Why Ngozi Okonjo-Iweala should be the next head of the World Bank

The US had a chance to lead. It abdicated that chance, to play domestic politics and put forward a US nominee who is manifestly less qualified to be head of the World Bank, than the alternative candidate nominated by African countries: Ngozi Okonjo-Iweala.The World Bank is a full-service development institution that provides loans, grants . . . → Read More: Why Ngozi Okonjo-Iweala should be the next head of the World Bank

Does the World Bank’s Rule of Law Index Measure the Quality of Legal Institutions?

The authors of ‘Governance Matters’, Daniel Kauffman, Aart Kraay and Massimo Mastruzzi, tell us that the World Bank’s rule of law index captures “perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police and the . . . → Read More: Does the World Bank’s Rule of Law Index Measure the Quality of Legal Institutions?

Doing Business 2010

The World Bank has recently released the latest Doing Business 2010 report, measuring the level of business and economic regulation around the world. In spite of the financial crisis and the global recession, Singapore, New Zealand, Hong Kong and the United States retained the leadership as the most friendly locations for doing business. Notably, . . . → Read More: Doing Business 2010