multilateral Liberalization ; Multilateral Trade Liberalization ; Political Economy ; Preferential Access ; Preferential Tariff ; Preferential Trade ; Private Sector Development ; Public Sector Development ; Trade Policy ; Trade and Region
    Abstract: The proliferation of preferential trade liberalization over the last 20 years has raised the question of whether it slows down multilateral trade liberalization. Recent theoretical and empirical evidence indicates this is the case even for unilateral preferences that developed countries provide to small and poor countries but there is no estimate of the resulting welfare costs. To avoid this stumbling block effect we suggest replacing unilateral preferences by a fixed import subsidy. We argue that this scheme would reduce the drag of preferences on multilateral liberalization and generate a Pareto improvement. More importantly, we provide the first estimates of the welfare cost of preferential liberalization as a stumbling block to multilateral liberalization. By combining recent estimates of the stumbling block effect of preferences with data for 170 countries and over 5,000 products we calculate the welfare effects of the United States, European Union and Japan switching from unilateral preferences to Least Developed Countries to the import subsidy scheme. Even in a model with no dynamic gains to trade we find that the switch produces an annual net welfare gain for the 170 countries (
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  • 77
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (39 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Klapper, Leora The Role of Factoring For Financing Small And Medium Enterprises
    Keywords: Bank ; Banking Law ; Bankruptcy ; Banks and Banking Reform ; Collateralization ; Collection Services ; Credit Risk ; Debt Markets ; Emerging Markets ; Emerging Markets ; Enterprises ; Factoring ; Finance ; Finance and Financial Sector Development ; Financial Intermediation ; Financial Literacy ; Financial Systems ; Interest ; Law and Development ; Laws ; Private Sector Development ; Bank ; Banking Law ; Bankruptcy ; Banks and Banking Reform ; Collateralization ; Collection Services ; Credit Risk ; Debt Markets ; Emerging Markets ; Emerging Markets ; Enterprises ; Factoring ; Finance ; Finance and Financial Sector Development ; Financial Intermediation ; Financial Literacy ; Financial Systems ; Interest ; Law and Development ; Laws ; Private Sector Development ; Bank ; Banking Law ; Bankruptcy ; Banks and Banking Reform ; Collateralization ; Collection Services ; Credit Risk ; Debt Markets ; Emerging Markets ; Emerging Markets ; Enterprises ; Factoring ; Finance ; Finance and Financial Sector Development ; Financial Intermediation ; Financial Literacy ; Financial Systems ; Interest ; Law and Development ; Laws ; Private Sector Development
    Abstract: Around the world, factoring is a growing source of external financing for corporations and small and medium-size enterprises (SMEs). What is unique about factoring is that the credit provided by a lender is explicitly linked to the value of a supplier's accounts receivable and not the supplier's overall creditworthiness. Therefore, factoring allows high-risk suppliers to transfer their credit risk to their high-quality buyers. Factoring may be particularly useful in countries with weak judicial enforcement and imperfect records of upholding seniority claims because receivables are sold, rather than collateralized, and factored receivables are not part of the estate of a bankrupt SME. Empirical tests find that factoring is larger in countries with greater economic development and growth and developed credit information bureaus. In addition, the author finds that creditor rights are not related to factoring. The author also discusses reverse factoring, which is a technology that can mitigate the problem of borrowers' informational opacity in business environments with weak information infrastructures if only receivables from high-quality buyers are factored. She illustrates the case of the Nafin reverse factoring program in Mexico and highlights how the use of electronic channels and a supportive legal and regulatory environment can cut costs and provide greater SME services in emerging markets
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  • 78
    Language: English
    Pages: Online-Ressource (1 online resource (81 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Demirguc-Kant, Asli Deposit Insurance Around The World
    Keywords: Bank ; Bank Failures ; Banking ; Banking Systems ; Banks and Banking Reform ; Central Banks ; Currencies and Exchange Rates ; Debt Markets ; Deposit Insurance ; Deposit Insurance Coverage ; Deposit Insurance Schemes ; Emerging Markets ; Finance and Financial Sector Development ; Financial Intermediation ; Financial Literacy ; Financial Safety Nets ; Governments ; Guara ; Insurance Law ; Insurance and Risk Mitigation ; Law and Development ; Private Sector Development ; Bank ; Bank Failures ; Banking ; Banking Systems ; Banks and Banking Reform ; Central Banks ; Currencies and Exchange Rates ; Debt Markets ; Deposit Insurance ; Deposit Insurance Coverage ; Deposit Insurance Schemes ; Emerging Markets ; Finance and Financial Sector Development ; Financial Intermediation ; Financial Literacy ; Financial Safety Nets ; Governments ; Guara ; Insurance Law ; Insurance and Risk Mitigation ; Law and Development ; Private Sector Development ; Bank ; Bank Failures ; Banking ; Banking Systems ; Banks and Banking Reform ; Central Banks ; Currencies and Exchange Rates ; Debt Markets ; Deposit Insurance ; Deposit Insurance Coverage ; Deposit Insurance Schemes ; Emerging Markets ; Finance and Financial Sector Development ; Financial Intermediation ; Financial Literacy ; Financial Safety Nets ; Governments ; Guara ; Insurance Law ; Insurance and Risk Mitigation ; Law and Development ; Private Sector Development
    Abstract: This paper updates the Demirgu?-Kunt and Sobaci (2001) cross-country deposit insurance database and extends it in several important dimensions. This new data set identifies both recent adopters and the ones that were not covered earlier due to a lack of data. Moreover, for the first time, it provides historical time series for several variables and adds new ones. The data were collected by surveying deposit insurance institutions and related agencies as well as through the use of various other country sources
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  • 79
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Manchin, Miriam Preference Utilization And Tariff Reduction In European Union Imports From African, Caribbean, And Pacific Countries
    Keywords: Internationale Wirtschaftsbeziehungen ; Handelspräferenzen ; Zollpräferenzen ; AKP-Staaten ; EU-Staaten ; Country Tariff ; Duty Reduction ; Economic Theory and Research ; Exports ; Free Access ; Free Trade ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market Access ; Preferential Access ; Preferential Status ; Preferential Trade ; Preferential Trade Agreements ; Public Sector Development ; Rules of Origin ; Rules of Origin ; Trade Law ; Trade Policy ; Country Tariff ; Duty Reduction ; Economic Theory and Research ; Exports ; Free Access ; Free Trade ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market Access ; Preferential Access ; Preferential Status ; Preferential Trade ; Preferential Trade Agreements ; Public Sector Development ; Rules of Origin ; Rules of Origin ; Trade Law ; Trade Policy ; Country Tariff ; Duty Reduction ; Economic Theory and Research ; Exports ; Free Access ; Free Trade ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market Access ; Preferential Access ; Preferential Status ; Preferential Trade ; Preferential Trade Agreements ; Public Sector Development ; Rules of Origin ; Rules of Origin ; Trade Law ; Trade Policy
    Abstract: Despite the long relationship between the European Union and the African, Caribbean, and Pacific (ACP) countries aimed at encouraging their exports while stimulating growth and investment, the ACP states still face difficulties in integrating into the world economy. The author examines the non-least developed ACP countries ' preferential trade with the EU. Her objective is to explain the determinants of preferential exports of ACP countries toward the EU and to assess the impact of preferences on trade volumes. The author also investigates the existence of a threshold in the offered duty reduction under which traders have no incentives to ask for preferences
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  • 80
    Language: English
    Pages: Online-Ressource (1 online resource (68 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Johansson, Robert C Micro And Macro-Level Approaches For Assessing The Value of Irrigation Water
    Keywords: Canals ; Desalination ; Drainage ; Environment ; Environmental Economics and Policies ; Fresh Water ; Groundwater ; Industry ; Irrigation ; Law and Development ; Sources of Water ; Town Water Supply and Sanitation ; Wastewater ; Water ; Water ; Water Conservation ; Water Conservation ; Water Fees ; Water Harvesting ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water Use ; Water and Industry ; Canals ; Desalination ; Drainage ; Environment ; Environmental Economics and Policies ; Fresh Water ; Groundwater ; Industry ; Irrigation ; Law and Development ; Sources of Water ; Town Water Supply and Sanitation ; Wastewater ; Water ; Water ; Water Conservation ; Water Conservation ; Water Fees ; Water Harvesting ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water Use ; Water and Industry ; Canals ; Desalination ; Drainage ; Environment ; Environmental Economics and Policies ; Fresh Water ; Groundwater ; Industry ; Irrigation ; Law and Development ; Sources of Water ; Town Water Supply and Sanitation ; Wastewater ; Water ; Water ; Water Conservation ; Water Conservation ; Water Fees ; Water Harvesting ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water Use ; Water and Industry
    Abstract: Many countries are reforming their economies and setting macroeconomic policies that have direct and indirect impact on the performance of the irrigation sector. One reason for the movement toward reform in the water sector across countries is that water resources are increasingly becoming a limiting factor for many human activities. Another reason for increased pressures to address water policy issues is that many countries are in the process of removing barriers to trade, particularly in agricultural commodities. Therefore, knowledge of the value of water when crafting domestic and macroeconomic policies is important to compare the variable impacts of reform across sectors of the economy and populations within the country. Researchers have used many methods for assessing the value of irrigation water. This survey reviews a broad literature to ascertain how two basic questions have been addressed by research over the past few decades. First, what is the value of water across different sectors and levels? Second, how will this value change under different macroeconomic and domestic policies? This survey details a number of methods for approaching these two questions. The literature has been organized according to a progression from theoretical underpinnings to empirical approaches to how the value of irrigation services are relevant to the link between globalization and poverty
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  • 81
    Language: English
    Pages: Online-Ressource (1 online resource (37 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Baracat, Elias WTO Safeguards And Trade Liberalization
    Keywords: Appellate Body ; Currencies and Exchange Rates ; Dispute Settlement ; Dispute Settlement Body ; Dispute Settlement Mechanism ; Economic Theory and Research ; Emerging Markets ; Exchange Rate ; Finance and Financial Sector Development ; Free Trade ; Import Relief ; International Economics & Trade ; International Trade ; Law and Development ; Liberalization Of Trade ; Macroeconomics and Economic Growth ; Multilateral Agreements ; Policy Research ; Private Sector Development ; Public Sector Development ; Regional Agreements ; Regional Integration ; Regional Integration Agreements ; Regional Trade ; Safeguard Measures ; Trade ; Trade Barriers ; Trade Law ; Trade Liberalization ; Trade Policy ; World Trade Organization ; Appellate Body ; Currencies and Exchange Rates ; Dispute Settlement ; Dispute Settlement Body ; Dispute Settlement Mechanism ; Economic Theory and Research ; Emerging Markets ; Exchange Rate ; Finance and Financial Sector Development ; Free Trade ; Import Relief ; International Economics & Trade ; International Trade ; Law and Development ; Liberalization Of Trade ; Macroeconomics and Economic Growth ; Multilateral Agreements ; Policy Research ; Private Sector Development ; Public Sector Development ; Regional Agreements ; Regional Integration ; Regional Integration Agreements ; Regional Trade ; Safeguard Measures ; Trade ; Trade Barriers ; Trade Law ; Trade Liberalization ; Trade Policy ; World Trade Organization ; Appellate Body ; Currencies and Exchange Rates ; Dispute Settlement ; Dispute Settlement Body ; Dispute Settlement Mechanism ; Economic Theory and Research ; Emerging Markets ; Exchange Rate ; Finance and Financial Sector Development ; Free Trade ; Import Relief ; International Economics & Trade ; International Trade ; Law and Development ; Liberalization Of Trade ; Macroeconomics and Economic Growth ; Multilateral Agreements ; Policy Research ; Private Sector Development ; Public Sector Development ; Regional Agreements ; Regional Integration ; Regional Integration Agreements ; Regional Trade ; Safeguard Measures ; Trade ; Trade Barriers ; Trade Law ; Trade Liberalization ; Trade Policy ; World Trade Organization
    Abstract: The footwear case provides an example of the complexities of World Trade Organization (WTO) rules on the use of safeguards, and of the interaction of multilateral and regional processes of liberalization. As a result both of Argentina's unilateral liberalization and the removal of barriers within Mercosur, imports of footwear increased rapidly. As Mercosur provides no intra-regional safeguard mechanism, the government of Argentina responded by applying import relief and WTO safeguards against third countries. The WTO Dispute Settlement Body addressed these measures and as a consequence, Argentina dismantled most of them, leading to four main conclusions: The jurisprudence of the WTO's Appellate Body has created serious uncertainty as to when a country can use safeguards. This does not contribute to the political balance that has to be maintained when developing countries implement trade liberalization programs. In fact, it detracts from this crucial goal. It is an error to negotiate ambiguous multilateral agreements on the expectation that the WTO Dispute Settlement mechanism will clarify them. An overvalued currency heightened the industry's problems. In the case of footwear, the decline in imports following the recent devaluation was more important than that following the implementation of earlier relief measures. The political economy of liberalization also indicates the need for regional agreements to include adequate transition mechanisms that will facilitate adjustment to free trade and to maintain support for it
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 82
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Financial Sector Assessment Program
    Keywords: Banking Law ; Banking Sector ; Finance and Financial Sector Development ; Law and Development ; Legal Framework ; Profitability
    Abstract: The banking sector is the backbone of the Sudan's financial system and will continue to play an important role as financial intermediary and primary source of financing for the domestic economy. As of December 31, 2003, there were 26 commercial and specialized banking institutions in Sudan which comprised 23 domestic banks and 3 foreign banks. The operations of these banks are based on Islamic principles. The Sudanese financial sector is small relative to Gross domestic product (GDP), but is rapidly growing. Deposits in the banking sector currently represent a little over 10 percent of GDP, and credit to the private sector has been rapidly expanding, driven by a strong economy. At present, the banking system is small enough that a crisis would not have much immediate impact on the overall economy
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