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Showing items related by title, author, creator and subject.
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Sovereign Wealth Funds in East AsiaSovereign Wealth Funds (SWFs) have been
 in existence for many decades worldwide, however most SWFs
 in the East Asia and Pacific Region (EAP) are relatively
 new. The emergence of the SWFs in Asia is largely a
 by-product of the strong economic development at East Asian
 countries in the last two decades and the attendant
 accumulation of foreign exchange reserves. However, there
 are other types of SWFs in the region as well. The EAP
 region is an ideal region to take a look at the issues
 surrounding SWFs since Asia has the full range of funds 
 from long-established funds to brand new funds; from passive
 portfolio investors to more aggressive strategic investors;
 from resource-backed funds to foreign reserve-backed funds;
 and, based in the largest, most highly developed economies
 to the smallest, poorest economies in Asia. Therefore, the
 objective of this report is to document the status of
 Sovereign Wealth Funds in the East Asia Region and to
 understand their governance structures. The report will also
 investigate how lack of standardized, long-term financial
 instruments devoted to emerging markets leads funds to leak
 out of the EAP region, an area with significant investment
 needs. It presents facts from publicly available sources on
 their size, institutional structure, and investment operations.
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Middle East and North Africa Economic Developments and Prospects, September 2011 : Investing for Growth and JobsThe report highlights the important links between good governance on a level legal and regulatory playing field, and the ability of investment to stimulate growth. Investment in the Middle East and North Africa (MENA) region has been strong over the last two decades in comparison with Latin America and Eastern Europe. However, in the oil exporting countries, it has been primarily supported by large and expanding public investments. Oil importers, in contrast, have shown more strength in private investment, which has increased in recent years. A concern with reliance on public investment is that in economies with weak governance there is no evidence that public investment stimulates growth. In contrast, in countries with an adequate level of protection of property rights and legal institutions, public investment is strongly linked to growth. The report also makes a strong case for private investment in services and manufacturing as engines of job creation and income growth in the region.
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Labor Market Policy in Developing Countries : A Selective Review of the Literature and Needs for the FutureThis paper presents a selective overview
 of the literature on modeling labor market policies in
 developing countries. It considers welfare economics,
 theoretical models, and empirical evidence to highlight the
 three general features needed in future research on labor
 market policy in developing countries. The author identifies
 desirable research components (welfare economics,
 theoretical modeling, and empirical modeling) and pitfalls
 in the literature (inappropriate use of productivity,
 reliance on wrong kinds of empirical studies, lack of
 cost-benefit analysis, attention to only a subset of the
 goods and bads, and fallacy of composition). The paper
 concludes with suggested topics and methods for future
 research. The author states that sound labor market policy
 requires sound labor market models. The paper makes a case
 for developing policy based on explicit evaluation criteria,
 specific theoretical models, and comprehensive empirical evidence.