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...
| Main Authors: | , , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| 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 |
| Summary: | 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. |
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