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European policymakers, after all, have promised to foster capital markets, in particular asset-backed securities peddled by big investment banks.
To increase productivity, pharma must foster capital formation in the entrepreneurial community and do it in a way that does not preempt initiative and creativity, not easy for managers who operate in the command-and-control environment of a large organization.
The U.S. Securities and Exchange Commission is considering updating its own rules to foster capital formation.
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Fostering these activities does not necessarily require a significant capital outlay.
Business also needs long-term policy stability beyond 2012 to prevent further loss of confidence in carbon offset projects and to foster capital-intensive low carbon technology markets.
Outcome 2.2: The U.S. capital markets operate in a fair, efficient, transparent, and competitive manner, fostering capital formation and useful innovation.
Foster foster foster!
A key question is whether governments can foster social capital, as top-down efforts may not be able to promote bottom-up social capital.
"The focus of corporate governance has too often been put in a box on its own, and we argued there are a series of things that will encourage long-termism, such as nature of share ownership, the possibility of a national investment bank to foster patent capital, and better consumer rights to encourage good company behaviour," he said.
Policymakers at the origin are unlikely to cooperate unless they believe that it is truly designed to foster human capital formation for domestic service.
Participatory monitoring and evaluation approaches that involve the community in tracking and assessing progress and transparent communication processes can enhance effectiveness of investments and foster social capital.
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