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10% per annum, the drop in trend growth of as much as 4% is insufficient to deter reneging. Debt relief generally … improves the relative attractiveness of debt repayment. With a 10% discount rate, however, even writing off 75% of India …'s external debt fails to make debt repayment incentive-compatible. …
Persistent link: https://www.econbiz.de/10005666962
Persistent link: https://www.econbiz.de/10015055069
This paper attempts to analyse the economic implications of the rise of China, India, Brazil and South Africa, for developing countries situated in the wider context of the world economy. It examines the possible impact of their rapid growth on industrialized countries and developing countries,...
Persistent link: https://www.econbiz.de/10009011707
Time was when solar energy was facilely dismissed as impractical, inefficient, and pricey. In recent years, however, innovations in technology, regulation, and financing have resulted in remarkable efficiency improvements and price reductions, thereby reversing the skepticism about this...
Persistent link: https://www.econbiz.de/10011333636
The policy debate has been shifting from the finance-growth nexus to the finance-inequality relationship. In the transition from Millennium Development Goals (MDGs) to Sustainable Development Goals (SDGs), there has been an urgent policy challenge of putting some structure on recent advances in...
Persistent link: https://www.econbiz.de/10011408920
Financing from institutional investors will be critical to achieving the sustainable development goals and curbing climate change. However, these large investors have been largely absent from multilateral initiatives to mobilise private capital. Partly as a result, such initiatives have been...
Persistent link: https://www.econbiz.de/10012630316
The overarching question tackled in this paper is: to what degree has financial development contributed to providing opportunities of human development for those on low-incomes and by what information technology mechanisms? We survey about 180 recently published papers to provide recent...
Persistent link: https://www.econbiz.de/10011638882
The overarching question tackled in this paper is: to what degree has financial development contributed to providing opportunities of human development for those on low-incomes and by what information technology mechanisms? We systematically review about 180 recently published papers to provide...
Persistent link: https://www.econbiz.de/10011998250
In this paper we seek to examine the relationship between globalisation in its current form and social outcomes (in particular, poverty and inequality) in developing countries with special reference to channels of causation that involve the effects of globalisation on labour markets. In...
Persistent link: https://www.econbiz.de/10014054884
information, debt, and later migration were incompatible with systematic fraud. …
Persistent link: https://www.econbiz.de/10011984655