Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    From $11.99/month after trial. Cancel anytime.

    Making It Big: Why Developing Countries Need More Large Firms
    Making It Big: Why Developing Countries Need More Large Firms
    Making It Big: Why Developing Countries Need More Large Firms
    Ebook282 pages2 hours

    Making It Big: Why Developing Countries Need More Large Firms

    By Andrea Ciani, Marie Caitriona Hyland, Nona Karalashvili and

    ()

    Read preview

    About this ebook

    Economic and social progress requires a diverse ecosystem of firms that play complementary roles. Making It Big: Why Developing Countries Need More Large Firms constitutes one of the most up-to-date assessments of how large firms are created in low- and middle-income countries and their role in development. It argues that large firms advance a range of development objectives in ways that other firms do not: large firms are more likely to innovate, export, and offer training and are more likely to adopt international standards of quality, among other contributions. Their particularities are closely associated with productivity advantages and translate into improved outcomes not only for their owners but also for their workers and for smaller enterprises in their value chains. The challenge for economic development, however, is that production does not reach economic scale in low- and middle-income countries.Why are large firms scarcer in developing countries? Drawing on a rare set of data from public and private sources, as well as proprietary data from the International Finance Corporation and case studies, this book shows that large firms are often born large—or with the attributes of largeness. In other words, what is distinct about them is often in place from day one of their operations. To fill the “missing top” of the firm-size distribution with additional large firms, governments should support the creation of such firms by opening markets to greater competition. In low-income countries, this objective can be achieved through simple policy reorientation, such as breaking oligopolies, removing unnecessary restrictions to international trade and investment, and establishing strong rules to prevent the abuse of market power. Governments should also strive to ensure that private actors have the skills, technology, intelligence, infrastructure, and finance they need to create large ventures. Additionally, they should actively work to spread the benefits from production at scale across the largest possible number of market participants.This book seeks to bring frontier thinking and evidence on the role and origins of large firms to a wide range of readers, including academics, development practitioners and policy makers.
    LanguageEnglish
    PublisherWorld Bank Publications
    Release dateOct 8, 2020
    ISBN9781464815584
    Making It Big: Why Developing Countries Need More Large Firms

    Related to Making It Big

    Related ebooks

    Business For You

    View More
    View More

    Related podcast episodes

    Related articles

    • UNLIMITED

      Leading Lights In Emerging Markets With Long-term Growth At A Discount

      Feb 16, 2024

      We employ a bottom-up, research-driven approach focused on identifying long-term sustainable earnings power at a discount to intrinsic value. Market and sector weightings are a result of our bottom-up stock selection process, and we always seek to en

      2 min read

    • UNLIMITED

      Companies That Are Built For Growth, Even In Uncertain Times

      Dec 4, 2023

      ECONOMIC VOLATILITY and geopolitical uncertainty have roiled the markets all year. The causes are many, as new crises have continued to unfold: the war in Ukraine, with ensuing inflation and recession fears; the “tech crash” and the rising interest r

      8 min read

    • UNLIMITED

      Toward Wider Openness

      Apr 28, 2022

      How will China’s improved business climate help the domestic and global economies supplement and reinforce one another? Representatives of foreign business communities share their insights on CDF Voice, a social media column of the China Development

      4 min read

    • UNLIMITED

      Running Out Of Oxygen

      Feb 5, 2024

      Running Out Of Oxygen
      11 min read

    • UNLIMITED

      Setting the Stage

      Jan 12, 2023

      New digital business models have budded and blossomed since the early 2000s when the Internet first began permeating every sphere of life in China. Platform companies, bringing together buyers and sellers and managing their interactions online, for o

      1 min read

    • UNLIMITED

      Reinventing Businesses

      Dec 24, 2020

      Reinventing Businesses
      2 min read

    • UNLIMITED

      Building Financial Resilience

      Aug 18, 2023

      THE CURRENT ECONOMIC epoch is fascinating, and India’s exceptional achievements make the country stand out. The country has successfully handled several challenges, including healthcare issues during the Covid-19 outbreak and recent events in Europe,

      3 min read

    • UNLIMITED

      From The Editor-in-chief

      Jul 22, 2023

      Just two years ago, the dark clouds of Covid-induced economic havoc came with a silver lining of dazzling shine: start-ups. The world saw the birth of several hundred ‘unicorns’—start-ups valued at or above $1 billion (Rs 8,200 crore). India too saw

      4 min read

    • UNLIMITED

      Support To The Private Sector Is On The Rise

      Mar 18, 2022

      ▶ Links: Click this article’s entry in ‘Table of Contents’ on our website Stimulating the private sector has become the most promising option to achieve economic recovery especially that foreign governments and international donor organizations have

      6 min read

    • UNLIMITED

      Best Of The Financial Columnists

      Nov 3, 2023

      Will Dunn The New Statesman The second quarter of this year sounded the death knell for small landlords, says Will Dunn. Research by Savills finds there is “no longer any profit to be made” from buying and renting out a property with a deposit of les

      4 min read

    • UNLIMITED

      What VCs Want In 2016

      Jan 1, 2016

      What VCs Want In 2016
      6 min read

    • UNLIMITED

      The China dilemma

      Feb 5, 2024

      The China dilemma
      12 min read

    • UNLIMITED

      The Unicorn Phenomenon

      Feb 7, 2022

      The Unicorn Phenomenon
      3 min read

    • UNLIMITED

      A Season of Layoffs

      Jun 10, 2022

      A Season of Layoffs
      1 min read

    • UNLIMITED

      The Pep Talk

      Jan 12, 2023

      The Pep Talk
      6 min read

    • UNLIMITED

      Globally Competitive Digital Clusters

      Aug 29, 2024

      The current scientific and technological revolution occurring in the Internet, big data and artificial intelligence is promoting rapid growth of the digital economy and profoundly influencing the world’s industrial development patterns and competitio

      2 min read

    • UNLIMITED

      Understand The Importance Of Over-communication In A Crisis

      Jan 21, 2021

      Humans learn the most in times of adversity. By that logic, 2020 will feel like a PhD when we look back a few years from now. After years of running from meeting to meeting, from city to city, the entire world was forced to ‘become still’, to adapt a

      4 min read

    • UNLIMITED

      The Ticking Bomb

      Jun 24, 2022

      The Ticking Bomb
      9 min read

    • UNLIMITED

      A New Growth Engine

      Apr 18, 2024

      In a recent interview with U.S. magazine Newsweek, Chinese Ambassador to the United States Xie Feng shed light on the concept of new quality productive forces and the Chinese economy. The following edited excerpts from the interview are taken from th

      5 min read

    • UNLIMITED

      China's Crackdown On Big Tech Firms Isn't Scaring Away Bond Investors

      Sep 10, 2021

      China's recent bid to crack down on Big Tech sent shares of firms such as Didi, Meituan, New Oriental Education, Pinduoduo and Tencent into a tailspin. Equity market prices plunged and adverse commentary emerged in the Western media. Do these events

      4 min read

    Related categories

    Reviews for Making It Big

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Making It Big - Andrea Ciani

      Enjoying the preview?
      Page 1 of 1