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Corporate Governance in Development

The Experiences of Brazil, Chile, India, and South Africa

Corporate Governance in Development by Organisation for Economic Co-operation and Development
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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.

Organisation for Economic Co-operation and Development; January 2003
260 pages; ISBN 9789264106598
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Title: Corporate Governance in Development
Author: Organisation for Economic Co-operation and Development