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East Asia and Pacific

Brief history of auction theory

The latest from David Warsh is a nice concise history of auction theory - including anecdotes of ridiculous auction results. The evolution of the science affects many of the public policy issues we discus here: from the privatization of state companies and allotment of cellular spectrums, to energy contracts and a possible rescue of Europe’s teetering carbon market.

More on Ecomagination

While the term will make any English language aficionado cringe, General Electric's Ecomagination platform had reported a stellar initial twelve months: revenues over $10 billion and a reduction of over 250,000 tons of greenhouse gas emissions from its own operations (see Pablo's post).

Saving the safari industry

Safari_1The tourism industry is one of the most vulnerable to the economic impacts of HIV/AIDS. Employees who are mobile and away from their families for long periods of time, and who are usually uninformed or misinformed about HIV/AIDS, can have a direct effect on the bottom lines of tour operators.

New global charter for responsible investment

Michael Jarvis's picture

In case you missed it on April 27, Kofi Annan rang the opening bell at the NYSE and announced the launch of new UN Principles of Responsible Investment. Calling the UN and business natural partners, Annan noted:

New blogger: Christine Bowers

We are happy to announce that Christine Bowers has joined the PSD Blog. She just recently joined the WB-IFC Private Sector Development Vice-Presidency, so hopefully will bring with her a nuanced perspective to the issues we try to tackle here.

The mistakes of export promotion agencies

Last week the World Bank hosted a two-day seminar on “Policies to Promote Export Growth and Diversification,” including a particularly interesting session on export and FDI promotion institutions moderated by guru Andrew Singer. The overarching theme: Be realistic about what these types of institutions can accomplish, and avoid creating big institutions that are just “window-dressing”.