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The failure of shock privatization?

Rapid privatization is harmful if you don’t first address institutions. So say Sergio Godoy and Joseph Stiglitz in ‘Growth, Initial Conditions, Law and Speed of Privatization in Transition Countries’:

Private education forum: day two

Yesterday the forum got underway with opening remarks by Mr. Wolfowitz, who drew on his experience as ambassador in Indonesia to focus on poverty and the limited access to education which perpetuates it. He called on the World Bank and the IFC to work together to increase access for the poor, but also to offer quality education and value for students whose families struggle financially to allow them to attend school.

This was followed by an overview of the global trends in this sector and by a presentation on the state of the US private higher education market.

Investment in private education forum

Yesterday the IFC began its second International Forum on Investment in Private Higher Education.  The focus was on innovations in the K-12 subsector and featured five speakers: Carl Bistany, President of Sabis; Raul Mendez, Rector at UNITEC in Mexico; Kagan Kalinyazgan, General Manager of YUCE IT Academy in Turkey; David Copeland, Chairman of Te Ketelpurangi in New Zealand; and Laura Perez, Dean at Technologica  Monterrey in Mexico.

Planners vs. searchers in foreign aid

In this ADB lecture, William Easterly once again criticizes the central planning of the aid industry, and in particular the UN institutions – including the World Bank. He favors a bottom-up approach led by searchers. (He labels us planers.) I agree with some of his arguments, though soon grew tired of this ‘planers vs. searchers’ imagery. What about doers?

Experiments in social entrepreneurship

Wharton hopes to solve thorny development problems by recasting them as business opportunities. Ian MacMillan’s paper “Societal Wealth Creation via Experimental Entrepreneurship” reports on four pilot projects that have received seed funding. As Knowledge-@-Wharton puts it:

New guest blogger: Suzanne Roddis

Today starts the IFC’s three-day International Investment Forum for Private Higher Education. The keynote speaker will be Sir John Daniel (who I bet you didn't know was the first person person to preach in Westminster Abbey from a laptop computer).