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742. Inequality, Growth and Poverty in the Era of Liberalization and Globalization
- Author:
- Julius Court and Giovanni Andrea Cornia
- Publication Date:
- 11-2001
- Content Type:
- Policy Brief
- Institution:
- United Nations University
- Abstract:
- Eradicating poverty has become the international community's number one development objective. The overriding target—endorsed at the recent United Nations Millennium Summit by virtually all world leaders—is to reduce the incidence of income-poverty in developing countries from 30 percent to 15 percent between 1990 and 2015. The problem is that that further progress has stalled and the number of people living in poverty has remained at around 1.2 billion people—a fifth of the world's population.
- Topic:
- Economics, Globalization, International Cooperation, and Poverty
743. Access to Land and Land Policy Reforms
- Author:
- Alaine de Janvry and Elisabeth Sadoulet
- Publication Date:
- 04-2001
- Content Type:
- Policy Brief
- Institution:
- United Nations University
- Abstract:
- Who should have access to land? What is the optimum definition of property rights and use rights in each particular context? Is government intervention justified to influence who has access to land and under what conditions? These questions remain, in most developing countries, highly contentious. It is indeed the case that land is all too often misallocated among potential users and worked under conditions of property or user rights that create perverse incentives. As a consequence, investments to enhance productivity are postponed, and responses to market incentives are weakened; many poor rural households are unable to gain sufficient (or any) access to land when this could be their best option out of poverty; land remains under-used and often idle side-by-side with unsatisfied demands for access to land; land is frequently abused by current users, jeopardizing sustainability; and violence over land rights and land use is all too frequent. With population growth and increasing market integration for the products of the land, these problems tend to become more acute rather than the reverse. As a result, rising pressures to correct these situations have led many countries to reopen the question of access to land and land policy reforms. While large scale expropriative and redistributive land reforms are generally no longer compatible with current political realities, there exist many alternative forms of property and use rights that offer policy instruments to alter the conditions of access to land and land use. A rich agenda of land policy interventions thus exists to alter who has access to land and under what conditions for the purposes of increasing efficiency, reducing poverty, enhancing sustainability, and achieving political stability.Historically, the most glamorous path of access to land has been through statemanaged coercive land reform. In most situations, however, this is not the dominant way land was accessed by current users and, in the future, this will increasingly be the case. Most of the land in use has been accessed through private transfers, community membership, direct appropriation, and market transactions. There are also new types of state-managed programmes of access to land that do not rely on coercion. For governments and development agents (NGOs, bi-lateral and international development agencies), the rapid decline in opportunities to access land through coercive land reform should thus not be seen as the end of the role of the state and development agents in promoting and altering access to land. The following paths of access to land in formal or informal, and in collective or individualized ownership can, in particular, be explored (Figure 1): (1) Intra-family transfers such as inheritances, inter-vivo transfers, and allocation of plots to specific family members; (2) access through community membership and informal land markets; (3) access through land sales markets; and (4) access through specific non-coercive policy interventions such colonization schemes, decollectivization and devolution, and land market-assisted land reform. Access to land in use can also be achieved through land rental markets (informal loans, land rental contracts) originating in any of these forms of land ownership. Each of these paths of access to land has, in turn, implications for the way land is used. Each can also be the object of policy interventions to alter these implications of land use. The focus of this policy brief is to explore each of these paths and analyse how to enhance their roles in helping increase efficiency, reduce poverty, increase equality, enhance sustainability, and achieve political stability.
- Topic:
- Demographics, Economics, and Government
- Political Geography:
- United States
744. EMU Effects on International Trade and Investment
- Author:
- Harry Flam and Per Jansson
- Publication Date:
- 04-2000
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- The partial effect of nominal exchange rate volatility on exports from each EMU member to the rest of the EMU is estimated on annual data for 1967-97, using modern time-series methods. The long-run relations between exchange rate volatility and exports are mostly negative and in several cases insignificantly different from zero. Thus, these estimates do not provide much support for the hypothesis that the elimination of nominal exchange rate volatility will significantly increase trade within the EMU. However, the EMU will presumably lead to geographical concentration of production and therefore indirectly to increased trade within the EMU and, during a transitional stage, to increased foreign direct investment, both within the EMU and between the EMU and the rest of the world.
- Topic:
- Economics, Government, International Political Economy, and International Trade and Finance
- Political Geography:
- Europe
745. The Impact of EMU on European Transition Economies
- Author:
- David Begg
- Publication Date:
- 04-2000
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- An interesting theory of transition must give a convincing account of structural adjustment and supply side improvement. In this paper, I discuss the incentives for government to undertake costly supply side improvement and how these relate to incentives governing the design of monetary and fiscal policy during transition. The government cares about deviations of inflation, output and government spending from their ideal levels, is subject to a budget constraint in which inflation yields some real revenue, and recognizes the distortionary effects of excess levels of taxation. Costly structural adjustment enhances future output by reducing supply side distortions.
- Topic:
- Economics, Government, and International Political Economy
- Political Geography:
- Europe
746. From Rhetoric to Policy: Towards Workable Conflict Prevention at the Regional and Global Levels — Report on a Workshop
- Author:
- David Carment, Albrecht Schnabel, and Abdul-Rasheed Draman
- Publication Date:
- 01-2000
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- This piece constitutes a report of the workshop “From Rhetoric to Policy: Towards Workable Conflict Prevention at the Regional and Global Level” held at INSTRAW, Santo Domingo, Dominican Republic from December 14-16, 1998. Jointly organised by the United Nations University and the Norman Paterson School of International Affairs, Carleton University, the workshop drew participants from the UN system, the academic community and practitioners in the field. The workshop, which represents the second stage of a general project aimed at 'Translating Rhetoric into Policy,' focussed on examining training needs for conflict prevention through the involvement of local actors.
- Topic:
- Security, Peace Studies, and United Nations
747. EMU and the Developing Countries
- Author:
- Benjamin J. Cohen
- Publication Date:
- 03-2000
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- The purpose of this paper is to explore economic and political implications of Europe's Economic and Monetary Union (EMU) for developing countries. In strictly economics terms, influences will be communicated through both trade and financial channels. Economies in the developing world will be affected by changes in European growth rates as well as by EMU's impact on transaction costs and enterprise competitiveness within Europe; they will also be impacted by changes in the structure and efficiency of Europe's capital markets. Modifications may be anticipated in borrowing and investment practices at the private level as well as in reserve and debt-management policies at the official level. In political terms, developing countries will be most directly influences by the anticipated rivalry between Europe's new single currency, the euro, and the dollar, which will compel developing countries to reconsider their own national currency strategies. Three conclusions stand out. First, except for selected groups of countries with particularly close ties to the EU, most economic linkages appear marginal at best. It is much easier to enumerate possible channels of transmission than to find many that appear quantitatively significant. Second, among economic effects of EMU, financial channels seem to matter more than trade channels. And third, across the full range of possible linkages, the most lasting influences for developing countries may well turn out, notably, to be political rather than either trade or financial. Significant changes are likely in exchange-rates regimes in many parts of the developing world.
- Topic:
- Emerging Markets, Government, and International Political Economy
- Political Geography:
- Europe
748. Will the Euro Trigger More Monetary Unions in Africa?
- Author:
- Patrick Honohan and Philip R. Lane
- Publication Date:
- 03-2000
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- We analyse the prospects for greater monetary integration in Africa, in the wake of EMU. We argue that the structural characteristics of African economies are quite different to the EMU members but that much can be gained from monetary cooperation, as an external agency of restraint and in promoting stability in the financial sector. EMU has only a marginal impact on the net benefits of monetary cooperation but the euro would be a natural anchor for any African monetary unions. Indeed, the most likely route to new monetary cooperation in Africa is via a common peg to the euro.
- Topic:
- Emerging Markets and International Political Economy
- Political Geography:
- Africa and Europe
749. Globalization, Marginalization and Development
- Author:
- S. Mansoob Murshed
- Publication Date:
- 02-2000
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- This paper surveys issues related to globalization, and the obstacles to the successful integration of vulnerable economies. For many developing countries, the positive benefits of the increased globalization that has been taking place since around 1980 remain distant and elusive. The economies of many countries in the developing world remain extremely vulnerable to domestic and external shocks. They have, effectively, become marginalized from the world system. To a great extent, the obstacles to the successful participation of vulnerable developing economies in the international system are rooted in the causes of their underdevelopment and poor economic performance. Nevertheless, the new rules of the game and the international economic environment prevalent since about 1980 following accelerated globalization, leaves them vulnerable in novel ways. Developing in the arrangements for conducting multilateral trade and technology transfer have left nations in the South more vulnerable than in the past. The ability to conduct independent macroeconomic policy is severely constrained. Nations are more reliant on volatile international capital markets, for finance and investment; many developing countries are completely eschewed by international private capital markets. The problem of poverty in many developing countries seems to have been exacerbated following globalization. When we consider the obstacles to the meaningful participation of vulnerable developing economies in the international system, many are domestic in origin, but external factors beyond the control of these countries play an important part as well. Among the former are poorly designed policies to promote growth on the supply-side, macroeconomic mismanagement on the aggregate demand side and institutional failure. In the latter category protectionist tendencies in the North are the most important factor. Many of these appear in the guise of concerns for environmental and labour standards. Globalization does, however, offer new possibilities to developing countries; particularly because shifts in the international division of labour, as well as technological innovations, could favour the South.
- Topic:
- Development, Emerging Markets, Globalization, International Political Economy, and Third World
750. Information Technology and Economic Growth: A Cross-Country Analysis
- Author:
- Matti Pohjola
- Publication Date:
- 01-2000
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- This paper explores the impacts of information technology investment on economic growth in a cross-section of 39 countries in the period 1980-95 by applying an explicit model of economic growth, the augmented version of the neoclassical (Solow) growth model. The results based on the full sample of 39 countries indicate that physical capital is a key factor in economic growth in both developed and developing countries. Its influence is even bigger than what is implied by the income share of capital in national income accounts. But neither human capital nor information technology seems to have a significant impact on GDP growth. However, investment in information technology has a strong influence on economic growth in the smaller sample of 23 developed (OECD) countries. Its impact is almost as large as that of the rest of the capital stock. But since the share of IT investment in GDP, although growing, is still much lower than the share of non-IT investment, the net social return to IT capital is much larger than the return to non-IT capital: 60-80 per cent versus 4 per cent, respectively. The estimated return is very high; about twice the return to equipment investment and 10-12 times the return to R obtained in similar models as the one applied here.
- Topic:
- Economics, Emerging Markets, and Science and Technology
751. Social Funds in Stabilization and Adjustment Programmes
- Author:
- Giovanni Cornia
- Publication Date:
- 04-1999
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- Well before the introduction of adjustment-related Social Funds (SFs), many developing countries had developed a variety of safety nets comprising food subsidies, nutrition interventions, employment-based schemes and targeted transfers. Middle-income and a few low-income countries had also achieved extensive coverage in the field of social insurance. In countries committed to fighting poverty, these programmes absorbed considerable resources (2-5 per cent of GDP, excluding social insurance) and had a large impact on job creation, income support and nutrition: for instance, in 1983, Chile's public works programme absorbed 13 per cent of the labour force. Their ability to expand quickly depended on a permanent structure of experienced staff, good portfolios of projects, clear management rules, adequate allocation of domestic resources, supply-driven execution and, with the exception of food subsidies, fairly good targeting.
- Topic:
- Foreign Policy, Development, and Government
- Political Geography:
- Africa, United States, South Asia, South America, Latin America, Central America, Caribbean, and Chile
752. Regulation of Social Services in the Least Developed Countries: What are the Issues at Stake?
- Author:
- Cecilia Ugaz
- Publication Date:
- 12-1999
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- The privatization trend affecting the state involvement in productive sectors is also challenging the role of the state in the provision of social services. And, as private participation in social sectors increases, a regulatory framework is needed to ensure that the market reaches socially efficient outcomes. The regulation of social services carries the problem of conceptualization. What is the aim of regulatory intervention in social sectors? And what is the market structure to which this regulatory constraint will be applied to? These are the questions we discuss in this paper, is devoted to analysing the role of regulation of social services in low-income countries within the so-called mixed economy of care, characterized by multiple providers: the state, the private sector, non-profit organizations.
- Topic:
- Emerging Markets, Government, and Third World
753. IMF Model and Resource-Abundant Transition Economies: Kazakhstan and Uzbekistan
- Author:
- Richard M. Auty
- Publication Date:
- 11-1999
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- The IMF model of the economic transition stresses the role of macro policy reform. It concludes that rapid reform to a market economy is preferable to slow reform because late reformers experience very steep transition recessions and severe contractions in government revenues. However, the predictive power of the IMF model has weakened through the late-1990s. This is because it under-estimates the role of initial conditions that include the natural resource endowment as well as institutional capital and the legacy of produced capital. This paper demonstrates how the predictive power of the IMF model can be improved by taking account of the impact of natural resource abundance for the transition. Resource abundance can feed corruption and diminish the urgency of reform, thereby intensifying the adverse effect of a retarded transition. It can also amplify the contraction of the non-booming tradeable sector due to Dutch disease effects. These adverse features are likely to be more severe where the resource endowment creates point source socio-economic linkages, as in mining, as opposed to the diffuse linkages associated with crop production by yeoman farmers. The detrimental effects of resource abundance are also likely to be more severe where institutional capital is deficient. Consistent with such a resource-constrained variant of the IMF model; resource-abundant Kazakhstan and Uzbekistan both delayed their reforms and both exhibit high levels of corruption relative to the transition economies as a whole. Also, economic recovery in Kazakhstan is slower than the original IMF model predicts because investment in minerals strengthened the exchange rate and retarded economic diversification. In the case of Uzbekistan, a natural resource endowment that yielded especially buoyant crop revenues (that eased the foreign exchange constraint) helps to explain why the growth collapse is less than the unadjusted IMF model predicts for such a slow reformer. This explanation is still too simple, however. Uzbekistan also benefits from robust social capital and limited obsolete industry, both of which retard the decline in government revenue. Finally, the resource-constrained IMF model suggests that the Uzbek policy of gradual reform represses exports and intensifies economic distortions. This will lock the economy into a staple trap and lead to a growth collapse, as the experience of many resource-abundant developing market economies testifies
- Topic:
- Emerging Markets, Environment, and International Organization
- Political Geography:
- Kazakhstan, Asia, Uzbekistan, and Dutch
754. Natural Resources and Economic Growth: A Nordic Perspective on the Dutch Disease
- Author:
- Thorvaldur Gylfason
- Publication Date:
- 10-1999
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- The paper begins by offering a quick glance of the Nordic economies and of some aspects of their economic growth performance and natural resource dependence since 1970. Thereafter, it reviews some of the main symptoms of the Dutch disease, and then considers whether these symptoms are observable in some of the Nordic countries in view of their abundant natural resources. The experience of Iceland and its fish seems an obvious point of departure. The paper then discusses the less obvious case of Norway and its oil (and fish!) and, at last, also reviews some possible linkages between forest resources and economic growth in Finland.
- Topic:
- Economics, Environment, and Government
- Political Geography:
- Europe, Finland, Norway, and Dutch
755. Development Discontinuities: Leaders and Intermediaries in Producers' Associations
- Author:
- Tito Bianchi
- Publication Date:
- 10-1999
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- The development literature considers associations an important economic development tool that allows producers to pursue their economic welfare collectively and through participatory means. This paper comparatively analyses the experience of three associations of agricultural producers in the underdeveloped regions of Brazil and Italy that were successful in this economic development task. Their experience, however, challenges a commonly held view about the participatory nature of associations.
- Topic:
- Development and Economics
- Political Geography:
- Europe, Brazil, South America, and Latin America
756. On the Regulation of Telecommunications Markets
- Author:
- Manfred J. Holler
- Publication Date:
- 08-1999
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- This paper discusses the theoretical concepts underlying recent developments in the regulation of telecommunications in Europe, the USA and developing countries with respect to efficiency and welfare. It focuses on analysing standardization problems, pricing rules and entry condition related to networks and network effects and derives preliminary policy recommendations for the telecommunications industry through a discussion of network models and related empirical evidence.
- Topic:
- Emerging Markets, International Political Economy, and Science and Technology
- Political Geography:
- United States and Europe
757. Resource-Led Growth — A Long-Term Perspective: The Relevance of the 1870-1914 Experience for Today's Developing Economies
- Author:
- Ronald Findlay and Mats Lundahl
- Publication Date:
- 07-1999
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- Resource-Led Growth – A Long-Term Perspective surveys the 1870-1914 experience of growth in resource-rich economies: the so-called regions of recent settlement, some tropical countries and some mineral-based export economies. First, three contrasting stylized views of resource-led development are presented. Thereafter the picture of international trade in primary products and the migration of production factors between 1870 and 1914 is sketched. The third section presents some models that may be used to analyse trade and factor movements in the context of resource-rich (staples) economies and provides some details of the experience of fifteen countries: Canada, the United States, Australia and Argentina among the regions of recent settlement, Brazil, Costa Rica, Colombia, Ceylon, Malaya, Burma, Siam and the Gold Coast in the tropical group, and Bolivia, Chile and South Africa among the mineral exporters.
- Topic:
- Economics, Environment, and International Political Economy
- Political Geography:
- United States, Canada, South Africa, Burma, Chile, and Bolivia
758. Group Behaviour and Development
- Author:
- Frances Stewart, Judith Heyer, and Rosemary Thorp
- Publication Date:
- 06-1999
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- A very large amount of activity occurs within groups (that is within families, firms, co-operatives, communities or governments). Yet most economic analysis focuses on market transactions between these agents. The purpose of the study is to analyse within group behaviour. Evidence suggests some groups perform well from the perspective of efficiency, equity and well-being, while others perform poorly. The study aims to identify the main causes for these different outcomes, developing a preliminary analysis of modes of group behaviour, and influences on them.
- Topic:
- Economics, Education, and Emerging Markets
759. Economic Theories of the Household: A Critical Review
- Author:
- Päivi Mattila-Wiro
- Publication Date:
- 04-1999
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- The aim of this paper is to review the principal assumptions and aspects of the unitary household model and collective models of household behaviour. Empirical studies are presented to assess whether the theories can offer adequate descriptions of household behaviour and to examine the types of policy implications that can be drawn from these. The paper concludes that the models reviewed lack the analytical tools to provide an understanding of the reality of households. Theories are unrealistic and therefore are of little use in the design of policies or projects which endeavour to help people
- Topic:
- Economics, Education, and Emerging Markets
760. Inequality in Income and Access to Education: A Cross-Country Analysis
- Author:
- Daniele Checchi
- Publication Date:
- 04-1999
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- In the current debate on the relationship between inequality in income distribution and growth one of the possible link works through the access to education. After reviewing this debate, a formal model shows how the imperfection of financial markets makes educational choices dependent on the distribution of family incomes. This leads to two testable predictions in the analysis of aggregate data on school enrolments: a negative (linear) relation with the Gini coefficient on incomes distribution; and a positive dependence on public resources invested in education and/or on skill premium in the labour market. These predictions are then tested on a (unbalanced) panel of 102 countries for the period 1960-90. The main findings of this analysis are that, once we control for the degree of development with the (log of) per capita output, financial constraints seem mainly relevant in limiting the access to secondary education. However, when considering gender differences, there is evidence that female participation in education is more strongly conditioned by family wealth, starting from primary education. On the contrary there is no clear evidence of a relevant impact of invested resources, but at the tertiary level.
- Topic:
- Economics, Education, and Emerging Markets