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business environment

Remittances: a tool for reducing poverty

Remittances The poverty-reducing impact of remittances can be enhanced by policy changes in both the migrants’ countries of origin - mostly developing countries - and their new home countries.

Measuring indicators with impact

The Economist has a large and very interesting piece on the migration of World Bank thinking towards recognising that 'institutions' are important.

Part of the difficulty, as Dani Rodrik of Harvard University points out, is that typical measures capture institutional outcomes, not institutional forms. The “rule of law”, for example, measures how secure an investor feels about his property. It tells us little about precisely what makes him feel that way.

Red-tape makes UK restaurants better

Food2 In the latest issue of Forbes Richard Karlgaard lets us know that the word “entrepreneurs” comes from France. So perhaps fittingly the high levels of red-tape in France are to blame for the improved London dinning scene:

Enact PSD reforms, visit the White House

Vietnam’s PM met with Bush yesterday at the White House. The Wall Street Journal makes the point that this meeting would not have been possible if it weren’t for the success of Vietnam’s recent economic reforms. They praise the role of the private sector:

The socio-economic impact of mobile phones

As an update to a previous post, the World Bank has made the video and materials from their recent event on “The Socio-Economic Impact of Mobile Phones in Africa” available on-line. This event occurred the day after the AEI event previously discussed. Judge for yourselves which one was better. It would be interesting to see if the presentations changed much in light of the different audiences?

Regulation that's good for competition

Poor regulation is the main factor limiting productivity and growth in economies all over the world, particularly in developing countries - this according to the latest research by the McKinsey Global Institute. The solution: regulators need to protect people, not jobs, and stop the practice of trying to pick winners.

“A better investment climate for everyone”

The March edition of Development Outreach focuses on the importance of improving the investment climate in order to achieve long-term sustainable growth. The volume is an excellent synthesis of current thinking, discussing everything from growth strategies to corruption and creative destruction.

The importance of facilitating business registration: growth!

The World Bank has launched a new online discussion on “How to Streamline Business Registration.”

International public opinion, and research such as the World Bank’s Doing Business Project, have agreed to gripe about red tape and the fact that it takes over 200 days to incorporate a business in some countries. But what is the best way to go about this?

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