In their paper "Foreign Bank Entry, Performance of Domestic Banks and the Sequence of Financial Liberalization", PGP's Nihal Bayraktar and Yan Wang investigate the effects of banking sector openness and the sequence of financial liberalization on the efficiency and competitiveness of domestic
Globalization's critics argue that a more open world economy sets off a race to the bottom by encouraging countries to jettison protections for consumers, workers and the environment. In reality, the opposite is true. If our data demonstrate anything, it is that globalization prompts a race to the top by pushing countries to abandon policies that burden their economies in favor of those that fuel growth and economic opportunity...
I recently helped Jordan Schwartz pull together two short notes on the challenge of reconstructing infrastructure after conflict. The first examines private investment and aid flows to conflict-affected countries:
In previous Fridays Academy postings we have already seen how the measurement of poverty itself is the first step towards understanding the economic policies needed to reduce the number of poor. The second step is to understand the basic components of how an economy works. This in turn requires some knowledge of macroeconomics, the branch of economics that studies the aggregate economy by focusing on the analysis of key macroeconomic variables, including the economy’s total output, inflation, unemployment, the balance of payments, and the exchange rate.
The CSR community is always looking for the new topics to focus on. Judging by two new publication, tax planning may be the next area for scrutiny. Firms are increasingly attuned to writing social and environmental reports, but will they be as transparent with their tax planning? In Taxing Issues - Responsible Business and Tax, a new report from Sustainability, the authors argue "No".
Or how to print your own book.
The World Bank's Infoshop inaugurated today the world's first commercial book Print on Demand (POD) device (or Espresso book machine).