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International finance

Financial Paradigms: What Do They Suggest about Regulatory Reform?

Editor's note: Augusto de la Torre is chief economist, and Alain Ize a consultant, in the Latin America and the Caribbean Region of the World Bank. This is the 10th in a series of policy briefs on the crisis—assessing the policy responses, shedding light on financial reforms currently under debate, and providing insights for emerging-market policy makers.

Paying Taxes 2010-The global picture

The latest publication of the Doing Business franchise is out: Paying Taxes 2010-The global picture.

The study measures tax systems from the point of view of a domestic company complying with the different tax laws and regulations in each economy. The case study company is a small to medium-size manufacturer and retailer, deliberately chosen to ensure that its business can be identified with and compared worldwide.

The Curious Indian Entrepreneur

I attended a session from yesterday's Entrepreneurship and Growth Conference on "Indian Entrepreneurial Success in the United States, Canada, and the United Kingdom". RAND corporation's Krishna B Kumar attempted to explain the extraordinary successes of Indian expatriate

Today in Capital Controls

Yesterday I suggested that emerging market economies, rather than the United States, were better poised to criticize China's currency policy. It looks like, rather than criticizing China's policy, many are simply trying replicate it. Brazil and Taiwan are leading the way:

In search of PSD’s “holy grail”

The “holy grail” for those working in PSD is the scalable and sustainable business model that engages the poor while delivering social and developmental outcomes. Finding the PSD grail will potentially empower large numbers of poor men and women to find their own way out of poverty as well as generating, on a commercial basis, socially desirable goods and services. But there have been many false trails in the quest for the PSD grail. Among them are supply chain development initiatives that remain external to the economic lives of the poor, and heavily subsidized models tha

The Lure of Local Bonds

IFC announced yesterday that it will issue a $43m local currency bond in Central Africa, a first for the World Bank institution, and also a first for a non-local financial institution. This is IFC's second local currency bond in Sub-Saharan Africa, following its issuance of a West African Kola Bond in late 2006:

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.