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81. Learning to Improve the Investment Climate for Economic Diversification: PDIA in Action in Sri Lanka

Author:
Matt Andrews, Duminda Ariyasinghe, Amara S. Beling, Peter Harrington, Tim McNaught, Fathima Nafla Niyas, Anisha Pooblan, Mahinda Ramanayake, H. Senavirathne, Upatissa Sirigampala, Renuka M. Weerakone, and W. A. F. Jayasiri Wijesooriya
Publication Date:
10-2017
Content Type:
Working Paper
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
Many countries, like Sri Lanka, are trying to diversify their economies but often lack the capabilities to lead diversification programs. One of these capabilities relates to preparing the investment climate in the country. Many governments tackle this issue by trying to improve their scores on ‘Doing Business Indicators’ which measure performance on general factors affecting business globally (like how long it takes to open a business or pay taxes). Beyond these common indicators, however, investors face context specific challenges when working in countries like Sri Lanka that are not addressed in global indicators. Governments often lack the capabilities to identify and resolve such issues. This paper narrates a recent initiative to establish these capabilities in Sri Lanka. The initiative adopted a Problem Driven Iterative Adaptation (PDIA) process, where a team of Sri Lankan officials worked with Harvard Center for International Development (CID) facilitators to build capabilities over a six-month period. The paper tells the story of this process, providing documented evidence of the progress over time (and describing thinking behind the PDIA process as well). The paper will be of interest to those thinking about the challenges associated with creating a climate that is investor or business friendly and to those interested in processes (like PDIA) focused on building state capability and fostering policy implementation.
Topic:
Economy, Business, Global Political Economy, and State
Political Geography:
South Asia and Sri Lanka

82. A Change in the Winds for Software Piracy

Author:
S. Michael Impink Jr.
Publication Date:
06-2017
Content Type:
Working Paper
Institution:
Weatherhead Center for International Affairs, Harvard University
Abstract:
Depending on the industry, piracy either stifles economic growth or fosters innovation. In many technology and pharmaceutical industries, piracy impedes innovation because of its deleterious effect on profits, whereas in the fashion industry, piracy drives participants to produce the latest, trendiest designs. The business strategy of software producers, intellectual property owners, and computer device manufacturers has a substantive impact on piracy, not fully captured in the current literature. My research focuses on how business factors—the competitive landscape of device manufacturers, the evolving strategy of intellectual property owners, and the shift away from traditional licensing models—affect intellectual property rights and software piracy in high-growth countries.
Topic:
Science and Technology, Intellectual Property/Copyright, Piracy, and Business
Political Geography:
United States, China, Asia, and North America

83. Intra-Regional Trade: Potential Catalyst for Growth in the Middle East

Author:
Bernard Hoekman
Publication Date:
04-2016
Content Type:
Special Report
Institution:
Middle East Institute (MEI)
Abstract:
This Policy Paper is part of The Middle East Institute's Regional Cooperation Series. Throughout 2016, MEI will be releasing several policy papers by renowned scholars and experts exploring possibilities to foster regional cooperation across an array of sectors. The purpose is to highlight the myriad benefits and opportunities associated with regional cooperation, and the high costs of the continued business-as-usual model of competition and intense rivalry.
Topic:
Regional Cooperation, Business, Economic growth, and Trade
Political Geography:
Middle East

84. Rent Seeking and Entrepreneurship: Internet Startups in China

Author:
Tain-Jy Chen and Ying-Hua Ku
Publication Date:
10-2016
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
Against all odds, China has developed one of the most vibrant Internet industries in the world. According to Atomico (2015), which tracked venture capital (VC)-funded startups in the world, there were 156 Internet startups that had been founded in 2003–14 and that had become billion-dollar companies (based on market capitalization) by the end of 2014 after initial public offerings (IPOs). The United States leads the list with 86 companies, followed by China’s 30, and Sweden’s 5. All Chinese billion-dollar startups are consumer-related, while billion-dollar startups in other countries include business applications, games, and others. Similarly, the Wall Street Journal tracked unlisted VC-funded startups and identified 78 of them whose market valuation (measured by financing terms in the most recent round of funding) had exceeded one billion dollars in March 2015 (Table 1). The list includes startups in the Internet as well as other sectors. Again, the United States leads the list with 50 ventures, followed by China’s 8. All Chinese ventures are Internet-related, if Xiaomi, which tops the list of all startups and sells smartphones on the Internet, is also counted as an Internet company (Dow Jones Venture Source 2015). In short, Chinese startups are numerous, vigorous, and most successful in Internet-based consumer business.
Topic:
Science and Technology, Internet, Entrepreneurship, and Business
Political Geography:
China and Asia

85. The Business of Peace through Green Energy: The HomeBiogas Story

Author:
Yair Teller
Publication Date:
03-2016
Content Type:
Video
Institution:
Clarke Forum for Contemporary Issues
Abstract:
Yair Teller discusses how he is using his company, HomeBiogas, as a mechanism for peace building, sustainable development, women’s empowerment, and improvement of the quality of health and life for citizens of developing countries. Yair Teller is chief scientist and co-founder of the HomeBiogas Company based in Netanya, Israel. HomeBiogas produces a household renewable energy appliance that recycles kitchen waste into cooking gas and organic fertilizer. Profits from sales to suburban customers and a successful crowd-funding campaign are used to support donation of HomeBiogas units to economically disadvantaged Bedouin, Palestinian, and Ugandan families for alleviation of poverty. The work of HomeBiogas has been recognized by the UN and the Peres Center for Peace.
Topic:
Development, Environment, Science and Technology, Women, Gas, Business, and Green Technology
Political Geography:
Uganda, Middle East, Israel, Palestine, North America, and United States of America

86. Business as Unusual: Shared Strategies for Accelerating Change

Author:
Zach Leverenz
Publication Date:
02-2016
Content Type:
Video
Institution:
Clarke Forum for Contemporary Issues
Abstract:
Zach Leverenz applies a practitioner’s lens to examine how social entrepreneurs can design shared-value strategies and build cross-sector partnerships that accelerate social impact with immediate scale and sustained success.
Topic:
Development, Science and Technology, Entrepreneurship, Business, and Economic growth
Political Geography:
North America and United States of America

87. Special Economic Zones in Panama: Technology spillovers from a labor market perspective

Author:
Ricardo Hausmann, Juan Obach, and Miguel Angel Santos
Publication Date:
10-2016
Content Type:
Working Paper
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
Special Economic Zones (SEZ) have played an important role in Panama's successful growth story over the previous decade. SEZ have attracted local and foreign investment by leveraging a business-friendly environment of low transaction costs, and created many stable, well-paid jobs for Panamanians. Beyond that, SEZ shall be assessed as place-based policy by their capacity to boost structural transformations, namely attracting new skills and more complex know-how not to be found in the domestic economy. The aim of this paper is to evaluate the three largest SEZ in Panama: Colon Free Zone, Panama-Pacific, and City of Knowledge. Our results suggest that SEZ have been successful as measured by static indicators, such as foreign investment, job creation and productivity. We also find that SEZ have boosted inflows of high-skill immigrants, who are most likely generating positive knowledge spillovers on Panamanians productivity and wages. However, significant legal instruments and institutional designs are preventing Panama from taking full advantage of the skill variety hosted at the SEZ. Complex immigration processes inhibiting foreigners from transitioning out of the SEZ, a long list of restricted professions and even citizenships considered as a national security concern, are hindering the flow of knowledge, keeping the benefits coming from more complex multinational companies locked inside the gates of SEZ.
Topic:
Business, Economic growth, Investment, and Special Economic Zones
Political Geography:
Central America and Panama

88. Corruption Reports 2016: Hidden Economy in Turkey

Author:
Hasan Kirmanoğlu and K. İpek Miscioğlu
Publication Date:
12-2016
Content Type:
Special Report
Institution:
Turkish Economic and Social Studies Foundation (TESEV)
Abstract:
SELDI network have proposed to prepare a hidden economy overview to contribute to understanding the hidden economy and tracing its links with corruption that are significant for both anti-corruption practices and increasing welfare in Southeastern Europe (SEE) countries. Anti-corruption policies alone are unlikely to produce wide societal support, unless they are imbedded in economic reform and increase in prosperity. Therefore, a broadening of the anti-corruption debate from sheer law enforcement towards more economic grounded rationale, such as addressing the nexus between corruption and hidden economy, is needed.
Topic:
Corruption, Law Enforcement, Economy, Business, and Tax Systems
Political Geography:
Europe, Turkey, and Middle East

89. Power Grid Interconnections in East Asia: Investment in Several Key Projects Are Well Justified

Author:
Yanfei Li
Publication Date:
01-2016
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
The recent ERIA report on 'Effective Power Infrastructure Investment through Power Grid Interconnections in East Asia' aims to support existing initiatives--the ASEAN Power Grid and Greater Mekong Subregion Power Master Plan--by quantitatively showing the possible economic and environmental benefits of such power grid interconnections. The study team selected specific candidate routes of cross-border transmission lines for further examination. They carried out the preliminary project planning and per kilowatt-hour cost estimation for the selected cross-border lines. The estimated results indicate that although these are capital-intensive projects, attainable benefits seem to be large enough to justify the investment well.
Topic:
Economics, Climate Finance, and Business
Political Geography:
Southeast Asia

90. Achieving an Integrated Electricity Market in Southeast Asia: Addressing the Economic, Technical, Institutional, and Geo-political Barriers

Author:
Yanfei Li and Shigeru Kimura
Publication Date:
12-2016
Content Type:
Research Paper
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
The research is divided into four interdependent research clusters. Clusters 1 and 2 apply case studies on the BIMP countries (Brunei-Indonesia-Malaysia-Philippines) using different methods. Cluster 1, led by the Institute of Energy Economics, Japan, conducts dynamic linear programming model to simulate the development of power infrastructure, interconnection, and exchange of power in this subregion of ASEAN. It emphasises the economic rationale and feasibility of electricity market integration in the region. Cluster 2, led by the Brunei National Energy Research Institute, focuses on the regulatory, institutional, and technical barriers in BIMP, and develops a road map to solve these issues. This study thus gives some insight regarding regional specific barriers or issues for other regions based on an established understanding of the common issues in principle from previous studies. Cluster 3 is conducted jointly by the Economic Research Institute for ASEAN and East Asia and the Energy Research Institute at Nanyang Technological University. The study mainly refers to the Nordic and European cases of electricity market integration and analyses both their business models and overall market design for grid interconnection and cross-border trading of electricity. In doing so, the study eventually tries to deliver implications on the possible business model and market design for ASEAN. The Cluster 4 study, carried out by a researcher from the University of Western Australia, discusses political and institutional barriers to the formation of an integrated ASEAN electricity market and derives several practical strategies in addressing such barriers as policy implications.
Topic:
Economics, International Trade and Finance, and Business
Political Geography:
Southeast Asia