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scarce. Poverty traps in the sense of zero growth for low income countries are rejected by the data in most time periods …. There is evidence of divergence between rich and poor nations in the long run, but this does not imply zero growth for the …
Persistent link: https://www.econbiz.de/10005162623
There are significant differences of opinion about the merits of additional aid in meeting the MDGs, including whether and how aid should be given in ‘fragile states’, whether additional aid on the scale envisioned can be effectively used even in well-managed economies, and whether the aid...
Persistent link: https://www.econbiz.de/10005162643
We assess the dynamics behind the high net resource transfers by donors and creditors to sub-Saharan African countries. Analyzing the determinants of overall net transfers for a panel of 37 recipient countries in 1978–98, we find that country policies mattered little. Donors—especially...
Persistent link: https://www.econbiz.de/10005162660
, health, or education (likely to have no relationship to growth over four years); and (3) aid that plausibly could stimulate …Past research on aid and growth is flawed because it typically examines the impact of aggregate aid on growth over a … short period, usually four years, while significant portions of aid are unlikely to affect growth in such a brief time. We …
Persistent link: https://www.econbiz.de/10005162676
Poverty reduction is now, and quite properly should remain, the primary objective of the World Bank. But, when the World Bank dreams of a world free of poverty—what should it be dreaming? I argue in this essay that the dream should be a bold one, that treats citizens of all nations equally in...
Persistent link: https://www.econbiz.de/10005162673
The paper addresses three key issues raised by the G-7 in its proposals to reform the multilateral banks, in 2001. One, the restructuring of IDA with a part of its lending in the form of grants rather than loans. Two, the harmonization of procedures, policies and overlapping mandates among MDBs....
Persistent link: https://www.econbiz.de/10005162680
The World Bank’s new Program for Results (PforR) instrument is only the third instrument approved by its Board and the first to directly link disbursements to results. Designed to support programs of service delivery, the program is still in its early stages. This paper provides an overview of...
Persistent link: https://www.econbiz.de/10010797641
What should the World Bank optimally do with the US$10 to $20 billion it can loan each year? Has it, in fact, done what is optimal? These two questions, one theoretical and one empirical, have been around for a long time and remain controversial in both academic and policy circles. This study...
Persistent link: https://www.econbiz.de/10005509594
Increasing integration has made the great challenge of reducing poverty and advancing human development more achievable than ever, and more dependent than ever on good global economic governance. In this paper I set out the economic logic for why good global economic governance matters for...
Persistent link: https://www.econbiz.de/10005509599
The US government’s proposed $5 billion Millennium Challenge Account (MCA) could provide upwards of $250-$300m or more per year per country in new development assistance to a small number of poor countries judged to have relatively “good” policies and institutions. Could this assistance be...
Persistent link: https://www.econbiz.de/10005227028