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The story of how Spain transitioned from a military dictatorship to a situational monarchy with a Parliamentary democracy is widely known. This paper scrutinizes the deeper process: how Spain developed its national institutions to build…
The Overseas Private Investment Corporation (OPIC), the US government’s developmental finance arm, mobilizes private capital to simultaneously solve global challenges and advance US foreign policy. This note considers how OPIC helps US businesses unlock emerging…
How did Himachal Pradesh evolve to become one of India’s wealthiest states, with low poverty levels and above-average literacy? The prospect appeared unlikely when 30 princely Hill states merged to form a state characterized by…
Small and medium-sized enterprises (SMEs) in emerging and transition markets often struggle to attract capital, although SMEs typically generate countries’ largest source of employment, goods and services. Small Enterprise Assistance Funds (SEAF) provides such enterprises…
This note reviews special economic zones, the variety of fiscal and economic regimes that govern them, and the potential they offer governments. It considers how they can stimulate foreign investment, regional development, technology transfer, foreign…
The Homestrings investment firm raises equity and debt capital to target emerging and frontier markets. It aims to offer diaspora populations from the developing world access to funds and projects with development potential that were…
Recommendations from the World Economic Forum Global Agenda Council on Fragile States The citizens of fragile states are not waiting for change; they now take to the streets demanding inclusion in decision-making and marketplace opportunities.…
Confronted by set of deeply entrenched obstacles, the government of Bihar adopted a carefully structured approach to state-building. In this paper we assess the measures it took to consolidate the rule of law, build key…
How did Singapore transform itself from a breakaway island state few considered viable, wracked with ethnic tension, political and economic problems, to a thriving economic hub and global financial center? Which areas of economy and…
Despite Nepal’s economic potential, disagreement on forming an enabling environment for business is entrenching informal and corrupt rules. This impedes licit businesses, restricting trade and investment. This article proposes how the government should partner with…
Consensus is emerging on the centrality of state-building to development. At an operational level, however, the differing mandates and priorities of different donors are resulting in fragmented approaches – increasing the strain on already fragile…
Stagnating agriculture and a declining textiles sector characterized the Gujarati economy on its 1960 creation. Poor quality infrastructure compounded the challenge. We look at the five major market-building strategies it adopted to combine investment focus…