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in China. A short-lived alliance between the U.S.S.R. and China led to the construction of 150 "Million-Rouble plants" in …
Persistent link: https://www.econbiz.de/10013477236
-income countries into the global economy. Led by China and India, the share of developing economies in global exports more than doubled … between 1994 and 2008. One feature of new trade patterns is greater South-South trade. China and India have booming demand for …-South commerce overtakes North-North flows. China's export specialization evolves rapidly over time, revealing a capacity to speed up …
Persistent link: https://www.econbiz.de/10012460698
The accumulation of international reserves by emerging markets raises the question of how to best utilize these funds. This paper explores two routes through which the pooling of reserves could enhance stability and welfare. First, the reserve pool could be used for emergency lending in response...
Persistent link: https://www.econbiz.de/10012466213
On their fiftieth anniversary, the International Monetary Fund and the World Bank were" extensively reviewed, both to mark the occasion and to consider, often critically roles and performance. This paper reviews the functions of the two institutions in light of their" evolution over the past...
Persistent link: https://www.econbiz.de/10012472488
Why should multilateral lending exist in a world where private capital markets are well developed and governments have their own bilateral aid programs? If lending by the World Bank, IMF, and regional development banks has an independent rationale, it must rest on advantages generated by the...
Persistent link: https://www.econbiz.de/10012473722
This paper looks at the problem of making multiple lending decisions which affect the supply of the product when the consequences of these lending decisions are interrelated via the effect on the world price of the product. This is termed the 'adding up problem'. It is argued that thinking of...
Persistent link: https://www.econbiz.de/10012473899
Blended finance---the use of public and philanthropic funding to crowd in private capital---is a potential way to finance a more sustainable world. While blended finance holds the promise of being catalytic in mobilizing vast amounts of private capital, little is known about this practice. In...
Persistent link: https://www.econbiz.de/10014512141
We report the results from a field experiment with a micro lender in Uganda to test the effectiveness of privately implemented incentives for loan repayment. Using a randomized control trial we measure the impact of three different treatments: Borrowers are either given a lump sum cash reward...
Persistent link: https://www.econbiz.de/10012461638
There is limited causal evidence on the effects of different public procurement regulations on project quality and value-for-money for projects funded by national governments and foreign aid donors. This paper uses policy and experimental variation to study how two key contracting...
Persistent link: https://www.econbiz.de/10014226145
Critics of foreign aid programs argue that these funds often support corrupt governments and inefficient bureaucracies. Supporters argue that foreign aid can be used to reward good governments. This paper documents that there is no evidence that less corrupt governments receive more foreign aid....
Persistent link: https://www.econbiz.de/10012471686