Jessica Einhorn, the former World Bank Managing Director, comments on the future of the World Bank Group.
The Austrian Economists point us to this paper by Frederic Sautet on ‘The Role of Institutions in Entrepreneurship: Implications for Development Policy.’
How does bribery affect public service delivery? That is the question that Daniel Kaufmann, Judit Montoriol-Garriga and Francesca Recanatini ask in their most recent paper:
If childbirth is a miracle of nature, then the thriving, honestly run network of clinics and hospitals here is a human marvel, managed not by the government but by one of the nonprofit groups it has hired to run entire public health districts.
…These contracted services have allowed international donors and concerned governments to cut through dysfunctional bureaucracies - or work around them, and to improve health care and efficiency at modest cost.
The Wall Street Journal has a summary in today’s paper on the growth of private for-profit microfinance funds.
Investors can choose among a variety of new investment vehicles, including equity and debt investment funds; bond-like securities that are ultimately backed by thousands of tiny loans and so-called loan-guarantee funds where, in some cases, participants lend their creditworthiness rather than cash.
BusinessWeek claims that it is getting easier for small entrepreneurs to do business in China. Some highlights from their new special report: