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Corporate Governance in Development: The Experiences of Brazil, Chile, India, and South Africa (Complete Edition ‐ ISBN 9264106588)


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Corporate governance matters for national development. Studies of Brazil, Chile, India, and South Africa show that corporate governance has a role of growing importance to play in helping both to increase financial capital to firms in developing countries and to enhance those countries' financial development as a whole. They further show that corporate governance matters for development, more than is widely perceived, because it can contribute greatly to achieving sustained productivity growth in developing countries' real economies.

The value of improved corporate governance for development cannot, however, be considered in isolation. In the financial sector attention must also be given to measures to strengthen the banking sector and a country's financial institutions as a whole. To gain most from improved corporate governance in the real economy, close attention must also be given to competition policy and to reforms of sector‐specific regulatory practices.
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Document Type: Review Article

Publication date: February 1, 2004

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