Privatization can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised ; in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management.
The European Bank for Reconstruction and Development is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies.
Land reform is a form of agrarian reform involving the changing of laws, regulations, or customs regarding land ownership. Land reform may consist of a government-initiated or government-backed property redistribution, generally of agricultural land. Land reform can, therefore, refer to transfer of ownership from the more powerful to the less powerful, such as from a relatively small number of wealthy or noble owners with extensive land holdings to individual ownership by those who work the land. Such transfers of ownership may be with or without compensation; compensation may vary from token amounts to the full value of the land.
Good governance is the process of measuring how public institutions conduct public affairs and manage public resources and guarantee the realization of human rights in a manner essentially free of abuse and corruption and with due regard for the rule of law. Governance is "the process of decision-making and the process by which decisions are implemented ". Governance in this context can apply to corporate, international, national, or local governance as well as the interactions between other sectors of society.
The Edmund A. Walsh School of Foreign Service (SFS) is the school of international relations at Georgetown University in Washington, D.C. It grants degrees at both undergraduate and graduate levels.
A transition economy or transitional economy is an economy which is changing from a centrally planned economy to a market economy. Transition economies undergo a set of structural transformations intended to develop market-based institutions. These include economic liberalization, where prices are set by market forces rather than by a central planning organization. In addition to this trade barriers are removed, there is a push to privatize state-owned enterprises and resources, state and collectively run enterprises are restructured as businesses, and a financial sector is created to facilitate macroeconomic stabilization and the movement of private capital. The process has been applied in China, the former Soviet Union and Eastern bloc countries of Europe and some Third world countries, and detailed work has been undertaken on its economic and social effects.
State-building as a specific term in social sciences and humanities, refers to political and historical processes of creation, institutional consolidation, stabilization and sustainable development of states, from the earliest emergence of statehood up to the modern times. Within historical and political sciences, there are several theoretical approaches to complex questions related to the role of various contributing factors in state-building processes.
Corruption is a form of dishonesty or a criminal offense which is undertaken by a person or an organization which is entrusted in a position of authority, in order to acquire illicit benefits or abuse power for one's personal gain. Corruption may involve many activities which include bribery, influence peddling and embezzlement and it may also involve practices which are legal in many countries. Political corruption occurs when an office-holder or other governmental employee acts with an official capacity for personal gain. Corruption is most common in kleptocracies, oligarchies, narco-states, and mafia states.
Based on a long-standing research program of the World Bank, the Worldwide Governance Indicators capture six key dimensions of governance between 1996 and present. They measure the quality of governance in over 200 countries, based on close to 40 data sources produced by over 30 organizations worldwide and are updated annually since 2002.
Daniel Kaufmann is the president emeritus of the Natural Resource Governance Institute (NRGI), which resulted from the merger of the Revenue Watch Institute – Natural Resource Charter. He is also a nonresident senior fellow at the Brookings Institution, where he was previously a senior fellow, and until July 2019 served in the international board of the Extractive Industries Transparency Initiative and in a number of advisory boards on governance, anti-corruption and natural resources and has also been in high-level expert commissions such as at the Organisation for Economic Co-operation and Development, the Inter-American Development Bank and the Mo Ibrahim Foundation. Prior to that, he was a director at the World Bank Institute, leading work on governance and anti-corruption. He was also a senior manager and lead economist at the World Bank, writing and working on many countries around the world, and was a visiting scholar at Harvard University. He has also served in other boards and councils in the past, including at the World Economic Forum.
This article is about the economics of corruption. If you wanted to read about corruption in general, visit article about corruption.
Civil service reform is a deliberate action to improve the efficiency, effectiveness, professionalism, representativity and democratic character of a civil service, with a view to promoting better delivery of public goods and services, with increased accountability. Such actions can include data gathering and analysis, organizational restructuring, improving human resource management and training, enhancing pay and benefits while assuring sustainability under overall fiscal constraints, and strengthening measures for performance management, public participation, transparency, and combating corruption.
Michał Rutkowski is a Polish economist and a World Bank Regional Director for Human Development in the Europe and Central Asia region of the World Bank. Before July 1, 2023, he was Global Director for Social Protection, and Jobs in the World Bank. Before this position, he was Director for Multilateral Organizations (2015–16), and earlier he was World Bank Country Director for the Russian Federation and a Resident Representative in Moscow (2012–15). He is a former Director for human development in the South Asia region of the World Bank. He is the highest-ranked Polish official at the World Bank headquarters in Washington, DC, and also a former Director of the Office for Social Security Reform in the Government of Poland (1996–97), as well as a co-author of the design of the new Polish pension system. A graduate of the Warsaw School of Economics, with post-graduate studies at the London School of Economics (1989–90) and Harvard Business School (1999). Before joining the World Bank in 1990 Rutkowski was an assistant professor at the Warsaw School of Economics and did research work in the area of labor economics, macroeconomics, education, business development and productivity in the Centre for Labour Economics and the Centre for Economic Performance at the London School of Economics. As a member of the secretariat of the Consultative Economic Council to the Polish government he also advised on early issues of economic and social transition to a market economy in Poland. He was also involved in interdisciplinary development endeavors as a member of the Polish Association for the Club of Rome and the British Association for the Club of Rome.
Gerd Nonneman is a Professor of International Relations and Gulf Studies at the School of Foreign Service at Georgetown University's campus in Qatar, where he served as Dean from 2011 to 2016. Before joining Georgetown University, he held the Al-Qasimi Chair in Gulf Studies, and a Chair in International Relations and Middle East Politics, at the University of Exeter. He is a former Director of the Institute of Arab and Islamic Studies (IAIS) and of the Centre for Gulf Studies (CGS) at that university. He is also a former Executive Director of the British Society for Middle Eastern Studies (BRISMES).
The Business Environment and Enterprise Performance Survey (BEEPS) is an extensive economic survey undertaken as a joint initiative of the World Bank and the European Bank for Reconstruction and Development.
Masahiko Aoki was a Japanese economist, Tomoye and Henri Takahashi Professor Emeritus of Japanese Studies in the Economics Department, and Senior Fellow of the Stanford Institute for Economic Policy Research and Freeman Spogli Institute for International Studies at Stanford University. Aoki was known for his work in comparative institutional analysis, corporate governance, the theory of the firm, and comparative East Asian development.
State capture is a type of systemic political corruption in which private interests significantly influence a state's decision-making processes to their own advantage.
Erik Berglöf is a Swedish economist, currently the Chief Economist of the Asian Infrastructure Investment Bank (AIIB), the Beijing-based multilateral development bank established in 2016 with a mission to improve social and economic outcomes in Asia. In March 2019 Erik Berglöf was appointed to the European Council's High Level Group of Wise Persons on the European financial architecture for development where Berglöf and eight other economists will suggest changes to the EU's development finance structure. In 2017–2018 Erik Berglöf served on the secretariat of the G20 Eminent Persons Group on Global Financial Governance and on the Governing Board of the Institute for New Economic Thinking in New York.
Giorgi Vashadze is a Harvard Business School Executive Education alumnus, Georgian politician and international policy expert who served as a member of the Parliament of Georgia from 2012 to 2016. He is a founder and international key expert of Innovation and Development Foundation (IDF), international think-tank that is committed to design public policy solutions and reform packages. In May 2016, Giorgi Vashadze founded a political party ‘Political Platform - New GeorgiaArchived 2020-08-10 at the Wayback Machine’. He is also a founder of Computer Literacy Foundation that was established in 2012 and Georgia Reforms and Partnership Enterprise (GRAPE). Giorgi Vashadze previously served as a Deputy-Minister at the Ministry of Justice between 2010 and 2012, and a Chairman of Civil Registry Agency from 2006 to 2010.
The Bertelsmann Transformation Index (BTI) is a measure of the development status and governance of political and economic transformation processes in developing and transition countries around the world. The BTI has been published biennially by the Bertelsmann Stiftung since 2005, most recently in 2022 on 137 countries. The index measures and compares the quality of government action in a ranking list based on self-recorded data and analyzes successes and setbacks on the path to constitutional democracy and a market economy accompanied by sociopolitical support. For this purpose, the "Status Index" is calculated on the general level of development with regard to democratic and market-economy characteristics and the "Management Index" on the political management of decision-makers.
