Download or read book Our Continent Our Future written by P. Thandika Mkandawire and published by IDRC. This book was released on 2014-05-14 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.
Download or read book What Explains the Success Or Failure of Structural Adjustment Programs written by David Dollar and published by World Bank Publications. This book was released on 1998 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: June 1998 A few political economy variables can successfully predict the outcome of an adjustment loan 75 percent of the time. To select promising candidates for adjustment, the World Bank must do a better job of understanding which environments are promising for reform and which are not. Being more selective may mean smaller volumes of lending. In the 1980s development assistance shifted largely from financing investments (such as roads and dams) to promoting policy reform. This change came because of a growing awareness that developing countries were held back more by poor policies than by a lack of finance for investment. After nearly 20 years' experience with policy-based or conditional lending, there have now been many studies of adjustment lending, most of which take a case-study approach. Many conclude that policy-based lending works if countries have decided on their own to reform. Dollar and Svensson examine a database of 220 World Bank-supported reform programs to identify why adjustment programs succeed or fail. They find that a few political economy variables can successfully predict the outcome of an adjustment loan 75 percent of the time. Variables under the World Bank's control-resources devoted to preparation and supervision or number of conditions-have no relationship with an adjustment program's success or failure. What development agencies must do, then, is select promising candidates for adjustment support. When the candidate is a poor selection, devoting more administrative resources or imposing more conditions will not increase the likelihood of successful reform. To improve its success rate with adjustment lending, the World Bank must become more selective and do a better job of understanding which environments are promising for reform and which are not. That is likely to lead to fewer adjustment loans, unless there is a significant change in the number of promising reformers. To become more effective at supporting policy reform, the agency must be willing to accept that this may lead to smaller volumes of lending. This paper-a product of the Macroeconomics and Growth, Development Research Group-is part of a larger effort in the group to examine aid effectiveness. The study was funded by the Bank's Research Support Budget under the research project Economic Policies and the Effect of Foreign Aid (RPO 681-70). The authors may be contacted at [email protected]. or [email protected].
Download or read book Managing Currency Crises in Emerging Markets written by Michael P. Dooley and published by University of Chicago Press. This book was released on 2007-11-01 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: The management of financial crises in emerging markets is a vital and high-stakes challenge in an increasingly global economy. For this reason, it's also a highly contentious issue in today's public policy circles. In this book, leading economists-many of whom have also participated in policy debates on these issues-consider how best to reduce the frequency and cost of such crises. The contributions here explore the management process from the beginning of a crisis to the long-term effects of the techniques used to minimize it. The first three chapters focus on the earliest responses and the immediate defense of a currency under attack, exploring whether unnecessary damage to economies can be avoided by adopting the right response within the first few days of a financial crisis. Next, contributors examine the adjustment programs that follow, considering how to design these programs so that they shorten the recovery phase, encourage economic growth, and minimize the probability of future difficulties. Finally, the last four papers analyze the actual effects of adjustment programs, asking whether they accomplish what they are designed to do-and whether, as many critics assert, they impose disproportionate costs on the poorest members of society. Recent high-profile currency crises have proven not only how harmful they can be to neighboring economies and trading partners, but also how important policy responses can be in determining their duration and severity. Economists and policymakers will welcome the insightful evaluations in this important volume, and those of its companion, Sebastian Edwards and Jeffrey A. Frankel's Preventing Currency Crises in Emerging Markets.
Download or read book Assessing Aid written by and published by World Bank Publications. This book was released on 1998 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assessing Aid determines that the effectiveness of aid is not decided by the amount received but rather the institutional and policy environment into which it is accepted. It examines how development assistance can be more effective at reducing global poverty and gives five mainrecommendations for making aid more effective: targeting financial aid to poor countries with good policies and strong economic management; providing policy-based aid to demonstrated reformers; using simpler instruments to transfer resources to countries with sound management; focusing projects oncreating and transmitting knowledge and capacity; and rethinking the internal incentives of aid agencies.
Download or read book IMF Conditionality written by John Williamson and published by MIT Press (MA). This book was released on 1983 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt: The twenty-one contributions in this book assess the controversy surrounding the Fund and provide judgments about the criteria for Fund lending which should help readers understand and analyze both its ongoing role in smoothing adjustment to international payments imbalances and its currently critical position in responding to the debt crisis.
Download or read book Structural Adjustment written by Giles Mohan and published by Psychology Press. This book was released on 2000 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on Africa, Latin America and Asia, examines the origins, impacts and alternatives to the structural adjsutment programmes.
Download or read book Structural Adjustment the Environment and Sustainable Development written by David Reed and published by Routledge. This book was released on 2013-11-05 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a pioneering study which should serve as a model for future research and will to a wide audience' Dharam Ghai, Director United Nations Research Institute for Social Development Structural Adjustment and the Environment (Earthscan, 1992) was the first book to fully examine the effects of 'structural adjustment programmes the economic reform policies required by the World Bank and IMF as part of their lending operations with borrowing countries. To widespread Critical acclaim it exposed the damaging environmental and social effects of structural adjustment policies, and called for a thorough revision of the then-current development policy. This new work; Structural Adjustment, the Environment and sustainable Development is a major step forward in the study of structural adjustment policies. It looks in detail at new research and analysis into their effects, and incorporates recent studies by a wide range of academics and policy-makers, leading experts and institutes. Focusing on nine in-depth case studies, the book examines the complex links between macroeconomic policies, social impacts and environmental outcomes, and takes a forward-looking perspective in outlining the alternatives to current structural adjustment policies. Review quotes for Structural Adjustment and the Environment 'Should be essential reading for all students of development' Third World Planning Review 'Breaks new ground in the debate on structural adjustment generally. and in the environment/development debate' International Affairs 'The most substantial contribution to date to what is undoubtedly an important area' Development and Change David Reed is director of the Macroeconomics for Sustainable Development Programme of WWF International, and editor of Structural Adjustment and the Environment (Earthscan, 1992). Originally published in 1996
Download or read book Structural Reforms Productivity and Technological Change in Latin America written by Jorge M. Katz and published by United Nations Publications. This book was released on 2001 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Focusing on technological change, the impact of the reforms on the process of innovation is examined. It notes that the development process is proving to be highly heterogenous across industries, regions and firms and can be described as strongly inequitable. This differentiation that has emerged has implications for job creation, trade balance, and the role of small and medium sized firms. This ultimately suggests, amongst other things, the need for policies to better spread the use of new technologies.
Download or read book The Political Economy of Policy Reform written by John Williamson and published by Peterson Institute. This book was released on 1994 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers around the world have increasingly agreed that macroeconomic discipline, microeconomic liberalization, and outward orientation are prerequisites for economic success. But what are the political conditions that make economic transformation possible? At a conference held at the Institute for International Economics, leaders of economic reform recounted their efforts to bring about change and discussed the impact of the political climate on the success of their efforts. In this book, these leaders explore the political conditions conducive to the success of policy reforms. Did economic crisis strengthen the hands of the reformers? Was the rapidity with which reforms were instituted crucial? Did the reformers have a "honeymoon" period in which to transform the economy? The authors answer these and other questions, as well as providing first-hand accounts of the politically charged atmosphere surrounding reform efforts in their countries.
Download or read book The Economic Structural Adjustment Programme written by A. S. Mlambo and published by . This book was released on 1997 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses the origins and assesses the impact of Zimbabwe's economic structural adjustment programme (ESAP) between 1990 and 1995. Includes chapters on economic development, educational and health policies in the country for the period 1980-1990.
Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Do Structural Reforms Always Succeed written by Jorge Saba Arbache and published by . This book was released on 2004 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Human Rights and Structural Adjustment written by M. Rodwan Abouharb and published by Cambridge University Press. This book was released on 2007-12-13 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Structural adjustment' has been a central part of the development strategy for the 'third world'. Loans made by the World Bank and the IMF have been conditional on developing countries pursuing rapid economic liberalization programmes as it was believed this would strengthen their economies in the long run. M. Rodwan Abouharb and David Cingranelli argue that, conversely, structural adjustment agreements usually cause increased hardship for the poor, greater civil conflict, and more repression of human rights, therefore resulting in a lower rate of economic development. Greater exposure to structural adjustment has increased the prevalence of anti-government protests, riots and rebellion. It has led to less respect for economic and social rights, physical integrity rights, and worker rights, but more respect for democratic rights. Based on these findings, the authors recommend a human rights-based approach to economic development.
Download or read book The Development Path Less Traveled written by Laure Redifer and published by . This book was released on 2020-08-18 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores some of the key factors behind Rwanda key successes, including unique institution-building that emphasized governance and ownership; aid-fueled and government-led strategic investment in people, infrastructure, and high-yield economic activity;re-establishment and expansion of a domestic tax base; policies to reduce aid dependency by attracting private investment and bolstering exports; and a purposeful strategy to harness the economic power of gender inclusion.
Download or read book Beyond Urban Bias in Africa written by Charles M. Becker and published by James Currey Publishers. This book was released on 1994 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: It devotes attention to the role of rural-to-urban migration and its causes; the authors present theoretical and empirical investigations of neoclassical economic models, non-neoclassical economic models, and demographic cohort models of urbanization and urban wage and employment structures.
Download or read book The Point Is to Change the World written by Andaiye and published by Between the Lines. This book was released on 2020-05-31 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Radical activist, thinker, and comrade of Walter Rodney, Andaiye was one of the Caribbean’s most important political voices. For the first time, her writings are published in one collection. Through essays, letters, and journal entries, Andaiye’s thinking on the intersections of gender, race, class, and power are powerfully articulated, Caribbean histories emerge, and stories from a life lived at the barricades are revealed. We learn about the early years of the Working Peopl’s Alliance, the meaning asnd impact of the murder of Walter Rodney and the fall of the Grenada Revolution. Throughout, we bear witness to Andaiye’s acute understanding of politics rooted in communities and the daily lives of so-called ordinary people. Featuring forewords by Clem Seecharan and Robin DG Kelley, these texts will become vital tools in our own struggles to “overcome the power relations that are embedded in every unequal facet of our lives.”
Download or read book Global Development Finance 2000 written by World Bank and published by Oxford University Press, USA. This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past year, developing countries have started to recover from the 1997-99 global financial crisis. The elements underlying the recovery: strong industrial country growth, robust global trade, and firming commodity prices, should permit more 'self-financing' and more sustainable growth in developing countries than has been the case following previous crises. International capital market flows, however, remain selective and volatile. This publication provides a comprehensive look at external debt and financial flows to developing countries. Volume one examines these developments in detail and charts the prospects for private and public global development finance. It explores the special risks and benefits of short-term capital flows, reviews policy options for countries to safeguard against the volatility of private capital flows, and draws lessons from the past century's booms and busts in private flows to emerging markets. It also reviews debt-structuring agreements and privatisation transactions and contains summary data for country groups. Volume two provides statistical data for 137 countries reporting debt under the World Bank Debtor Reporting System. The country tables present a wealth of information about each country's external debt and cover major economic aggregates and key debt ratios. Data is also provided on debt service paid, average terms of new commitments, currency composition of long-term debt, debt restructuring, and scheduled debt service projections. To facilitate cross-country comparisons of key statistics, summary statistical tables are provided for regional and income groups. This publication is available on a Windows-based CD-ROM that contains all the time-series data from the World Bank Debtor Reporting System, allowing users to graph, map, and extract the data in many formats; as well as the contents of both volumes in searchable page format.
