Vietnam's young private sector is growing fast. Crucial to this growth has been a policy environment that increasingly recognizes the importance of private entrepreneurship-particularly its potential to help address the country¹s pressing need for significantly increased wage employment...

Between 1983 and 1984, 15 Thai finance companies went under, and many others were distressed. Authorities were faced with the choice of rescuing the troubled institutions or closing them down. Closing an institution is often less costly, financially, than rescuing it. The risk in closing...

The authors evaluate the role of dynamic small and medium-size manufacturing enterprises and entrepreneurs (SMEs) in Colombia's development. They also evaluate SME policy in Colombia, especially as it affects the country's export potential. The SME sector has received little attention from...

It has become increasingly common to allocate highway franchises to the bidder that offers to charge the lowest toll. Often, building a highway increases the value of land held by a small group of developers, an effect that is more pronounced with lower tolls. We study the welfare implications...

Using a cross-section of more than 40,000 manufacturing and services firms in 79 developing countries from the World Bank's Enterprise Surveys Database, this paper assesses how firm location determines the likelihood and extent of exporting in developing countries. Descriptive statistics confirm...