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Author: James M. Boughton
Publisher: OUP Oxford
ISBN: 0191553662
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
This book provides an assessment of the role of the International Monetary Fund in poor countries. In recent years, a large portion of the work of the IMF has focused on the economies of low-income countries by aiming to create conditions conducive to poverty reduction and stable economic growth. More than two fifths of the IMF's 185 members are low-income countries and many others have substantial pockets of poverty in their populations. Since economic development and the reduction of poverty are the most important economic challenges that these countries face, how can the IMF best help them? How can the imperative of macroeconomic and financial stability be reconciled with the requirements for sustained economic growth? This volume brings together the research of leading economists, political scientists, and historians to suggest ways for the IMF to address these issues effectively
Author: James M. Boughton
Publisher: OUP Oxford
ISBN: 0191553662
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
This book provides an assessment of the role of the International Monetary Fund in poor countries. In recent years, a large portion of the work of the IMF has focused on the economies of low-income countries by aiming to create conditions conducive to poverty reduction and stable economic growth. More than two fifths of the IMF's 185 members are low-income countries and many others have substantial pockets of poverty in their populations. Since economic development and the reduction of poverty are the most important economic challenges that these countries face, how can the IMF best help them? How can the imperative of macroeconomic and financial stability be reconciled with the requirements for sustained economic growth? This volume brings together the research of leading economists, political scientists, and historians to suggest ways for the IMF to address these issues effectively
Author: Jayanta K. Nanda
Publisher: Sarup & Sons
ISBN: 9788176252546
Category : Industrialization
Languages : en
Pages : 208
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Book Description
Author: Dimitri Vittas
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 60
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Book Description
April 1995 Is Japan a good model for developing countries? Certainly macroeconomic stability, good information systems, effective monitoring, and financial discipline are essential for smooth-functioning, efficient financial systems. But is there scope for state intervention in organizing the financial system and using well-designed, narrowly focused directed credit programs in the transition from malfunctioning financial systems to modern, efficient ones? The Japanese government's role in creating a macroeconomic and financial environment conducive to rapid industrialization and economic growth went beyond maintaining price stability, say Vittas and Kawaura. The government created a stable but segmented and tightly regulated financial system that favored the financing of industry over other sectors of economic activity. Lending practices, the direction of policy-based finance, and the structure of Japan's financial system changed over time, but one thing stayed constant: the authorities' vision. Some observers maintain that Japanese policies -- emphasizing the development of internationally competitive industries -- retarded economic growth. And government policies were not the only or even the most important factor in Japan's success. One key to success was government agencies' close cooperation with the private sector, and the government's reliance on privately owned and managed corporations to achieve government-favored industrial goals. Japan's financial system was quite different from Anglo-American and continental European financial systems. Vittas and Kawaura discuss some characteristics of the Japanese system in the high growth era: * The preponderant role of indirect finance. * The overloan position of large commercial banks. * The overborrowing of industrial companies. * Artificially low interest rates. * The segmentation and fragmentation of the financial system. * The underdevelopment of securities markets and institutional investors. * The key role played by the main bank system. * The close relations between banks and industry. * The different roles debt and equity played in the Japanese system. * The role large conglomerate groups, especially general trading companies, played in channeling funds to small firms at the industrial periphery. * The role of policy-based financial institutions. These features evolved in the context of high savings rates and an accumulation of assets, mobilized mostly through deposit institutions, including the postal savings system, and transformed into short- and long-term and risky loans through commercial and long-term credit banks as well as specialized government financial institutions. Are hard work and good management the secrets of Japan's success? Hard work may be as much a symptom as a cause of economic success, say Vittas and Kawaura. But good management has unquestionably been a key to Japan's economic success. Whether Japan's approach is better than others is more difficult to answer. Japan may have overtaken several European countries but was still lagging behind the United States and a few European countries in per capita income expressed in purchasing power parity terms. And although the Japanese approach played a significant part in promoting industrialization and accelerating economic growth during the period of reconstruction and high growth, it also entailed significant long-term costs -- in terms of poor-quality housing and other urban infrastructure, for example. And the excesses of the 1980s and Japan's current economic recession undermine claims about its ability to continuously outperform other countries. This paper -- a product of the Financial Sector Development Department -- is part of a project to study the effectiveness of credit policies in East Asia. Dimitri Vittas may be contacted at
[email protected].
Author: Rixu Lan
Publisher: Springer Nature
ISBN: 9819782732
Category :
Languages : en
Pages : 366
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Book Description
Author: Codesria
Publisher: IDRC
ISBN: 0889368880
Category : Business & Economics
Languages : en
Pages : 514
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Book Description
African Voices on Structural Adjustment presents 14 in-depth studies on the history and future of structural adjustment in Africa. Each study appraises the performance of structural adjustment policies (SAPs) with respect to a particular sector or issue. Each evaluates the compatibility of SAPs with the requirements for long-term development in Africa. And, most importantly, each presents a truly African perspective. The contributors represent an outstanding collection of leading African economists and development experts. This volume is intended as a companion to Our Continent, Our Future. It will appeal to students, professors, academics, and researchers in development, economics, and African studies; professionals in donor organizations around the world; and economic policymakers in both the governmental and non-governmental sectors
Author: James E. Austin
Publisher: Simon and Schuster
ISBN: 0743236297
Category : Business & Economics
Languages : en
Pages : 484
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Book Description
With hundreds of examples, James E. Austin shows how managers must interact with Third World governments in each of the functional areas of management: finance, production, marketing and organization. Building on 25 years of teaching and field research, James Austin presents a comprehensive analysis of the dynamics of the Third World business environment where, unlike the West, government is what the author terms a "megaforce".
Author: United Nations Staff
Publisher: The Stationery Office
ISBN: 9780119867244
Category :
Languages : en
Pages : 440
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Book Description
Treaties and International Agreements Registered or Filed and Recorded with the Secretariat of the United Nations
Author: Mr.Saíd El-Naggar
Publisher: International Monetary Fund
ISBN: 9781557754189
Category : Business & Economics
Languages : en
Pages : 116
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Book Description
Recent developments at both the international and national levels - including the globalization of financial markets and the wave of liberalization, deregulation, and privatization- have pushed the issue of financial markets to the forefront of the development agenda. This book, edited by Said El-Naggar, comprises the proceedings of a seminar held in Abu Dhabi in January 1994. It provides a comprehensive analysis of various aspects of capital markets in general and particularly in the Arab countries.
Author: Maxwell J. Fry
Publisher: Psychology Press
ISBN: 9780415156400
Category : Business & Economics
Languages : en
Pages : 302
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Book Description
First Published in 1997. Routledge is an imprint of Taylor & Francis, an informa company.
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Housing and Community Development
Publisher:
ISBN:
Category : Community development
Languages : en
Pages : 1886
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Book Description
