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East Asia and Pacific

Land, the single greatest asset for the poor

In 2006, the income of Chinese urban residents was 3.28 times that of the rural ones, where 700 million farmers or 56 percent of total population live.

The new survey from the Cato Institute shows how secure land rights can reinvigorate China's rural economy. The graph (below) displays a correlation between issuance of contracts and certificates and farmers' mid and long-term investment in land.

Reform yourself and the equity returns will follow

How did Eastern Europe overtake East Asia? In a four-minute video interview, Michael Klein, World Bank-IFC Vice President for Financial and Private Sector Development, explains why countries that didn't make it to the top of the Doing Business 2008 report don't have to despair.

By the way, did you know that Estonia and Poland have as many registered businesses per capital as Hong Kong? The same holds for Georgia and Malaysia.

World Bank's Internal Evaluation Report is out now

Ieg_report_2 Since the mid-1990s, 86 middle-income countries (MICs), defined as having GDP per capital ranging from $1000 to $6000, have borrowed the total of $163 billion and their average real incomes grew by 4 percent a year.

When do creditors' rights work?

There's much talk about the need for creditor-friendly laws in order to provide more capital to private sector. But how much is a better lenders' right to collateral worth in an absence of effective enforcement?

FDI in 2011

The Economist Intelligence Unit together with the Columbia Program on International Investment released the World Investment Prospects to 2011 which forecasts FDI flows for 82 countries over the next five years. Eight out of top twenty recipient countries will be in emerging-markets.

The report focuses on political risk, and Jeffrey Sachs analyzes ways to address growing risks in the energy sector.

The graph shows predicted inflows to Asia + China: