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• Tariffs still matter. • Full tariff liberalisation to 2010 would generate dynamic welfare gains of $1 200 billion (at 1995 prices), equivalent to 3 per cent of World GDP in 2010, from greater efficiency and higher productivity. • Developing countries stand to gain relatively more from...
Persistent link: https://www.econbiz.de/10004962361
• Advanced developing countries are increasingly encouraged to remove existing capital controls, but mixed experiences with capital account opening caution that reform must be carefully designed to increase efficiency and growth without compromising stability • A gradual dismantling of...
Persistent link: https://www.econbiz.de/10004962365
• Empowerment of the poor is one ingredient in effective poverty reduction. • A demand-driven participatory approach enhances effectiveness and efficiency. • Accountability is the central lever for participatory governance. • Capacity building is necessary for making participatory...
Persistent link: https://www.econbiz.de/10004962367
The tsunami disaster in the Indian Ocean on 26 December 2004, to which more than 225 000 deaths had been attributed by the United Nations’ six-month review in June 2005, elicited a worldwide humanitarian relief effort unprecedented in its scale; individuals, firms, non-governmental...
Persistent link: https://www.econbiz.de/10004962370
. Lowering interest rates and, thus, the cost of borrowing in the rand zone (Lesotho, Namibia, Swaziland and South Africa) is a priority to promote investment and economic growth. . Local-currency interest rates in these countries are driven by those on rand-denominated transactions. Reducing...
Persistent link: https://www.econbiz.de/10004962372
. A growing recognition of the need to delimit the role of the government, to promote the market framework, and to rely on the private sector as the engine of growth, offers the prospect of a new beginning in rural development in Africa. . Rural people must take a more dominant role, both in...
Persistent link: https://www.econbiz.de/10004962375
OECD countries face at least five major challenges for promoting policies that are consistent with their development goals: . ensuring security and political stability; . anticipating the impacts of their macroeconomic policies on developing-country growth; . increasing both market access and...
Persistent link: https://www.econbiz.de/10004962376
The Millennium Development Goals, the aid effectiveness agenda, and global interdependence have contributed to more demand and a sense of urgency for greater public awareness and learning about these promises, and challenges, in OECD countries. Donors and practitioners could make greater use of...
Persistent link: https://www.econbiz.de/10004962377
Aid and trade policies – in OECD countries and in developing countries – might reinforce each other to promote development, or they might be substitutes: the sign of the correlation between trade and aid flows depends on the context. East Asia’s rapid growth demonstrates the important...
Persistent link: https://www.econbiz.de/10004962379
. The poor are the principal beneficiaries of universal access to social services. . Instead of thinking in terms of supply, we need to meet the demand for services from the poor. . Policies should be judged by their outcomes rather than by the amount of resources employed. . Coherent, long-term...
Persistent link: https://www.econbiz.de/10004962380