End poverty. End Hunger. Provide full employment. These are just three of the items on humanity’s greatest wish list — the new sustainable development goals, expected to be finalized by the United Nations this fall. It is impossible to imagine coming close to achieving these goals, and the 14 others, without the private sector. With […]
Shifting Capital Flows
Toward a Migration Development Bank for Transition Economies
Labor migration and remittances may bring positive economic effects to developing countries. This is the case particularly in countries like those in Eastern Europe and Former Soviet Union members where remittances constitute high shares of foreign-currency revenues and GDP. There is nevertheless clear evidence of an untapped development potential associated with those flows of labor […]
Iran and China Signed Goods-for-Oil Trade Agreement: Mehr News
Iran receives goods, services as payment for 65% of oil it sells to China, which pays cash for remaining 35%, Mehr news agency reports, citing Asadullah Asgarolladi, head of Iran-China joint chamber of commerce. Continue reading at: Bloomberg Business
What Happens When Everyone Is a Chinese Stock Market Genius
A customer strolls into a bookstore, goes the popular Chinese joke, and tells the salesperson: “I’m looking for a book with no killers, but much bloodshed; with no love, but great regret; with no spies, but constant paranoia. Can you make a recommendation?” Just one, the salesperson replies: The State of the Chinese Stock Market. […]
Nigeria’s Renewed Hope for Democratic Development
When the Union Jack was lowered in Nigeria on October 1, 1960, the potential of Africa’s most populous nation seemed boundless—and that was before its abundant reserves of petroleum and natural gas were fully known. However, Nigeria has since underperformed in virtually every area. A massive fuel shortage, just days before the historic change in […]
Development in Private Sector Engagement in Developing Countries
This month marks the 70th anniversary of Victory in Europe Day—when Nazi Germany surrendered to the allied powers and World War II ended in Europe. This occasion is an important opportunity to reflect on how the postwar reconstruction plan shapes our current model of economic engagement with the developing world and to consider expanding the […]
BRICS Resolve to Ensure Food Security Solution by December 2015
BRICS members, including India and China, today resolved to ensure conclusion of negotiations for a permanent solution for public stock-holding of foodgrains under the WTO by December, 2015. “We reaffirmed our commitment to work together to negotiate and make all concerted efforts to agree and adopt a permanent solution to the issue of public stock-holding […]