The objective of this policy note on
land is to assist the Government of Moldova in improving the
effectiveness of land management in agriculture, with a view
to enhancing the sector's contribution to
Moldova's economic growth and poverty reduction
objectives. The note reviews the progress that has been
made to date on land reform in Moldova, and provides
rigorous economic analysis of the impacts of the reforms and

This document presents the recently
elected Colombian administration with a set of policy notes
meant to enrich the debate around critical issues affecting
the country's development. These notes build mostly
upon existing research and represent the Bank's
independent view on topics which are either at the crux of
ongoing policy discussions or merit a more prominent place
in this dialogue. This window of opportunity provides a very

Lao PDR economic performance has
continued to improve during 2006. Real GDP grew at 7.0
percent in 2005 and is now expected to be slightly higher at
7.3 percent in 2006. This growth is in large part due to
foreign investment inflows in mining and hydro-power and
growing mineral exports, but the share of non-mining
contributions has increased this year, reaching 4.9 out of
7.3 percent. Agriculture, manufacturing and services sectors

Household fuel choice in the past, has
often been analyzed and understood through the lens of the
energy ladder model. This model places relatively heavy
emphasis on household fuel switching in response to rising
incomes. This report views energy use through a household
economics framework. The household economics framework
clarifies that, in addition to income and market prices, the
opportunity costs of firewood collection also need to be

The market system consists of a price
mechanism, built on the foundation of a system of property,
and contract. In many developing, and transition economies,
the market system functions poorly. In many cases, if not
most, the malfunctioning is not simply in the price system
(for example, anti-competitive activities), but in the
underlying property system (such as contracts being
breached, and externalities in the sense of transfers not

Are the household characteristics that
are good for transition to a more diversified
market-oriented development process in Vietnam also
important for reducing poverty? Or are there tradeoffs? The
determinants of both poverty incidence and participation in
rural off-farm activities are modeled as functions of
household and community characteristics using comprehensive
national household surveys for 1993 and 1998. Despite some

In a globalizing world, cities at or
near the apex of the international urban hierarchy are among
the favored few--New York, London, and Tokyo--that have
acquired large economic, cultural, and symbolic roles. Among
a handful of regions that aspire to such a role--such as
Hong Kong, Miami, and Sao Paulo--Shanghai has reasonable
long-term prospects. If the Chinese economy can sustain its
growth rate, it will rival the United States in a few

While liberalizing key factor markets is
a crucial step in the transition from a socialist
control-economy to a market economy, the process can be
stalled by imperfect information, high transaction costs,
and covert resistance from entrenched interests. The authors
study land-market adjustment in the wake of Vietnam's
reforms aiming to establish a free market in land-use rights
following de-collectivization. Inefficiencies in the initial

This report shows that some investors
still perceive Aceh as a risky place to do business, despite
being relatively peaceful for almost four years. Security
incidents, relatively common in post-conflict environments,
deter businesses and individuals from investing in Aceh,
robbing the economy of necessary capital and innovation.
Other consequences of the conflict, including forms of
illegal taxation, also hurt investment. The Government of

The dramatic increases in world food and
fuel prices during 2007 and early 2008 may set back
Mozambique's considerable advances in poverty reduction
during the past decade. This study assesses the impact of
higher fuel and food prices at both household and
macroeconomic levels, and also considers policy options to
mitigate some of the negative impacts of higher prices.
Rising world prices certainly represents a negative

This Investment Climate Policy Note
(ICPN) for Sierra Leone evaluates the country's
business environment by: (i) analyzing barriers to private
sector investment and growth and how they vary among
different types of firms; (ii) benchmarking Sierra
Leone's investment climate and firm performance to that
of other countries; and (iii) providing recommendations to
promote and strengthen the private sector. The ICPN is

The World Bank's revised forest
policy came into being in 2002 and covers all types of
forests. It has the following key objectives: (i) harnessing
the potential of forests to reduce poverty in a sustainable
manner; (ii) integrating forests effectively into
sustainable development; and (iii) protecting vital local
and global environmental services and values. The policy
enables the bank to fully engage in forestry throughout the