Download or read book Immiserizing Foreign Aid written by Mr.Stephen Tokarick and published by International Monetary Fund. This book was released on 2006-05-01 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: International trade theory has pointed out that factor accumulation could immiserize a country if it is sufficiently biased toward the export sector, or if it is biased toward an importcompeting sector in the presence of tariff protection. This paper analyzes the impact of aid, in the form of an increase in the capital stock used only in the nontraded sector, on real income. Yano and Nugent (1999) discussed this issue, but their analysis turned out to be incorrect. This paper demonstrates that whether aid in the form of an increase in capital specific to the nontraded sector reduces welfare depends on how aid affects the price of the nontraded good and on whether imports and the nontraded good are substitutes or complements in demand.
Download or read book U S Foreign Aid and the National Interest written by Gordon Donald and published by . This book was released on 1983 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Aid Program written by United States. Congress. Senate. Special Committee to Study the Foreign Aid Program and published by . This book was released on 1957 with total page 1612 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Immiserizing Foreign Aid written by Stephen Tokarick and published by . This book was released on 2006 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: International trade theory has pointed out that factor accumulation could immiserize a country if it is sufficiently biased toward the export sector, or if it is biased toward an import-competing sector in the presence of tariff protection. This paper analyzes the impact of aid, in the form of an increase in the capital stock used only in the nontraded sector, on real income. Yano and Nugent (1999) discussed this issue, but their analysis turned out to be incorrect. This paper demonstrates that whether aid in the form of an increase in capital specific to the nontraded sector reduces welfare depends on how aid affects the price of the nontraded good and on whether imports and the nontraded good are substitutes or complements in demand.
Download or read book The Economics of International Transfers written by Steven Brakman and published by Cambridge University Press. This book was released on 1998-12-10 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: An economic analysis of the theory, modelling and history of international transfers.
Download or read book The Tying of Aid written by C. J. Jepma and published by Development Centre of the Organisation for Economic Co-operation and Development ; Washington, D.C. : OECD Publications and Information Centre. This book was released on 1991 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes a bibliography
Download or read book Reinventing Foreign Aid written by William R. Easterly and published by MIT Press. This book was released on 2008-05-09 with total page 581 pages. Available in PDF, EPUB and Kindle. Book excerpt: Top experts in the field discuss how to improve the effectiveness of foreign aid, proposing practical solutions to specific problems rather than a utopian master plan. The urgency of reducing poverty in the developing world has been the subject of a public campaign by such unlikely policy experts as George Clooney, Alicia Keyes, Elton John, Angelina Jolie, and Bono. And yet accompanying the call for more foreign aid is an almost universal discontent with the effectiveness of the existing aid system. In Reinventing Foreign Aid, development expert William Easterly has gathered top scholars in the field to discuss how to improve foreign aid. These authors, Easterly points out, are not claiming that their ideas will (to invoke a current slogan) Make Poverty History. Rather, they take on specific problems and propose some hard-headed solutions. Easterly himself, in an expansive and impassioned introductory chapter, makes a case for the “searchers”—who explore solutions by trial and error and learn from feedback—over the “planners”—who throw an endless supply of resources at a big goal—as the most likely to reduce poverty. Other writers look at scientific evaluation of aid projects (including randomized trials) and describe projects found to be cost-effective, including vaccine delivery and HIV education; consider how to deal with the government of the recipient state (work through it or bypass a possibly dysfunctional government?); examine the roles of the International Monetary Fund (a de-facto aid provider) and the World Bank; and analyze some new and innovative proposals for distributing aid. Contributors Abhijit Banerjee, Nancy Birdsall, Craig Burnside, Esther Duflo, Domenico Fanizza, William Easterly, Ruimin He, Kurt Hoffman, Stephen Knack, Michael Kremer, Mari Kuraishi, Ruth Levine, Bertin Martens, John McMillan, Edward Miguel, Jonathan Morduch, Todd Moss, Gunilla Pettersson, Lant Pritchett, Steven Radelet, Aminur Rahman, Ritva Reinikka, Jakob Svensson, Nicolas van de Walle, James Vreeland, Dennis Whittle, Michael Woolcock
Download or read book Learning to Industrialize written by Kenichi Ohno and published by Routledge. This book was released on 2014-04-03 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book proposes a new, pragmatic way of approaching economic development which features policy learning based on a comparison of international best policy practices. While the important role of government in promoting private sector development is being recognized, policy discussion often remains general without details as to what exactly to do and how to avoid common pitfalls. This book fills the gap by showing concrete policy contents, procedures, and organizations adopted in high-performing East Asian economies. Natural resources and foreign aid and investment can take a country to a certain income level, but growth stalls when given advantages are exhausted. Economies will be caught in middle income traps if growth impetus is not internally generated. Meanwhile, countries that have soared to high income introduced mindset, policies, and institutions that encouraged, or even forced, accumulation of human capital – skills, technology, and knowledge. How this can be done systematically is the main topic of policy learning. However, government should not randomly adopt what Singapore or Taiwan did in the past. A continued march to prosperity is possible only when policy makers acquire capability to formulate policy suitable for local context after studying a number of international experiences. Developing countries wanting to adopt effective industrial strategies but not knowing where to start will benefit greatly by the ideas and hands-on examples presented by the author. Students of development economics will find a new methodological perspective which can supplement the ongoing industrial policy debate. The book also gives an excellent account of national pride and pragmatism exhibited by officials in East Asia who produced remarkable economic growth, as well as serious effort by an African country to emulate this miracle. The Open Access version of this book, available at http://www.taylorfrancis.com/doi/view/10.4324/9780203085530 has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.
Download or read book The Fiscal Impact of Foreign Aid in Rwanda a Theoretical and Empirical Analysis written by Kene Ezemenari Ephraim Kebede and Sajal Lahiri and published by World Bank Publications. This book was released on 2008 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The inflow of large quantities of foreign aid into Rwanda since 1994 can have potential adverse effects such as aid dependency via a significant negative effect on tax efforts and on public investments. This paper carries out a theoretical and empirical study to examine these issues. The theoretical part develops a model in which the recipient government decides on the optimal level of tax and optimally allocates total government revenue between current expenditure and public investment. The theoretical model makes it possible to empirically test whether an increase in aid is likely to reduce the optimal tax rate and the proportion of public expenditure allocated to public investment. The econometric analysis uses time series data on Rwanda to show, in line with other studies in the literature, a negative relationship between increased aid and the tax rate; but the magnitude of the effects are extremely small. In the case of Rwanda, reforms to the tax administration and expansion of the tax base have had mitigating effects. As far as the effect on public investment, the overall effect was negative in the past; however, since 1995 the direction of this effect has changed.
Download or read book Foreign Assistance and Economic Development written by Hollis Burnley Chenery and published by . This book was released on 1965 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New Perspectives on Foreign Aid and Economic Development written by B. Mak Arvin and published by Bloomsbury Publishing USA. This book was released on 2002-05-30 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: The success or failure of economic assistance programs is a shared responsibility of recipient countries and donors. The negative attitude about aid prevalent today underscores a perception the aid has failed. Critics often blame corrupt regimes, weak governments, or poor economic policies. However, the poor track record of aid is also due to donors' inability to allocate limited funds effectively and poor coordination of their aid efforts. Declining aid budgets have led to fundamental questioning of foreign aid's allocation and utility, while the apparent ineffectiveness of aid has shrunk aid budgets and turned public opinion against providing it. This edited collection containing pieces written by leading development specialists evaluates these emerging questions of allocation and efficiency. Development economists, policy makers, and development specialists will benefit from reading this work. Chapters examine the optimal and intertemporal allocation of aid, the role and accountability of NGOs in allocation, the importance of untying (a new perspective on low levels of aid), and links between the allocation pattern of donors. Additional chapters deal with the impact of aid on economic growth, democracy, wage inequality between skilled and unskilled labor, and the role of governance and institutional capacity in aid effectiveness. An effective balance between theoretical and empirical models is offered to better illustrate the issues involved.
Download or read book Foreign Direct Investment in South Asia written by Pravakar Sahoo and published by Springer Science & Business Media. This book was released on 2013-10-01 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1990s, the governments of South Asian countries acted as ‘facilitators’ to attract FDI. As a result, the inflow of FDI increased. However, to become an attractive FDI destination as China, Singapore, or Brazil, South Asia has to improve the local conditions of doing business. This book, based on research that blends theory, empirical evidence, and policy, asks and attempts to answer a few core questions relevant to FDI policy in South Asian countries: Which major reforms have succeeded? What are the factors that influence FDI inflows? What has been the impact of FDI on macroeconomic performance? Which policy priorities/reforms needed to boost FDI are pending? These questions and answers should interest policy makers, academics, and all those interested in FDI in the South Asian region and in India, Pakistan, Bangladesh, Sri Lanka and Pakistan.
Download or read book The End of the Asian Miracle written by Gerald Tan and published by Cavendish Square Publishing. This book was released on 1999 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most significant developments in the second half of the twentieth century has been the rapid economic transformation of many countries in Asia after World War II. From a situation of widespread poverty and underdevelopment, and with bleak prospects for economic advancement, many of them developed into economic powerhouses. The excitement generated by the miraculous growth of these countries came to an abrupt end when the Asian currency crisis engulfed the region in 1997. This book presents a systematic analysis of the economic transformation of Asia, in the light of the analytical debates in development literature and the events of the recent crisis.
Download or read book The Economic Transformation of Asia written by Gerald Tan and published by Marshall Cavendish Academic. This book was released on 1997 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the economic transformation of Asia in the context of the analytical debates in development economics. All the important analytical issues such as the impact of foreign aid and population policies are discussed in depth, followed by a survey of the available empirical evidence on these issues.
Download or read book International Trade and Economic Development written by Rajat Acharyya and published by Oxford University Press, USA. This book was released on 2014 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: This graduate textbook brings together many of the issues that are considered staple reading for a course in trade and development: trade and labour market, trade and public economics, topics in the theory of the second best, foreign aid, factor mobility, regional and global welfare, and TRIPs.
Download or read book Eurasian Regionalisms and Russian Foreign Policy written by Mikhail A. Molchanov and published by Routledge. This book was released on 2016-03-03 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bridging foreign policy analysis and international political economy, this volume offers a new look at the problem of agency in comparative regional integration studies. It examines evolving regional integration projects in the Eurasian space, defined as the former Soviet Union countries and China, and the impact that Russian foreign policy has had on integration in the region. Mikhail Molchanov argues that new regionalism in Eurasia should be seen as a reactive response to contemporary challenges that these developing states face in the era of globalization. Regional integration in this part of the world treads the unknown waters and may not simply repeat the early steps in the evolution of the European Union. The question of a hegemonic leadership in particular, as exercised by a country that spearheads regional integration efforts, animates much of the discussion offered in the book. Moreover, Eurasian regionalisms are plural phenomena because of complementary and competing projects that engage the same, or partially overlapping, groups of countries. By combining foreign policy studies with an examination of the international political economy of regionalism in Eurasia the author furthers our understanding of new regionalism, both theoretically and empirically.
Download or read book Fiscal Policy in Dynamic Economies written by Kim Heng Tan and published by Routledge. This book was released on 2016-06-03 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of fiscal policy in short-run macroeconomic stabilization is, by now, well known in the academic literature and in policy circles. However, this focus on the short-run, especially in a democracy, means that much less attention has been paid to the other consequences of the use of fiscal policy. By studying the intergenerational-welfare aspects of fiscal policy, this book deals with some fundamental issues of fiscal policy. Why does public debt tend to rise over time in democracies? Why is there a tendency for government spending on consumption and on social security to grow? Why do governments fail to invest in public capital adequately? Should a dollar transferred from the young be treated as a dollar transferred to the old? By studying the international aspects of fiscal policy, the book establishes international differences in fiscal policy as determinants of persistent trade imbalances and international indebtedness. It also considers some basic questions on international transfers and austerity in open economies. What criteria should be used to define a successful foreign-aid programme? Why is foreign aid likely to fail in a world of global wealth disparity? Can reliance be placed on the international coordination of austerity to improve welfare in the long run? Is austerity accompanied by international transfers superior to austerity unaccompanied by international transfers? This book based on the OLG model fills a gap on fiscal-policy issues in the recent spate of books on overlapping generations.
