In this policy brief, we review the laments of Caribbean businesspersons. We find that subjective perceptions are rooted in an objective reality. Businesspersons do not complain gratuitously. Furthermore, we find that constraints vary systematically by firm characteristics: In general, small...

This paper studies the proposition that capital inflows tend to take the form of FDI -i.e., the share of FDI in total liabilities tends to be higher- in countries that are safer, more promising and with better institutions and policies. It finds that this view is patently wrong since it stands...

This presentation discusses the use of incentives to foster innovation in the private sector. It includes a discussion of supporting and funding R&D in the business sector; the use of tax incentives for R&D; and a comparison of other financing instruments. This presentation was presented at the...

This presentation discusses the use of incentives to foster innovation in the private sector. It includes a discussion of supporting and funding R&D in the business sector; the use of tax incentives for R&D; and a comparison of other financing instruments. This presentation was presented at the...

The Bank expanded its housing finance activities in the 1990s, shifting its support toward sector reforms that increase the capacity of housing finance and delivery mechanisms to cater to the needs of low-income households. The present publication examines Bank experience in housing, draws...

The search for solutions to urban and social problems prompted by informal settlements is gaining importance in the development agenda of most large cities in Latin America. Nearly 60 percent of the population lives in informal, often centrally located settlements.