By Tony Addison, George Mavrotas
A favorable bankruptcy has began in finance for terrible international locations. but growth is still tentative. This booklet appears to be like at tips to make foreign finance higher serve the wishes of negative nations and bad humans. It comprises contributions via economists and political scientists who've been on the middle of the overseas coverage debate.
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Extra info for Development Finance in the Global Economy: The Road Ahead (Studies in Development Economics and Policy)
Nayyar (2006) Stability with Growth: Macroeconomics, Liberalization and Development, New York: Oxford University Press for the Initiative for Policy Dialogue. UN (2001) Report of the High-Level Panel on Financing for Development (Chair, Ernesto Zedillo), New York: United Nations. World Bank (1998) Assessing Aid: What Works, What Doesn’t and Why, Oxford: Oxford University Press. Wyplosz, C. (2001) The Impact of EMU on Europe and the Developing Countries, Oxford: Oxford University Press for UNU-WIDER.
The chapter then assesses the state of play with the HIPC Initiative and MDRI; the HIPCs that have reached their completion points account for 64 per cent of the HIPC Initiative assistance to be delivered by creditors, so substantial progress has been made. The chapter then turns to the development and poverty impact of debt relief, discussing the debt over-hang and fiscal effects. Addison argues that the quality of the fiscal system is crucial; debt relief will not have its expected benefits unless we see an improvement in the ability of public expenditure management to transfer the resources released by debt relief into quality infrastructure and services for the poor, and to mobilize additional resources from equitable (fair) taxation.
And F. Tarp (2001) ‘Aid and Growth Regressions’, Journal of Development Economics, 64: 547–70. Heller, P. , M. Katz, X. Debrun, T. Thomas, T. Koranchelian and I. Adenauer (2006) ‘Making Fiscal Space Happen! Managing Fiscal Policy in a World of Scaled-Up Aid’, WIDER Research Paper 2006/125, Helsinki: UNU-WIDER. HM Treasury (2003) ‘Corporate Challenge: Strengthening Community Involvement’, London: HM Treasury. uk. , P. Conceição, K. Le Goulven, and R. U. Mendoza (eds) (2003) Providing Global Public Goods: Managing Globalization, New York: Oxford University Press for UNDP.
Development Finance in the Global Economy: The Road Ahead (Studies in Development Economics and Policy) by Tony Addison, George Mavrotas