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This paper describes important trade-offs that microfinance practitioners, donors, and regulators navigate. Drawing evidence from large, global surveys of microfinance institutions, the authors find a basic tension between meeting social goals and maximizing financial performance. For example,...
Persistent link: https://www.econbiz.de/10012552010
The paper investigates the effects of short-term political motivations on the effectiveness of foreign aid. Specifically, the paper tests whether the effect of aid on economic growth is reduced by the share of years a country served on the United Nations Security Council (UNSC) in the period the...
Persistent link: https://www.econbiz.de/10012570941
Aid is expected to promote better living standards by raising investment and growth. But aid may also affect institutions directly. In theory, these effects may or may not work in the same direction as those on investment. The authors examine the effect of aid on economic institutions and find...
Persistent link: https://www.econbiz.de/10012553812
Trade preferences are a central issue in ongoing efforts to negotiate further multilateral trade liberalization. "Less preferred" countries are increasingly concerned about the discrimination they confront, while "more preferred" developing countries worry that WTO-based liberalization of trade...
Persistent link: https://www.econbiz.de/10012554178
The Millennium Development Goals set quantitative targets for poverty reduction and improvements in health, education, gender equality, the environment, and other aspects of human welfare. At existing rates of progress many countries will fall short of these goals. However, if developing...
Persistent link: https://www.econbiz.de/10012559580
The authors revisit the relationship between aid and growth using a new data set focusing on the 1990s. The evidence supports the view that the impact of aid depends on the quality of state institutions and policies. The authors use an overall measure of institutions and policies popular in the...
Persistent link: https://www.econbiz.de/10012559666
World Trade Organization. A distinction is made between market access liberalization and the regulatory preconditions for … making national treatment the objective of World Trade Organization services negotiations, thereby clarifying the scope of … World Trade Organization commitments for regulators. Moreover, liberalization by smaller and poorer members of the World …
Persistent link: https://www.econbiz.de/10012552899
control of aid funds, siphoning off scarce talent from the bureaucracy, and alleviating pressures to reform inefficient …
Persistent link: https://www.econbiz.de/10012572789
to lag: Sub-Saharan Africa, Eastern Europe, and Central Asia. Even more potent would be significant policy reform in the …. They use the model to investigate scenarios-of policy reform, of more efficient aid, and of greater volumes of aid …-that point the way to how the world could cut poverty in half in every major region. The fact that aid increases the benefits of …
Persistent link: https://www.econbiz.de/10012572793
Structural adjustment - as measured by the number of adjustment loans from the IMF, and the World Bank - reduces the … suffer less from the loss of old opportunities in sectors that were artificially protected before reform. Poverty's lower …
Persistent link: https://www.econbiz.de/10012572902