Lack of access to finance is often cited as a key reason for why poor people remain poor. This Paper uses data on the Indian rural branch expansion programme to provide empirical evidence on this issue. Between 1977 and 1990, the Indian central bank mandated that a commercial bank could open a...

Kenya Growth Vision 2030 proposes policy and institutional reforms that make it possible for the country to achieve development status of a middle income country by 2030. This paper outlines the institutional framework necessary to achieve 'Super Growth,' which describes the character of growth...

The purpose of this paper is to reflect, from an economist`s point of view, on the methodological issues raised by the study of social capital. This term has been used in many different ways to cover a broad range of phenomena (Durlauf & Fafchamps 2002). Perhaps it is best seen as a way of...

This paper seeks to critically examine recent debates on global governance, albeit from a human development perspective. In doing so it identifies and describes two important principles for building institutions for the advancing of human development: what may be termed the imperative of...

The article presents an analysis and interpretation of the transformations of the notions of development elaborated by the World Bank throughout its history, particularly in relation to Latin America. The thrust of the argument is that World Bank’s understanding of development is not...

Infrastructure plays a key role in promoting and sustaining rapid economic growth. Properly designed infrastructure can also make growth more inclusive by sharing its benefits with poorer groups and communities, especially by connecting remote areas and small and landlocked countries to major...

Unlike what is commonly believed, the last two decades have not witnessed the twilight of industrial policy. Instead, incentives and subsidies have been refocused on exports and direct foreign investment, in the belief that these activities are the source of significant positive spillovers. The...

For rural industrial growth, substantial amount of investment is required in the non-farm business sector. In a predominantly agrarian economy, such investment may have a possibility to come from the landowning farmers. In other words, growth of rural industrial activities depends, to a large...

The world’s largest donor of ODA during the 1990s, Japan, is now making substantial cuts. ODA decreased by three per cent for the fiscal year ending March 2002 and for the coming year another ten percent cut will be made. This is an attempt to improve the situation of the Japanese state budget...