For two decades, the Institute of Economic Affairs (IEA) has played an instrumental role in developing healthy policy discourse, strengthening legislative decision-making, and stabilizing the democratic process in Ghana. As a center for policy analysis and dialogue, the Institute has made profound contributions to the reform process and redirected laws that stood in the way of economic and social freedoms.
For three consecutive years, from 2006 to 2009, the Nicaraguan business community has promoted investment, entrepreneurship, and economic growth by means of a National Business Agenda (NBA). In a country with a history of political polarization, this dialogue on common economic concerns has shaped a path toward better democratic governance.
The Business Principles for Countering Bribery (Business Principles), developed by Transparency International (TI) and Social Accountability International (SAI) in a multi-stakeholder process, have been recognized as a key global anti-corruption standard. The Center for International Private Enterprise (CIPE) provided support for field testing and revisions of the principles, as well as their dissemination internationally.
Focusing on Afghanistan’s development after decades of war, the Center for International Private Enterprise (CIPE) has helped prepare thousands of Afghan youth to participate in the revival of their economy. Back in the 1970s, General Motors published a textbook in Spanish called Empresa: How the Private Enterprise System Works. Its goal was to teach Latin American employees the principles of market economics and free enterprise. Subsequently adopted by the U.S.
Recognizing the importance of the legal framework for Pakistan’s trade bodies, the Center for International Private Enterprise (CIPE) prompted legal reform in 2006 to address the problem of overregulated, inactive chambers of commerce. As in many other countries, Pakistan’s legal system exerted strong influence on the responsiveness of chambers and associations to member needs and the quality of governance in the business community.
From 2004 to 2007, the National Economic Research Center (CIEN) changed the perception of the informal sector in Guatemala and influenced reforms that encouraged business registration and property formalization. Three-quarters of Guatemala’s work force, and the majority of the indigenous population, operated in the informal sector. Because the state was never designed to serve informal sector groups, it excluded them from legal, economic, and policy processes.
After the fall of the Soviet Union, a lack of transparency and accountability in the Armenian fiscal system, together with unclear and duplicative terms of taxation, allowed officials to manipulate the system while placing businesses in constant violation of ambiguous laws. Abuse of tax laws in Armenia seriously impaired the business and investment environment and stalled the democratic process.
Following the Asian financial crisis in 1997, the international community witnessed an emerging focus on corporate governance as a way to guard against further crises. In the Philippines, the Institute of Corporate Directors (ICD) has since become the leading training institution in corporate governance and directorship. ICD developed an innovative scorecard system that establishes uniform standards for companies and motivates continuous improvement.
Public participation is essential to achieving sustainable economic reform in a democratic process. Because the business sector plays a crucial role in growing the economy, representatives of business groups must be included in economic policy deliberations. In Jordan, however, few non-government bodies would bring business concerns to policy debate, or promote an independent and transparent review of policy.
In 2005 the Belarusian business community came together to protect private enterprise and support change through constructive advocacy with the government. Since the mid-1990s, entrepreneurs in Belarus had experienced restrictive legislation and high corruption, and had seen an era of stifled growth due to flawed economic policies and a hostile political environment.
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