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Does School Autonomy Make Sense Everywhere? Panel Estimates from PISA

Hanushek, Eric A. - 2012

Decentralization of decision making is among the most intriguing recent school reforms, in part because countries went in opposite directions over the past decade and because prior evidence is inconclusive. We suggest that autonomy may be conducive to student achievement in well-developed...

Persistent link: https://www.econbiz.de/10013109656

Specialization and Market Development as Engines of Growth

Phillips, Kerk - 2012

This paper constructs a model of growth based on Adam Smith's notions of specialization and extent of the market. We seek to explain the following stylized facts. 1) The share of household production in total output has fallen over time as the economy has grown. 2) Services as a percent of GDP...

Persistent link: https://www.econbiz.de/10013110580

Sovereign Wealth Funds and Emerging Economies : Tools for Boosting Development and Shifting Capital Flows

Zamarioli, Luis H. - 2012

Following the 2008 global financial crisis, Sovereign Wealth Funds (SWFs) gained visibility. Despite the regulation demands by host states, this new sovereign role in international markets can work as an important tool for developing countries. By cushioning imbalance periods and insulating from...

Persistent link: https://www.econbiz.de/10013110684

The World Bank and the Global Financial Crisis : The Reemergence of Lending to Middle-Income Countries

Winters, Matthew S. - 2012

In this article, I review the World Bank's response to the global financial crisis that began in the fall of 2008. I … show that the World Bank significantly increased lending after the crisis began. The majority of this new lending went to … middle-income countries rather than to the poorest countries of the world. At first glance, this might seem like the Bank was …

Persistent link: https://www.econbiz.de/10013110898

Food Sovereignty for Poor Countries in the Global Trading System

Gathii, James Thuo - 2012

In this Brenden Brown Lecture delivered at Loyola New Orleans Law School in April, 2011, I address how imported foods often produced under heavy subsidization are quickly displacing locally grown subsistence foods in poor countries. As a result, local peoples in many countries have lost their...

Persistent link: https://www.econbiz.de/10013110968

Survey of the Literature on Successful Strategies and Practices for Export Promotion by Developing Countries

Belloc, Marianna - 2012

Export promotion policies refer to the set of foreign trade policies targeted to exports enhancement. The aim of the present paper is reviewing the wide experience collected by the various countries in the past. Our purpose is two-fold. On the one side, our contribution aims at identifying the...

Persistent link: https://www.econbiz.de/10013111072

Post-Crisis Debt Overhang : Growth Implications Across Countries

Elmeskov, Jörgen - 2012

Public debt in the OECD area passed annual GDP in 2011 and is still rising. For many countries, just stabilising debt - let alone bringing it down to a more sustainable level - is a major challenge. The debt overhangs can affect growth through channels such as raising the cost of capital. The...

Persistent link: https://www.econbiz.de/10013111470

Does Trade Openness Make Countries Vulnerable?

Montalbano, Pierluigi - 2012

This paper focuses on the welfare costs of exposure to shocks linked to trade openness, an issue that is of main interest for international economic policy. It addresses the question as to whether the current process of trade liberalisation has a net destabilising effect on partner countries,...

Persistent link: https://www.econbiz.de/10013111491

The Global Fund to Fight AIDS, Tuberculosis and Malaria : An Innovation in the Form of International Organization

Newton, Gülen - 2012

As a partnership amongst governments, civil society, the private sector and communities, the Global Fund to Fight AIDS, Tuberculosis and Malaria (the “Global Fund”) represents an innovation in the mechanisms for international health financing. This article examines the innovative features of...

Persistent link: https://www.econbiz.de/10013111629

Investment and Growth in Rich and Poor Countries

Cheung, Yin-Wong - 2012

This paper revisits the association between investment and growth. The empirical findings highlight substantial heterogeneity for the effect of investment on growth and suggest a possible negative association. Results based on a battery of cross-sectional and time-series regressions show that...

Persistent link: https://www.econbiz.de/10013111672