Corruption has a considerable negative impact on development. Besides considerations associated with public ethics, corruption discourages private initiative and reduces available public resources, which in turn translates, for example, in less hospitals and poor education quality. Corruption also distorts the way governments use resources and undermines the public’s confidence in institutions.
Bribing, embezzlement, nepotism, and traffic of influence in decision-making processes are some of the typical manifestations of this form of bad government.
Law and Regulation
Over the past 50 years, there has been tremendous progress in improving women's legal rights. Indeed, half of the gaps in women's legal rights to property and equal legal capacity were closed during the period 1960 to 2010 in 100 developed and developing countries, according to two new studies highlighted in the Women, Business and the Law 2014 report, launched on September 24. The challenge now is that some sticky areas persist where laws haven't changed or have even regressed. Tackling these remaining gaps is crucial given that strengthening women's legal rights goes hand in hand with better economic opportunities, health, and education — on top of being an inherent right — points made forcefully in the op.ed. by Sri Mulyani Idrawati, Managing Director of the World Bank.
It is July 2012 and cattle farmers in Nicaragua are worried because Guatemala has enacted a series of laws that restrict beef trade. These so-called “non-tariff measures,” or NTMs, require that beef crossing the Guatemalan border meet stricter safety and labeling standards. The Guatemalan government argues that these measures protect the country’s consumers from health hazards. But the Nicaraguan farmers say they hurt business and unfairly shelter Guatemalan producers from competition.
This is just one example of the debates that arise in the food industry in Central America and elsewhere. While it is laudable and good policy for a government to use legitimate, non-trade related legislation to protect its citizens from certain risks, governments can also use these measures to protect domestic industry. Regardless of their intention, in an increasingly globalized, competitive world, non-tariff measures increase the cost of doing business, impact prices, affect the competitiveness of the private sector, and impact the overall welfare of the economy.
From the World Bank office in Tripoli, Representative Marouane El Abassi outlines his commitment to helping Libya build a new state, with a strategy that ensures the right skills and expertise are delivered at the right time.
(Photo by Chico Ferreira, available under a Creative Commons license - CC-BY-2.0)
- small states
- Small and Medium Sized Entities
- The Croods
- CReCER conference
- Law and Regulation
- Financial Sector
- Latin America & Caribbean
- Virgin Islands, British
- Trinidad and Tobago
- St. Vincent and the Grenadines
- St. Lucia
- St. Kitts and Nevis
- Cayman Islands
- Bahamas, The
- Antigua and Barbuda
I have been somewhat skeptical about the application of impact evaluations to justice reform activities but I’m coming around to their utility for a limited – yet important – set of questions. The basic method behind impact evaluations – establishing a counterfactual in order to attribute net impact – is fairly new to justice so I thought I’d set out some ideas that might be worth considering in developing this nascent field.
This week’s mass demonstrations in Egypt and assassination of an opposition leader in Tunisia -- not to mention the continuing conflict in Syria -- highlight the turmoil and uncertainty facing many countries in the Middle East and North Africa.To track the effects of these and other developments on the economy, the MENA Quarterly Economic Brief provides a real-time review, using high-frequency data, of five countries that are at risk of sluggish economic growth in 2013.
Whether constructing a new bridge or buying textbooks for a public school, governments around the world constantly purchase a wide variety of goods and services. In the countries of the Middle East and North Africa, these types of public contracts represent between 15 percent and 20 percent of GDP each year, an annual amount equal to tens of billions of US dollars.
The fallout from the April 24 collapse of the Rana Plaza building in Dhaka, Bangladesh has had severe domestic and international reactions. The international buyers and governments have responded vehemently to these events. Careful reappraisal of labor issues has been universally identified as a key area of reform. The objective is to ensure workers’ safety and workers’ rights. Poor labor standards can adversely affect Bangladesh’s overall reputation in the exporting sector. The government has been pressured to take a series of measures to improve workers’ safety. Representatives of the Bangladesh government, the European Union and the International Labor Organization met in Geneva on July 8, 2013 to promote improved labor standards and responsible business conduct in Bangladesh’s garment industry. Following up on the commitments made in Geneva, Bangladesh’s legislature recently amended the Bangladesh Labor Law to provide improved protection, in law and practice, for the fundamental rights to freedom of association and the rights to collective bargaining, among others.
Are these good economics and good politics now and in the future?
Peer learning has great potential as an effective tool for sharing knowledge and good practice. For it to work, the right environment is needed; one that is conducive to learning and knowledge-sharing. In a recent case in Georgia, however, it all came down to the right crowd, a great host and relevant experiences. Good food and nice weather may also have helped some.