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

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 examines three systems of
courts of justice, each in a different country in the region
of South Pacific islands known as Melanesia, where state
legal systems have been adopted from former European
colonial governments. The systems discussed are, by
comparison, 'hybrid', each of them having been
established with the intention of addressing disputes among
small-scale social groups by less formal means or by taking

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

Malawi is a land-locked country. It is
bordered by Zambia to the north-west, Tanzania to the north
and Mozambique, which surrounds it on the east, south and
west. This Report provides a detailed assessment of the
Anti-Money Laundering AML/Combating the Financing of
Terrorism CFT measures in place in Malawi as of May 11,
2008, two months after completion of the on-site mission. It
describes analyses and makes an assessment of the measures

The note is designed to assist Bank task
teams, working together with their country counterparts, who
may have varying levels of experience with promoting the
Rule of Law (ROL); some would be familiar with the African
context but not ROL, and for others, vice-versa. This note
may also represent a first introduction to ROL reform; for
those who have worked on such projects in the past, it
should supplement existing knowledge about this emerging

Expert statements indicate that annually
approximately 20 billion dollars will be needed to prevent
90 percent deforestation in tropical countries. Development
practitioners are eager to see the benefits from REDD plus
initiatives shared with local partners. Equally important to
understanding how local partners might benefit are questions
such as, who should derive benefits from REDD plus
initiatives, and how to ensure these initiatives reach the

Theft of public assets from developing
countries is an immense problem with a staggering
development impact. These thefts diverts valuable public
resources from addressing the abject poverty and fragile
infrastructure often present in such countries. Although the
exact magnitude of the proceeds of corruption circulating in
the global economy is impossible to ascertain, estimates
demonstrate the severity and scale of the problem at $20 to

Using a newly compiled database of
women's property rights and legal capacity covering 100
countries over 50 years, this paper analyzes the triggers
and barriers to reform. The database documents gender gaps
in the ability to access and own assets, to sign legal
documents in one's own name, and to have equality or
non-discrimination as a guiding principle of the
country's constitution. Progress in reducing these

Justice interventions in Solomon Islands
over the last decade have focused largely on assisting
Honiarabased state institutions in the form of a variety of
capacity-building programs. This has included a heavy
reliance on expatriate expertise positioned in central
justice agencies. The National Judiciary has benefited
significantly from this support, although to date the direct
effects of increased assistance have not been felt in most

This is the second edition of the 2003
paper entitled "Facilitation of transport and trade in
Sub-Saharan Africa : a review of international legal
instruments - Treaties, conventions, protocols, decisions,
directives." Three major reasons motivated this update
and an expansion of its scope. First, African countries are
increasingly cooperating, especially in the area of
corridors, to achieve full connectivity, mobility and

This paper reviews international
practices for ‘bottom-up costing’ for medium-term
expenditure frameworks. Medium-term expenditure frameworks
are important because they incorporate the multi-annual
nature of the fiscal policy into the budget process,
mitigating its short-term bias. They also allow for the
incorporation of the effects of policy decisions and provide
for a comprehensive fiscal sustainability picture. However,