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What does firm creation tell us about Europe's recovery from crisis?

March 14th, 2013
in
Douglas Randall A financial crisis is a difficult time to start a business. Credit is tight, demand is low, and the future is uncertain. Even in recovery periods, entrepreneurs may be skittish about making the enormous sacrifices necessary to launch a new enterprise and lenders may be unwilling to lend to new borrowers.

Ukraine Nuclear Safety Upgrade

March 12th, 2013
in
The European Bank for Reconstruction and Development is supporting a comprehensive programme to upgrade the operating nuclear power units in Ukraine. The EBRD will work with Energoatom, which runs Ukraine’s nuclear power plants. More information on this project is available on the EBRD website.… Read more

Bulgaria – Energy Sector Economics behind the Political Turmoil

March 12th, 2013
in
On 20 February 2013 the Bulgarian government resigned amid dramatic street protests sparked at least in part by complaints about high winter utility bills. Even before Government resignation the Prime Minister dismissed the Head of the State and Water Energy Regulatory Commission (DKEVR) and the Minister of Finance in a failed attempt to cool down sentiments in the streets.… Read more

‘Growth Through Innovation’: Toward a Competitiveness Consensus

March 11th, 2013
in
In geometry, three points define a plane. In journalism, three events establish a trend. In public policy, three strategy forums might not conclusively confirm a consensus – but a recent think-tank trifecta suggests that a dramatic change is taking shape in the policy community’s thinking about economic competitiveness.

The Gender Gap in Access to Finance

March 8th, 2013
in
Leora Klapper International Women’s Day is when we celebrate the strides made towards equality, but it also reminds us that gender is a powerful determinant of economic opportunities, particularly in developing countries.  Financial inclusion is one

Is labor productivity lagging despite job growth in Latin America & the Caribbean?

February 28th, 2013
in
As David Francis pointed out in a recent blog, the private sector in Latin America and the Caribbean (LAC) region showed some resilience to the heavy distortions of the recent financial crisis. Latin America’s market economy is working in a way where more productive businesses are able to survive, while less productive firms are exiting the market.

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