This paper develops a framework and some
hypotheses regarding the impact of local-level, informal
legal institutions on three economic outcomes: aggregate
growth, inequality, and human capabilities. It presents a
set of stylized differences between formal and informal
legal justice systems, identifies the pathways through which
formal systems promote economic outcomes, reflects on what
the stylized differences mean for the potential impact of

This paper revisits the institutional
determinants of foreign direct investment (FDI) using a
comprehensive new data set on the regulations that govern
FDI in more than 80 countries. It exploits the presence of
confirmed zero investment flows between countries to
estimate productivity cut-offs of firms that invest abroad
profitably. This approach corrects likely biases arising
from firm heterogeneity and country selection in a

The study provides policy
recommendations to increase the productivity of micro and
small firms in Bolivia and to provide incentives for firms
to formalize based on a fresh understanding of firms
behavior regarding formality, productivity, and
profitability. The study draws upon a new qualitative
analysis based on focus group interviews and a new
quantitative survey of 640 firms in six industries. The

This document presents the main findings
of the Guyana Investment Climate Survey (ICS) conducted
between November 2004 and March 2005. The ICA report
provides an evaluation of different aspects of the
environment of doing business in Guyana. It covers
governance-related obstacles, labor and technology issues,
the financial sector, and infrastructure. The ICA is based
on the results of the World Bank Guyana Investment Climate

What drives growth at the microeconomic
level? The authors divide the factors that determine a
location's growth performance into two groups,
"1st advantage" and "2nd advantage." The
term 1st advantage refers to the conditions that provide the
environment in which new activities can be profitably
developed, including most of the factors on which
traditional theory has focused, such as access to inputs

Despite fiscal and administrative
reforms pursued by the Government of Madagascar since the
mid 1980s, to prod economic and financial liberalization,
contributing to steady GDP growth rates, manufacturing
production however, still represents a relatively small
share of value added. And, the development of
import-substituting (IS) firms has been considerably slower,
showing stagnating signs as these firms are unprepared for

The people of Swaziland are its greatest
resource. Yet, social and economic indicators of household
welfare converge to confirm fundamental inequalities in
access to incomes and assets, and the existence of
significant poverty and deprivation. Furthermore, as the
regional economic and social climate is transformed, the
fragile gains of the past are being fast eroded. At this
historic juncture, the Swazi poor need to come to the fore

La tierra es uno de los sustentos de la cultura, así como de la propia existencia de los pueblos indígenas. La tierra está dotada de valores simbólicos más allá de ser una propiedad. Por eso es un símbolo de la lucha indígena por la auto preservación y la  autodeterminación. Luchar por la tierra, va más allá que el espacio territorial en sí. Simboliza la preservación de la existencia de los diversos pueblos indígenas.

 * Alipio Valdez
El Gran Chaco Americano es una región extensa, ubicada en la parte sur del continente, compartida por cuatro países de América: Argentina, Paraguay, Bolivia y una pequeña parte de Brasil. Tiene una extensión de 1.000.000 km2, con un ecosistema muy frágil y el segundo más importante del continente americano.

Fiscal instruments are tools that governments use to manage revenue and expenditure and therefore influence the growth (or stability) of the various sectors of the economy. Government revenue is derived primarily through taxation. In Kenya, land taxation has contributed less than 1% of government revenue for the past three years. The Sessional Paper No.

THE COMMUNITY LAND ACT No. 27 of 2016

Date of Assent: 3lst August,2016

Date of Commencement : 2 I st September, 201 6