Spurring Private Investment for Development
Lifting countries out of poverty requires hard work, the creation of a robust system of property rights, and – crucially – private investment. So it is a shame that multilateral institutions are failing to apply this knowledge systematically in the developing world.
STRASBOURG – Successful economic development has hewed to a well-known pattern. Lifting a country out of poverty and placing it on a path of sustainable growth requires hard work, the creation of a robust system of property rights, and – crucially – private investment.