Financial intermediation and financial services industries have undergone many changes in the past two decades due to deregulation, technological advances and globalization. The framework for regulating finance has seen many changes as well, with approaches adapting to new issues arising in specific groups of countries or globally. The objectives of this paper are twofold - to review current international thinking on what regulatory framework is needed to develop a financial sector that is
As Vietnam becomes richer it faces challenges in adapting its infrastructure policies and institutions. While the old challenges of providing basic services to all remain, new challenges are emerging, such as accessing new sources of finance, refining planning processes, preparing for rapid urbanization, improving the efficiency of infrastructure service providers, developing stronger institutions to encourage private finance of infrastructure or direct private provision of infrastructure, and
This paper published by World Bank Group describes the Social Security reforms in Latin America and what US can learn from it. More than ten countries in Latin America have enacted reforms that have some things in common with what is being contemplated for the US - the partial privatization of social security. But these countries are very different from the US, and it is not easy to draw meaningful lessons for US social security reform from the experience of countries such as Chile, Argentina,
Governments and nonprofit organizations, often supported by bilateral aid, have experimented with telecenters as a means to extend access to computers, the Internet, and other information and communication services to rural and low-income urban areas of developing countries. This paper proposes a guide for government policy on telecenters conceived as private businesses, though with development functions that is commercially sustainable beyond initial public support.