IVLP Alumni Spotlight: The Financial Phoenix – Bankruptcy and Growth

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Dr. Radovic (second from left) and fellow IVLP participants charge Wall Street

When thinking of bankruptcy, images of personal failures, bad management, or fraud often come to mind. However, some experts argue that bankruptcy should be perceived as a financial rebirth. Economists at the World Bank conclude that “effective bankruptcy laws that allow viable firms to reorganize and unviable ones to liquidate or be sold is a necessary condition for growth.” The U.S. has an extensive code of laws that cover financial death and rebirth for individuals, small businesses, and corporations but many other countries do not. To share how U.S. Bankruptcy law can help businesses grow, the State Department’s International...

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Public Diplomacy Supports the Rule of Law

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Kosovo Law Institute’s Betim Musliu and Hyrije Mehmeti

Corruption, an abuse of power for private gain, threatens democracy, depletes national wealth, and undermines public trust.  It’s a global problem plaguing even the youngest republics, like Kosovo.   The U.S. Department of State reports that Kosovo suffers from endemic government corruption and one of the Kosovo’s think tanks reports its judicial system is considered among the most corrupt.  Continue  

Program Theme Spotlight: The Power of Partnerships

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A Law Enforcement exchange program from Kenya visited the Red Wing Police Department in Minnesota to discuss the partnerships involved in community policing.

“Public-Private Partnerships are fundamental and inescapable,” pronounced an American speaker when explaining the U.S. system of government to a recent group of International Visitor Leadership (IVLP) participants.  This couldn’t be truer—regardless of the subject, one of the most salient aspects of any professional exchange program is the prevalence of public-private partnerships (P3s). Whether in support of business and economic development or other social, cultural or academic initiatives, P3s are the rule, and International Visitors take notice.  In fact, often the first example of an American P3 is the Department of State’s partnership with the National Program Agencies, Global Ties...

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