During the 1980s, the correction of external imbalances in developing countries was, for the most part, accompanied by large cuts in investment rather than increases in domestic savings. Lower levels of investment were accompanied by lower growth rates. Many heavily indebted and other...

This publication presents an investigation of the relationship between public and private investment and the focus is on the quality of public investment, its interaction with corruption, and the resulting impact on private investment.

This study entails an environmental cost-benefit analysis of a private sector project, using the Kunda cement factory in Estonia as a case study.

Worlwide, evidence is increasing that privatization improves firm performance. But in some institutionally-weak transition economies, ownership change has so far not delivered on its promise. Why? Mass and rapid privatization shcmes turned over mediocre assets to people lacking the incentives,...