Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in...

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Interpretation and Interpretation and Enabling Enabling Institutions Institutions Strengthening the business sector and Strengthening the business sector and entrepreneurship in developing countries entrepreneurship in developing countries United Nations United Nations October 5, 2006 October 5, 2006 Natasha Iskander Natasha Iskander Assistant Professor of Public Assistant Professor of Public Policy Policy New York University New York University [email protected]

Transcript of Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in...

Page 1: Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006.

Interpretation and Interpretation and Enabling InstitutionsEnabling Institutions

Strengthening the business sector and Strengthening the business sector and entrepreneurship in developing countriesentrepreneurship in developing countriesUnited NationsUnited NationsOctober 5, 2006October 5, 2006

Natasha IskanderNatasha IskanderAssistant Professor of Public PolicyAssistant Professor of Public PolicyNew York UniversityNew York [email protected]

Page 2: Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006.

Diasporas and Diasporas and DevelopmentDevelopment

Page 3: Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006.

0

25

50

75

100

125

150

175

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

e

2005

e

$ billionPrivate debt and portfolio equity FDI

ODA

Recordedremittances

10 countries

Remittance flowsRemittance flows

Source: World Bank. Global Economic Prospects 2006

Page 4: Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006.

Transnational Labor Transnational Labor MarketsMarkets

How do you promote business development and entrepreneurship in this context?

Page 5: Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006.

Transnational Transnational InstitutionsInstitutions Institutions for business Institutions for business

development in transnational development in transnational labor markets: labor markets:

Financial servicesFinancial services InfrastructureInfrastructure KnowledgeKnowledge Political stake/voicePolitical stake/voice

Page 6: Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006.

Transnational Transnational InstitutionsInstitutions Institutions for business Institutions for business

development in transnational development in transnational labor markets: labor markets:

Financial services Financial services BCP du Maroc BCP du Maroc InfrastructureInfrastructure KnowledgeKnowledge Political stake/voicePolitical stake/voice

Page 7: Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006.

Interpretive Interpretive engagementengagement What is it?What is it?

Collaborative interpretationCollaborative interpretation Process of generating new knowledge Process of generating new knowledge

about transnational fieldsabout transnational fields

Why do we need it? Why do we need it? Unmapped transnational fieldsUnmapped transnational fields New institutions that perform different New institutions that perform different

functions, based on different functions, based on different assumptionsassumptions

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La Banque Centrale La Banque Centrale PopulairePopulaire

Moroccan state bankMoroccan state bank Has served emigrants since 1969Has served emigrants since 1969 Successful “bancarization” of emigrant Successful “bancarization” of emigrant

clientele clientele Tailor-made transfer, savings, and Tailor-made transfer, savings, and

investment productsinvestment products

“Bank of the Moroccans of the World”

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BCP and emigrant BCP and emigrant depositsdeposits

0%

5%

10%

15%

20%

25%

30%

BCP MRE Deposit

Fuente: FMI; BCP

BCP Moroccan Emigrant Deposits as a Share of Total National Deposits, 1977-2002

Page 10: Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006.

Strategy of Strategy of AccompanimentAccompaniment

Repeated cycles of Repeated cycles of interpretive interpretive engagementengagement– 1969: Operation Moroccan Workers Abroad1969: Operation Moroccan Workers Abroad– 1980s: Permanent settlement1980s: Permanent settlement– 1990s: Transnational space1990s: Transnational space

Page 11: Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006.

Interpretive Interpretive Engagement Engagement Institutions for business Institutions for business

development in transnational development in transnational labor markets: labor markets:

Financial servicesFinancial services Infrastructure Infrastructure Innovative techno- Innovative techno-

social modelssocial models KnowledgeKnowledge Political stake/voicePolitical stake/voice

Page 12: Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006.

Transnational Transnational InstitutionsInstitutions Institutions for business development Institutions for business development

in transnational labor markets: in transnational labor markets: Financial servicesFinancial services InfrastructureInfrastructure Knowledge Knowledge New concepts New concepts

New New organizational formsorganizational forms

New approach to New approach to human capital developmenthuman capital development

Political stake/voicePolitical stake/voice

Page 13: Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006.

Transnational Transnational InstitutionsInstitutions Institutions for business Institutions for business

development in transnational development in transnational labor markets: labor markets:

Financial servicesFinancial services InfrastructureInfrastructure Knowledge Knowledge Political stake/voice Political stake/voice New channels for New channels for

political voice and influencepolitical voice and influence

Page 14: Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006.

Transnational Labor Transnational Labor MarketsMarkets

How do you promote business development and entrepreneurship in this context?

•Transnational institutions for sustained economic activity

•Knowledge generation in transnational spaces

Page 15: Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006.

Transnational Labor Transnational Labor MarketsMarkets

How do you promote business development and entrepreneurship in this context?

Response to institutional barriers that sever transnational fields and prevent knowledge generation