Most analyses of property rights and
economic development point to the negative influence of
insecure property rights on private investment. The authors
focus instead on the largely unexamined effects of insecure
property rights on government policy choices. They identify
one significant anomaly-dramatically higher public
investment in countries with insecure property rights-and
use it to make the following broad claims about insecure

For Croatia, the challenge is to create
conditions that will attract investment and produce growth.
These conditions can broadly be categorized as (a) stable,
progressive and predictable laws and institutions; (b)
efficient labor and financial markets; (c) macroeconomic and
financial stability; (d) social and environmental
sustainability; (e) effective integration into the European
infrastructure networks ensuring competitive cost and

According to Myint's "vent-for-surplus"
theory, development of the economies of Indonesia, the
Philippines, and Thailand from the nineteenth century on
depended on the natural advantage of large tracts of unused
"empty land" with low population density and abundant natural
resources of the type typically found in Southeast Asia and
Africa at the outset of Western colonization. When these
economies were integrated into international trade, hitherto

This annual report covers the period
from July 1, 2001, to June 30, 2002, and is prepared by the
Executive Directors of both the International Bank for
Reconstruction and Development (IBRD) and the International
Development Association (IDA). The first of two volumes
discusses the World Bank's goals and strategies;
overviews Bank activities in fiscal year 2002; examines
progress on the Millennium Development Goals and project and

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

This report aims to analyze key aspects
of the low-income housing sector in Brazil, and to provide
an analytical framework for reviewing alternatives to
addressing the lack of adequate formal housing and urban
services for the poor. It addresses four fundamental
questions for policymakers in the housing sector in Brazil:
First, should the government be involved in policy
interventions in the low-income segment of the housing

Since its recovery of macroeconomic
stability in 1991, the Dominican Republic has experienced a
period of notable economic growth. Poverty has declined in
the 1990s. Nevertheless, a segment of the population-mainly
in rural areas-does not seem to have benefited from this
growth. Poverty in this country in 1998 is less than that of
other countries if one adjusts for the level of economic
development. The principal poverty characteristics are the

This review systematically assesses the
focus of Poverty Reduction Strategy Papers (PRSPs) on
environment-related issues. A total of 40 Interim and full
PRSPs from countries in Africa, Latin America and Eastern
Europe, the Middle East, Central and East Asia are reviewed.
Four major questions: are posed: (i) What issues of
environmental concerns and opportunities are identified in
the PRSPs?; (ii) To what extent are poverty-environment

The Center for International Forestry
Research (CIFOR) receives its major funding from
governments, international development organizations,
private foundations and regional organizations. This study
analyzed journal citations of CIFOR publications, using the
International Statistical Institute (ISI) web of Science
database. CIFOR research and publications have an impact on
the scientific community? One way to answer this question is

Favorable economic conditions offer a
window of opportunity for the Ukrainian government External
factors served as a catalyst for the economic turnaround but
policies and reforms have also played a critical role.
Nevertheless, the positive trends will weaken without vision
at the top level of government. An "insider
economy" threatens to become a primary obstacle to
Ukraine's future development and also weakens the link

This report finalized in March 2001
constitutes a step toward the objective of designing an
integrated strategy for rural poverty reduction in Brazil,
The report contains an updated and more detailed profile of
the rural poor in the northeast (NE) and southeast (SE) of
Brazil; identifies key determinants of rural poverty in
these regions; and proposes a five-pronged strategic
framework in which to couch a set of integrated policies

Latin America missed opportunities for
rapid resource-based growth that similarly endowed
countries-Australia, Canada, Scandinavia-were able to take
advantage of. Fundamental to this poor performance was
deficient technological adoption driven by two factors.
First, deficient national "learning" or
"innovative" capacity, arising from low investment
in human capital and scientific infrastructure, led to weak