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Improving Credit in Armenia

The 2006 and 2007 Doing Business reports both found that Armenia has been reforming in the area of credit. Armenian lenders can now rely on a credit registry when deciding on loan applications. But have these reforms really had an impact?

What triggers reforms?

Mohammad Amin's picture

A previous post by Pablo on the political cost of market reforms suggests that the incentive to reform depends on the impact of such reforms on the re-election chances of the incumbent government, and how much the president or party in power cares about re-election relative to other (enlightened) objectives.

Belarusian Business Reform: Less Time with the Taxman

Arvind Jain's picture

Has the regulatory burden for Belarusian businesses decreased?  According to a new World Bank Country Note on Running a Business in Belarus, progress has indeed been made over time. For example, the number of visits or required meetings with tax officials has significantly decreased from 2005 to 2008: from 3.2 to just 1 visit per year. Also, the percentage of firms reporting incidence of bribes with these tax officials decreased as well.

How tough is it to find an employee you can trust?

Mohammad Amin's picture

As far as labor issues in India are concerned, labor regulation is the hot favorite among academics. Some policy makers also talk about an impending skill shortage that requires urgent attention. But discussion of other issues—for example, lack of trust between employers and employees—is virtually non-existent.

Uzbekistan’s struggling private sector

Arvind Jain's picture

Exactly one year ago, the Financial Times gave a positive gloss on Uzbekistan’s economic prospects. One of the sources for the FT’s take on Uzbekistan was Alisher Ali Djumanov, a managing partner at Eurasia Capital Management and (as the article points out) the only alumnus of Insead in the country. He had this to say:

Experimenting with labor reforms in India

Mohammad Amin's picture

In a previous post I discussed how the current global financial crisis seems to have forced policy makers in India to take another look at existing labor laws in the country. The Economic Survey (2008-09) of India released by the Ministry of Finance in early July this year clearly noted the imperative need to facilitate the growth of labor intensive industries, "especially by reviewing labor laws and labor market regulations."


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