BizCLIR

Modern Law for Global Commerce

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January 1, 2007

Technical assistance to developing countries can take many forms; harmonization of commercial laws with international best practices being one of them. Many international organizations are active in developing model laws and practices for a plethora of legal subject-matter areas, such as contracts, company law, and insolvency and reorganization. A discussion of technical assistance practices in every area would fill a legal treatise.

Enhancing the Economic Participation

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January 1, 2007

 In light of the varying circumstances of women in Islamic countries, strategies for enhancing their economic participation require a multi-faceted, highly flexible approach. The needs of the illiterate Algerian widow differ considerably from those of the Jordanian businesswoman who needs a loan, and assistance programs should be planned accordingly. Ultimately, however, encouragement of female economic participation should acknowledge a core truth that to date has not been expressly accepted by many individual OIC states or the OIC itself.

Customs and Border Agency Best Practices

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January 1, 2007

Increasingly, a country's ability to compete in the international arena depends on its ability to move goods, people and conveyances across its borders and through its seaports and airports in an efficient, facilitative and secure manner. In the modern global marketplace, emerging and developing economies can only flourish if their commercial enterprises are able to export their products to the world market and to import goods and services without burdensome regulations, procedures, costs and delays.

Moving Towards Growth in a Market Economy

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September 8, 2008

This Commentary presents perspectives on The Growth Report: Strategies for Sustained Growth and Inclusive Development, a report of the international Commission on Growth and Development. It reports that sustained growth is possible for nascent market economies but makes explicit that its studies show that growth requires substantial time periods and active government involvement to develop market institutions and overcome cultural obstacles to establishing relationships that make durable markets possible.

Land tenure and environmental degradation

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January 1, 2007

A recent IFPRI Report, Linkages between Land Management, Land Degradation, and Poverty in Sub-Saharan Africa: The Case of Uganda (http://www.ifpri.org/pubs/abstract/rr159.asp), inspired significant internal discussions at USAID on an interesting and important question: How do issues such as desertification factor into discussions about land? Some have said that the planet loses an area the size of Greece to desertification each year.

Food Security

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January 1, 2007

 Last year's food crisis once again highlighted a disturbing trend: numerous countries simply do not produce enough food to feed their own populations and cannot import enough additional food to fill the gap at affordable prices. What is particularly alarming is that many of these countries once produced far more than they do now: a number are performing well below proven historical capacity.

Enhancing Trade Facilitiation and Market Access

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January 1, 2007

01/01/2007Trade is the crucial driver for economic growth in developing countries. In seeking to expand international trade, it is virtually impossible to underestimate the importance of adopting and implementing international practices in the area of metrology, accreditation, standardization and certification (MAS-Q). These activities provide a vital link to global trade, market access and export competitiveness.

Urgency and Legitimacy

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January 1, 2007

One of the well documented casualties of conflict is the economy. Civil strife - whether war, riots, or even a bloodless coup - inevitably disrupts business activity, sometimes reversing years of steady growth as markets come apart and business interests either flee or reduce their activities. In impoverished countries, of course, the impact is even greater. Because of this impact, reformers in post-conflict societies will often put high priority on rebuilding the commercial sector. Economic growth has been shown to have a stabilizing impact.

Do Legislatures Matter

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July 1, 2010

Scholars have recently demonstrated that political institutions are an important (some would argue the most important) determinant of long-run rates of economic growth. They argue that countries with "broad-based" political institutions are more likely to adopt good economic institutions, such as those that protect property rights and foster a transparent business environment, which, over the long run, contribute to greater levels of national income.

Uses and Abuses of Doing Business Indicators

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January 1, 2007

The World Bank's Doing Business Reports are one of the most exciting developments in years for business environment reforms. Although the rankings can be controversial, they are, in the end, effective at inspiring and prioritizing needed reforms. The use of the indicators, however, is often beset by poor understanding, leading to misuse. Doing Business numbers reflect symptoms of underlying problems, but do not diagnose the actual problems nor the cure. Better understanding of the role of the indicators - and the nature of business - permits more effective reforms

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