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With concern about how to finance the Millennium Development Goals (MDGs) widespread, recent donor pledges to raise aid volumes are welcome. However, aid alone will not suffice – bringing in new actors and sources of development finance will be essential. In many developing countries, this is...
Persistent link: https://www.econbiz.de/10004962341
. Political commitment is the key ingredient needed for economic take-off and long-term growth. Poor countries will be unable to escape the vicious circle of poverty unless they and the international community join forces. . Inappropriate financial policies can lead to a decline in and poor...
Persistent link: https://www.econbiz.de/10004962343
• There are benefits from Latin American pension reform, but they have been overestimated. • The approaches taken in second-generation reforms and their still early results hold lessons for OECD and non-OECD countries alike. • A partial shift to funding is feasible and can be financed in...
Persistent link: https://www.econbiz.de/10004962344
• Despite post-Monterrey donor initiatives, the Millennium Development Goals (MDGs) are underfinanced. • The revenue potential, the additionality and the speed of availability of new finance sources, and their political feasibility, are of particular importance. • On these criteria, it is...
Persistent link: https://www.econbiz.de/10004962347
Sovereign wealth funds have become important players in global financial markets. But their investments have repeatedly raised concerns, such as fear of industrial espionage or geopolitical threats. This paper argues that the principal motivation for setting up SWFs should put such concerns into...
Persistent link: https://www.econbiz.de/10004962349
In November 2005, Glenys Kinnock, Co-President of the ACP EU Joint Parliamentary Assembly, reported that “there are more nurses from Malawi in Manchester than in Malawi and more doctors from Ethiopia in Chicago than Ethiopia.”1 These Africans had been lured North by work permits targeted at...
Persistent link: https://www.econbiz.de/10004962350
• Biotechnology offers the potential for more environmentally-friendly agriculture but the conditions for developing countries to take advantage of that potential should be created. • Policy intervention is needed to ensure that biotechnology responds to the priorities set for agriculture....
Persistent link: https://www.econbiz.de/10004962354
A large, untapped reservoir of potential partnerships between private financial institutions (banks, asset managers, private equity firms, etc.) and aid donors remains to be fully exploited. Banks, private equity and asset management firms are important parts of a broad set of private actors in...
Persistent link: https://www.econbiz.de/10004962355
. Developing countries will account for almost all the increase in the world's labour force over the next 25 years; most countries, especially in Africa, will experience very rapid labour force growth. . Labour-intensive development has been spectacularly successful in some countries and others...
Persistent link: https://www.econbiz.de/10004962357
Suppose a DAC donor earmarks $1 billion of taxpayers’ money for official development assistance (ODA). The donor may use two instruments as an outright grant or in combination with a market loan to produce a concessional loan of $2 billion with a percentage grant element of 50 per cent. Many...
Persistent link: https://www.econbiz.de/10004962358