Pakistan has faced a seismic shift in
its global and domestic economic landscape which until
recently limited policy options to address investment
climate concerns. External shocks, internal policy inaction
and political turmoil placed the country in a precarious
economic condition, calling on the authorities to take a
hard look at the policy choices ahead. Macroeconomic
instability resulting in inflation, exchange rate

The issue of regional differences in
development has moved to the center of the development
debate in Sri Lanka, partly after the release of regional
poverty data. For the past many years, there have been
significant and increasing differences between the Western
province and the rest of the country in terms of per capita
income levels, growth rates of per capita income, poverty
rates, and the structure of provincial economies. The

The worldwide concern with deforestation
of Brazilian Amazonia is motivated not only by the
irreversible loss of this natural wealth, but also by the
perception that it is a destructive process in which the
social and economic gains are smaller than the environmental
losses. This perception also underlies the diagnosis,
formulation and evaluation of public policies proposed by
government and non-governmental organizations working in the

The objective of this paper is to
present a succinct and up-to-date review of the urban sector
in Egypt, with a focus on issues for which there is new
insight or emerging government interest. The two main themes
of the report are the challenges facing the urban sector and
the policy implications at various levels of government.
Some of the reports mains findings are: urbanization in
Egypt takes on forms and processes which are not well

This working paper concerns the growth
of investment climate in the Philippines. There are several
resounding ideas in areas both positive and negative. The
growth potential in the Philippines is considerable. The
country has significant natural resources; a large pool of
managerial and entrepreneurial talent; and widespread
proficiency in English. The Government's Medium Term
Development Plan (MTDP), 2005-2010 sets ambitious growth and

The objective of the First Initiative
Project in Uganda is to expand the access of households to
housing finance, especially modest and lower income
households, by introducing new and innovative housing loan
products, by introducing innovative loan products combined
with affordable housing designs. The project has delivered
two studies to the Bank of Uganda: i) a study addressing the
financial and banking sector context for housing finance,

Ethiopia in the decade up to 2005 has
been characterized by robust growth rates of the urban
economy, where a still limited share of the population
lives. The urban economy has been estimated to contribute at
least half of gross domestic product (GDP) (53 percent in
2002/03) and to explain a significant part of its growth.
Only an estimated 12.6 percent of the poor live in urban
areas and the overwhelming concentration of poverty in rural

This report deals with medium and
long-term growth issues rather than the challenges posed by
the world financial crisis, the structural policy options
presented in the report become even more important in that
context, and can help to partially mitigate the impact of
the crisis on Macedonia. Section B looks at poverty and
inequality issues. Section C examines Macedonia's past
growth in terms of total factor productivity analysis,

This poverty assessment report is based
upon pre-crisis data for the period 2002-2006. Though some
may have reservations that this information base is not well
suited to informing public policy choices of today, this
view would be short-sighted. Economic development is not an
overnight occurrence. It is also not something that can be
reversed through an economic shock, no matter how virulent.
The analysis of data from the first half of this decade

This paper provides evidence from one of
the poorest countries of the world that the property rights
matter for efficiency, investment, and growth. With all land
state-owned, the threat of land redistribution never appears
far off the agenda. Land rental and leasing have been made
legal, but transfer rights remain restricted and the
perception of continuing tenure insecurity remains quite
strong. Using a unique panel data set, this study

Cambodia's changing distribution of
income-related outcomes is consistent with the process of
transition from a planned to an open market economy, and the
accompanying growth of incomes. This transformation has
promoted better resource reallocation, expanded the spectrum
of gainful activities, and widened the distribution of
earnings. Aided by robust economic growth and improved
capacity for implementing public policies, Cambodia has seen

In this introduction, the authors do three things. They first introduce the puzzle and relate it to existing interpretations from market reformists and their critics, arguing that both sets of views are inadequate. The authors then offer an alternative interpretation: that entrenched inequities sustained by a rent-sharing political equilibrium are a primary source of inefficiencies and weak growth. Moreover, this equilibrium has been resilient to democratization in ways that can be explained by the nature of the underlying forces.