|The forum works through eight working groups that meet regularly to discuss issues such as tax and law, export, and tourism.|
Private Sector Development
|The poor need to be empowered, and solutions have to be designed by them. Community organization, a difficult yet key element to successful slum upgrading, is often successfully carried out.|
|A large number of export-oriented processing firms have already closed in Guangdong, the heart of China’s export machine. Image credit: lylevincent at Flickr under a Creative Commons license.|
Entrepreneurs and local officials here are certainly aware that demand for China’s exports has dropped sharply, and they wonder when the global economy will pick up again. Still, at the same time I was impressed at how many see this as an opportunity for China to pursue its rebalancing agenda. These discussions took place at a workshop in Jiangmen on Investment Climate, Innovation, and Industrial Transfer. The phrase “industrial transfer” refers to the fact that the most labor-intensive activities are moving away from the highly successful coastal cities, either to inland China, or other countries (Vietnam, Bangladesh) with lower wages.
On Thursday, October 30, at 2 p.m. Washington time, Second Life users will be able to learn the results of the Doing Business 2009 report when it is launched on this island. Doing Business, a report published by the World Bank and the International Finance Corporation, ranks economies around the world based on how easy it is to do business, considering the level of laws and regulations in a region. The report aims to improve business environments, in part through dialogue and reform.
Thirty African officials visited China for 12 days in May on a pilot South-South knowledge exchange organized by the Chinese government with assistance from the World Bank. My colleague, Phil Karp, has written about the program, including the study tour around China that he accompanied. I met the officials in Beiji
A few weeks ago I wrote that “many perceive NT2 to be a World Bank hydropower project. From my perspective, that’s inaccurate in every respect. More on that in a future posting.” Following intense pressure from my reading public (thanks, Nanda), it’s time to explain what I meant.
The Grassroots Business Initiative (GBI) is the brainchild of the World Bank Group’s International Finance Corporation (IFC). Launched in 2004, the GBI supports innovative social enterprises – dubbed Grassroots Business Organizations (GBOs) – that directly engage the poor as
The IFC's Rapid Response Unit that is behind the successful Doing Business map has expanded on it and created Business Planet, adding info from their other databases: enterprise surveys (70,000 firms in 104 countries), privatization transactions, and trends in private infrastructure projects.