Pioneering Firms in Fragile and Conflict-Affected States : Why and How Development Finance Institutions Should Support Them

The role of 'first movers' in fragile states is critical: they grow and diversify markets in ways that no other firms do, generating disproportionate impact in terms of development and stability. But pioneer firms are rare in fragile stat...

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Main Authors:	Collier, Paul, Gregory, Neil, Ragoussis, Alexandros
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	FRAGILE STATES FRAGILE AND CONFLICT-AFFECTED STATES PRIVATE SECTOR DEVELOPMENT DEVELOPMENT FINANCE INSTITUTION INNOVATION FIRMS DEVELOPMENT FINANCE RISK
Online Access:	http://documents.worldbank.org/curated/en/602071552331498209/Pioneering-Firms-in-Fragile-and-Conflict-Affected-States-Why-and-How-Development-Finance-Institutions-Should-Support-Them http://hdl.handle.net/10986/31400

id	okr-10986-31400
recordtype	oai_dc
spelling	okr-10986-314002022-09-15T12:18:42Z Pioneering Firms in Fragile and Conflict-Affected States : Why and How Development Finance Institutions Should Support Them Collier, Paul Gregory, Neil Ragoussis, Alexandros FRAGILE STATES FRAGILE AND CONFLICT-AFFECTED STATES PRIVATE SECTOR DEVELOPMENT DEVELOPMENT FINANCE INSTITUTION INNOVATION FIRMS DEVELOPMENT FINANCE RISK The role of 'first movers' in fragile states is critical: they grow and diversify markets in ways that no other firms do, generating disproportionate impact in terms of development and stability. But pioneer firms are rare in fragile states. This study documents their profile, their challenges, and the barriers that prevent them from realizing their potential. The study also explores the rationale for development finance institutions to support them, and proposes new ways to offset costs, risks, and the "unknown unknowns" that generate radical uncertainty. Through a process of social learning and resetting negative self-fulfilling investor narratives, development finance institutions can help pioneering firms shift the growth trajectory of fragile and conflict-affected states. 2019-03-14T20:22:58Z 2019-03-14T20:22:58Z 2019-03 Working Paper http://documents.worldbank.org/curated/en/602071552331498209/Pioneering-Firms-in-Fragile-and-Conflict-Affected-States-Why-and-How-Development-Finance-Institutions-Should-Support-Them http://hdl.handle.net/10986/31400 English Policy Research Working Paper;No. 8774 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	FRAGILE STATES FRAGILE AND CONFLICT-AFFECTED STATES PRIVATE SECTOR DEVELOPMENT DEVELOPMENT FINANCE INSTITUTION INNOVATION FIRMS DEVELOPMENT FINANCE RISK
spellingShingle	FRAGILE STATES FRAGILE AND CONFLICT-AFFECTED STATES PRIVATE SECTOR DEVELOPMENT DEVELOPMENT FINANCE INSTITUTION INNOVATION FIRMS DEVELOPMENT FINANCE RISK Collier, Paul Gregory, Neil Ragoussis, Alexandros Pioneering Firms in Fragile and Conflict-Affected States : Why and How Development Finance Institutions Should Support Them
relation	Policy Research Working Paper;No. 8774
description	The role of 'first movers' in fragile states is critical: they grow and diversify markets in ways that no other firms do, generating disproportionate impact in terms of development and stability. But pioneer firms are rare in fragile states. This study documents their profile, their challenges, and the barriers that prevent them from realizing their potential. The study also explores the rationale for development finance institutions to support them, and proposes new ways to offset costs, risks, and the "unknown unknowns" that generate radical uncertainty. Through a process of social learning and resetting negative self-fulfilling investor narratives, development finance institutions can help pioneering firms shift the growth trajectory of fragile and conflict-affected states.
format	Working Paper
author	Collier, Paul Gregory, Neil Ragoussis, Alexandros
author_facet	Collier, Paul Gregory, Neil Ragoussis, Alexandros
author_sort	Collier, Paul
title	Pioneering Firms in Fragile and Conflict-Affected States : Why and How Development Finance Institutions Should Support Them
title_short	Pioneering Firms in Fragile and Conflict-Affected States : Why and How Development Finance Institutions Should Support Them
title_full	Pioneering Firms in Fragile and Conflict-Affected States : Why and How Development Finance Institutions Should Support Them
title_fullStr	Pioneering Firms in Fragile and Conflict-Affected States : Why and How Development Finance Institutions Should Support Them
title_full_unstemmed	Pioneering Firms in Fragile and Conflict-Affected States : Why and How Development Finance Institutions Should Support Them
title_sort	pioneering firms in fragile and conflict-affected states : why and how development finance institutions should support them
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/602071552331498209/Pioneering-Firms-in-Fragile-and-Conflict-Affected-States-Why-and-How-Development-Finance-Institutions-Should-Support-Them http://hdl.handle.net/10986/31400
_version_	1764474243015245824

Pioneering Firms in Fragile and Conflict-Affected States : Why and How Development Finance Institutions Should Support Them

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