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Eastern Europe and Central Asia

Eastern Europe and the Crisis: Is the worst over?

The World Bank's Enterprise Surveys team has published a new survey of businesses in Eastern Europe, analyzing the long-term effects of the financial crisis in the region. The report looks at survey data collected last summer from over 1,600 firms in Bulgaria, Hungary, Latvia, Lithuania, Romania and Turkey, finding that the crisis has had a detrimental effect on demand:

The BRIC Temptation

My final posts on Crisis Talk addressed issues concerning capital flows and emerging markets (see here and here). As most of the world emerges from the crisis, the demand for 'safe' investments, such as American and European government bonds, has diminished.

Rethinking the brain drain

Ryan Hahn's picture

An article in Foreign Policy last month asks us to rethink the brain drain. Authors Michael Clemens and David McKenzie (the latter an employee of the World Bank) argue that the movement of skilled labor is a boon to both developed and developing countries. They decry the term "brain drain" as a serious mischaracterization of the phenomenon.

World Bank gets its own data visualizer

Ryan Hahn's picture

Perhaps taking a page from Hans Rosling's extremely popular presentation of development data at the 2006 TED Talks, the World Bank now has its own publicly accessible tool for data visualisation. This first version of the tool contains 49 indicators for 209 countries taken from the World Development Indicators.

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.