"Without progress towards stronger, more efficient institutions … rule of law, justice and government accountability, other aspects of development cannot progress.
More efficient institutions, such as Metrobank, the Philippines' largest bank, have already sold their bad debts and written off the associated losses.
They get rid of personalized relationships; thus they believe the market will become a more rational, efficient institution.
You seem to argue that we need to have more efficient E.U.-wide institutions.
Though democratic politicians and economic reformers can agree on the need for more efficient and accountable institutions, in practice change is often resisted.Latin American traditions of populism, clientelism, corporatism and corruption may ultimately be weakened by economic reform, but they are not immediately eliminated by it.
Former head of global commodities Blythe Masters also left JPMorgan Chase in March 2015 to become CEO of Digital Asset Holdings, a company looking to use bitcoin technology to make trading more efficient for financial institutions.
The government agency Advanced Research Projects Agency ARPAA), which later became the Defense Advanced Research Projects Agency DARPAA), was funding computer research at several American universities, and it was felt that research would be more efficient if the various institutions could share computer resources over an ARPA-funded network.
About that time, ARPA, which was funding computer research at several American universities, felt that research would be more efficient if the various institutions could share computer resources over an ARPA-funded network, ARPANET.
Compartamos is more efficient than other Mexican microfinance institutions and its own borrowing costs are lower, thanks to its strong credit rating.
