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    Finance and development

     

      In the present crisis scenario, developing countries have to deal with adverse shocks associated with its external exposure: the decline of foreign direct investment; the reduction of exports of goods and services and export prices; the falling price of commodities; restrictions on trade finance; the increase in the cost of credit; and [...]

    The Liberdom Index and the strength of the institutional framework in the world

     This Working Paper was presented by Liberdom at the III International Congress of Institutional Strengthening and Development organized in 2011 by CECOD (III Congreso Internacional de Fortalecimiento Institucional organizado en 2011 por el CECOD). The document describes the institutional framework in 137 countries through its position in the Liberdom Index 2010. The Liberdom Index [...]

    Liberdom Index methodology

    Liberdom Index 2010 summarized in a single indicator the institutional framework of 137 economies worldwide. The index includes data relating to the exercise of civil, political and economic liberties and governance. Information on economic freedom comes from the Fraser Institute, which summarizes 42 variables grouped into five dimensions. The World Bank is the source [...]

    Access to credit and international trade pillars of the development in the World

    Free trade and access to credit should be a priority in the development agenda. This research shows the existence of a positive empirical relationship between trade and finance, as well as the two factors with the development. A higher stage of development is associated with greater appeal to commercial banks, reduced reliance on domestic [...]

    Entrepreneurship and economic development. Successes and failures of the markets and governments

    The barriers to entrepreneurship in the world are still relevant. This research examines the role of business creation for economic development through the study of existing regulations and red tape in 135 countries. We identify the obstacles that have experienced different evolutionary behavior in countries that have shown a greater economic dynamism in order [...]

    An institutional approach to the prosperity of the nations

    This research summarizes the economic behavior of 134 nations of the world between 1996 and 2006. The cluster analisys showed three levels of development: underdeveloped stage, intermediate stage and advance stage. Some backward economies moved to the intermediate level of development during the period considered by means of a greater economic freedom (especially, trade [...]

    A commitment to the freedom and the development of Sub-Saharan Africa

    This essay focuses on the institutional perspective of development and the importance of institutions and economic and political organization in the development of sub-Saharan African countries. From a wide range of development indicators, freedom, governance and entrepreneurial environment, the essay identifies the differences between the most backward countries and the most advanced in the [...]

    Microfinance, poverty and development

    Microloans are undoubtedly a key instrument in the fight against poverty, but have not been statistically significant in the analysis developed by the Liberdom research team about the fundamentals of success achieved by many countries in terms of development throughout the last decade. The statistical results obtained from the ANOVA analysis of variance on [...]

    Liberdom Index 2010

    Liberdom Index 2010 summarized in a single indicator the institutional framework of 137 economies worldwide. The index includes data relating to the exercise of civil, political and economic liberties and governance from various sources.

    The institutional framework is key to overall business development and attracting foreign investment and is the base that supports [...]