International competition policy and economic development

During the past half century many nations have adopted policies whose function is to discourage cartels and other restrictive practices. Industrialized nations led the movement toward pro-competition policies, but more recently, developing nations have begun to join the parade. Initial steps have also been taken toward the implementation of competition policies spanning national borders, and proposals for their extension have been made. This paper analyzes the consequences national and international competition policies would have for developing nations. Topics covered include the dependence of LDCs on cartelized commodity exports, the terms on which intermediate goods and technology are imported by LDCs, access to the markets of industrialized nations, the consequences of substituting predatory pricing standards for the criteria traditionally used to combat dumping in international trade, and the links between domestic and international market structure and the absorption of advanced technology. --

Freedom of Information versus National Sovereignty: The Need for a New Global Forum for the Resolution of Transborder Date Flow Problems

This Note argues that the issues raised by transborder data flow restrictions must be dealt with on a global scale, not on a national basis. Part I of this Note discusses the international legal principles underlying the concept of freedom of information and the legal difficulties presented by the imposition of transborder data flow restrictions. Part II analyzes the perception among developing nations that sovereign rights are threatened by an unrestricted flow of information and discusses the measures developing nations are implementing to control this perceived threat. Part III analyzes several approaches suggested for dealing with the problems of transborder data flow restrictions and argues that a new international forum must be created to constructively address the legitimate concerns of the developing nations. This Note concludes that since the effective demise of Unesco, progress must be made toward creating a viable international forum to address the multilateral concerns over transborder data flow restrictions

The Essence of Enterprise Risk Management in Today’s Business Enterprises in Developed and Developing Nations

Risk as expected is not that fearsome matter, although it may keep management awake at night; revenue would not be possible without it. Enterprise Risk Management at basics is broadly portrayed as structure of handling and managing risk across an organization. The key concern of this research is to investigate the ERM. The findings highlight that there are very few enterprises from developing nations which are into ERM while the developed nations’ enterprises are huskily and vigorously involved in it and this gap is due to the lack of awareness and serious concerns for value maximization of enterprise share holders in developing nations.Risk, Enterprise Risk Management, Financial Institutions, Developed Nations, Developing Nations

Proliferation of globalization and its impact on labor markets in advanced industrial nations and developing nations

The purpose of this paper is to provide insights into how the proliferation of globalization has impacted labor markets both in a advanced industrialized nations and well as developing nations. Insightful analysis will be drawn from Oatley (2011) on division of labor, Jaumotte & Tytell (2007) on labor compensation, Hahn & Narjoko (2013) on the impact on South Asian Countries, Basu (2016) on wage as a share of GDP and Wallace, Gauchat & Fullerton (2011) on the impact of globalization and labor markets on inequality

Transaction Structures in the Developing World

While variations in public securities markets across nations have attracted increasing scrutiny, private financings have received little attention. But in developing nations, the bulk of financings are private ones. This paper analyzes 210 private equity transactions in developing countries. We find that unlike in the U.S., where convertible preferred securities are ubiquitous, in developing nations a much broader array of securities are employed and private equity investors often have fewer contractual protections. The choice of security appears to be driven by the legal and economic circumstances of the nation and the private equity group. Investments in common law nations are structured similar to those in the U.S., being less likely to employ common stock or straight debt, and more likely to use preferred stock with a variety of covenants. By way of contrast, in nations where the rule of law is less established, private equity groups are likely to use common stock and own the majority of the firm's equity if the investment encounters difficulties. Private equity groups based in the U.S. and U.K. rely more on preferred securities but also adapt transactions to local conditions. These contractual differences appear to have real consequences: larger transactions with higher valuations are seen in common law countries. These findings suggest that the structure of a country's legal system affects private contracts and cannot easily be undone by (bi-lateral) private solutions.

The limits of technology: achieving transport efficiency in developing nations

Emissions from the transport sector represent the fastest growing source of greenhouse gas emissions. There is little prospect that this situation will be resolved with a single technological fix. As developing nations quickly move to catch up with the motorisation levels of developed nations, the sheer number of private vehicles on the roadways will overwhelm any advances made by cleaner fuels. By the year 2030, there is projected to be more vehicles in the developing world than in developed nations. However, most developing cities today still have the basis for a more sustainable future. Public transport and non-motorised transport (walking and cycling) still command a dominant share of travel in developing cities. Thus, a key objective for local and international initiatives is to preserve existing mode shares. Unfortunately, most investment in reducing transport emissions relies exclusively upon achieving costly reductions only through fuel and propulsion system technologies. Bogotá (Colombia) represents one of the best examples of a city that has developed a package of complementary measures to substantially reduce vehicle emissions and congestion. Bogotá’s implementation of a high-quality bus rapid transit (BRT) system, bicycle infrastructure, pedestrian improvements, car-free events, and auto restriction measures all have contributed to an urban transformation in a period of just a few years. Initial projections of greenhouse gas reductions during the first 30 years of the BRT system’s operation indicate reductions of approximately 14.6 million metric tons of CO2 equivalents. This research presents a framework for evaluating the greenhouse gas emission reductions in the transport sector. This framework highlights three principal areas of emission reduction potential: 1.) Mode share (behaviour); 2.) Distance travelled (land-use/design); and 3.) Fuel efficiency (technology). Only by addressing all three components an optimum transport energy path can be achieved

Role of the developing nations in the development and optimal use of space technology

The economic and social factors are discussed which play a role in the advancement of space technology in developing nations. It is concluded that mutual collaboration between developed and developing nations is the basic element which will allow developing nations to take part in space experiments and research

"Institutions and the Impact of Government Spending on Growth"

This paper reports the results of a study of the impact of government expenditures on economic growth, emphasizing how government effectiveness in developing nations influences the productivity of government spending. The effects of categories of government spending on growth are also examined. No significant positive effects are found for defense, education and health variables. Consumption expenditures have negative growth effects in developed and developing nations, with a more detrimental impact in developing nations with ineffective governments. Developing nations with ineffective governments benefit from capital expenditures. To stimulate growth, developing nations should limit their governments’ consumption spending and invest in infrastructure.Government spending, Institutional Quality, Economic Growth

First Nations Child and Family Services and Indigenous Knowledge as a Framework for Research, Policy and Practice

This paper provides an overview of the exciting national developments in First Nations child and family service delivery in Canada with a focus on progressive research, policy and practice. Examples of how traditional concepts of interdependence and the holistic worldview inform program design and delivery within First Nations communities are reviewed. In addition, the paper introduces the mandate, strategic directions and services of the First Nations Child and Family Caring Society of Canada. This national organization brings together the 105 First Nations Child and Family Service Agencies in Canada to share best practices, develop professional development programs and conduct research. Emerging policy and research programs within the society are highlighted. FNCFCS, with the generous support of the Voluntary Sector Initiative, will be developing resources and programs to foster effective policy making and program design between First Nations child and family service programs, the public, private and voluntary sectors. These programs are intended to enhance interdisciplinary cooperation and practice in order to meet the needs of First Nations children, families and communities. Special emphasis is also be placed on the First Nations research agenda and the associated steps to increase research capacity within First Nations communities through the Health Canada Child Welfare Centre of Excellence First Nations Research Site in Winnipeg Manitoba

Further evidence on the link between finance and growth: An international analysis of community banking and economic performance

We seek to contribute to both the finance-growth literature and the community banking literature by testing the effects of the relative health of community banks on economic growth and investigating potential transmission mechanisms for these effects using data from 1993–2000 on 49 nations. Data from both developed and developing nations suggest that larger market shares and higher efficiency rankings for small, private, domestically owned banks are associated with better economic performance, and that the marginal benefits of larger shares are greater when the banks are more efficient. Only mixed support is found for hypothesized transmission mechanisms through improved financing for SMEs or greater overall bank credit flows. The data from developing nations is also consistent with favourable economic effects from foreign-owned banks, but unfavourable effects from state-owned banks.banks, community banking, SMEs, financial development, economic growth, international