The Private Sector and Development: Five Case Studies: Results on the Ground 2

Autor: Bouton, Lawrence.
Rok: 1999
ISBN: 9780821341995
OKCZID: 110069302

Anotace

The study profiles five case studies of the International Finance Corporation-sponsored ventures, chosen because of their development potential, or, because of unusual setbacks, as the case may be. The Kori Kollo gold and silver mine in Bolivia, is an example of how capital from abroad can help bring the modern technology necessary for financial success. The ripple effects from developing this mine have improved the livelihoods of local populations, alleviating a traditional resentment of foreign ownership. Yet, becoming internationally competitive, in an economy with a small manufacturing sector is not easy; though Al Hikma Pharmaceuticals in Jordan proves the contrary. Now exporting almost an eighty percent of its product, the firm produces high quality medicines, feasible not only because of IFC's capital investment, but because of the technical assistance provided. Similarly, a modest infusion of capital in poultry farming in Tanzania, evolved Tanbreed into a sustainable company. In contrast, the hospitality industry can be volatile, though for a country like Turkey, rich in ancient culture, high-quality hotels can induce the international attention to spur economic activity: the case of the Conrad Hilton in Istanbul, proves that beyond turbulent times, investor persistence is paying off. And, while the Uruguayan government gradually opens its market to international competition, one industry, Azucitrus illustrates both the problems, and opportunities global change brings along.

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