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Author : Edmund Valpy Knox Fitzgerald,Rob Vos
Publisher : Unknown
Page : 52 pages
File Size : 52,5 Mb
Release : 1993
Category : Externalities (Economics)
ISBN : UOM:39015029071696
Author : Mr.Omotunde E. G. Johnson
Publisher : International Monetary Fund
Page : 31 pages
File Size : 46,5 Mb
Release : 1990-12-01
Category : Business & Economics
ISBN : 9781451939163
Firms in developing countries that seek outside financing for investment must often choose their debt-equity combinations in the face of financial market constraints on debt service, on outside equity financing, and on internal finance (endowments). Inefficiencies in the allocation of available finance and in the equity-debt choices that can ensue can be prevented by appropriate policy measures to improve information on profitable investment opportunities and about firms; to directly strengthen financial intermediation; and to support appropriate credit guarantee schemes.
Author : A. Chhibber,M. Dailami,N. Shafik
Publisher : Elsevier
Page : 256 pages
File Size : 43,7 Mb
Release : 2013-10-22
Category : Business & Economics
ISBN : 9781483291345
The aim of the research described in this volume is to examine the behavior of private domestic investment in a sample of seven developing economies: Chile, Colombia, Egypt, Indonesia, Morocco, Turkey, and Zimbabwe. The studies represent a first step toward understanding the investment process in developing countries and the scope for government policy to affect private capital formation. Such issues will become increasingly important in the future as more developing countries try to encourage private investment. Four key issues emerge in the analysis of the determinants of private investment and its role in adjustment programs in developing countries. The first is the impact of changes in the exchange rate; the second major concern is the existence of crowding out of private activity as a result of government borrowing in domestic financial markets through interest rates or quantity rationing. A third and related issue is whether government spending, particularly that on investment, "crowds in" or "crowds out" private capital formation. Fourth, the effects of uncertainty are important in determining the response of private agents to changes in the incentive structure.
Author : Ajay Chhibber,Mansoor Dailami
Publisher : World Bank Publications
Page : 48 pages
File Size : 46,9 Mb
Release : 1990
Category : Finance, Public
ISBN : 8210379456XXX
The key to sustained recovery in developing countries is the revival of private investment. This revival requires a coordinated set of credible policies - fiscal, exchange rate, tax, and public expenditure restructuring. In several countries the debt overhang is also an obstacle to achieving that credibility.
Author : Rama Martín
Publisher : Unknown
Page : 58 pages
File Size : 47,8 Mb
Release : 1990
Category : Investments
ISBN : IND:30000061384032
Author : World Bank Group
Publisher : World Bank Publications
Page : 321 pages
File Size : 41,8 Mb
Release : 2020-07-06
Category : Business & Economics
ISBN : 9781464815430
The Global Investment Competitiveness Report 2019-2020 provides novel analytical insights, empirical evidence, and actionable recommendations for governments seeking to enhance investor confidence in times of uncertainty. The report's findings and policy recommendations are organized around "3 ICs" - they provide guidance to governments on how to increase investments' contributions to their country's development, enhance investor confidence, and foster their economies' investment competitiveness. The report presents results of a new survey of more than 2,400 business executives representing FDI in 10 large developing countries: Brazil, China, India, Indonesia, Malaysia, Mexico, Nigeria, Thailand, Turkey, and Vietnam. The results show that over half of surveyed foreign businesses have already been adversely affected by policy uncertainty, experiencing a decrease in employment, firm productivity, or investment. Foreign investors report that supporting political environments, stable macroeconomic conditions, and conducive regulatory regimes are their top three investment decision factors. Moreover, the report's new global database of regulatory risk shows that predictability and transparency increase investor confidence and FDI flows. The report also assesses the impact of FD! on poverty, inequality, employment, and firm performance using evidence from various countries. It shows that FDI in developing countries yields benefits to their firms and citizens-including more and better-paid jobs-but governments need to be vigilant about possible adverse consequences on income distribution. The report is organized in S chapters: Chapter 1 presents the results of the foreign investor survey. Chapter 2 explores the differential performance and development impact of greenfield FDI, local firms acquired by multinational corporations {i.e. brownfield FDI), and domestically-owned firms using evidence from six countries. Chapter 3 assesses the impact of FDI on poverty, inequality, employment and wages, using case study evidence from Ethiopia, Turkey and Vietnam. Chapter 4 presents a new framework to measure FDI regulatory risk that is linked to specific legal and regulatory measures. Chapter S focuses on factors for increasing the effectiveness of investment promotion agencies.
Author : Hilary Devine,Adrian Peralta-Alva,Hoda Selim,Luc Eyraud,Preya Sharma,Ludger Wocken
Publisher : International Monetary Fund
Page : 161 pages
File Size : 47,8 Mb
Release : 2021-05-14
Category : Business & Economics
ISBN : 9781513571560
The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.
Author : Jan Willem Gunning
Publisher : Springer
Page : 283 pages
File Size : 53,7 Mb
Release : 1994-02-12
Category : Business & Economics
ISBN : 9781349231690
In this book, original essays by outstanding authors consider key issues in the external economic relations of developing countries.
Author : V. FitzGerald
Publisher : Springer
Page : 224 pages
File Size : 52,6 Mb
Release : 2003-07-08
Category : Business & Economics
ISBN : 9780230502369
E.V.K. FitzGerald takes a fresh approach to the macroeconomics of developing countries, based on the influence of global markets on domestic savings, private investment, firm behaviours, employment levels and income distribution. He suggests that a Keynesian approach is still relevant today when reformulated to reflect open economies, heterogeneous firms, poverty reduction objectives and volatile financial markets. The study concludes with clear recommendations as to how global capital markets might be reconstructed in order to better support economic development.
Author : Stephany Griffith-Jones,Manuel F. Montes,Anwar Nasution
Publisher : OUP Oxford
Page : 325 pages
File Size : 40,6 Mb
Release : 2001-02-01
Category : Business & Economics
ISBN : 9780191589140
The currency crises that engulfed East Asian economies in 1997 and Mexico in 1994 - and their high development costs - raise a serious concern about the net benefits for developing countries of large flows of potentially reversible short-term international capital. Written by senior policy-makers and academics, the contributions to this volume examine in depth the macroeconomic and other policy dilemmas confronting public authorities in the emerging economies as they deal with short-term capital movements, especially in the period before the outbreak of these crises. The studies are based on comparative case studies of key emerging economies. Valuable insights are also derived from contrasts between the East Asian, Latin American, African, and European experiences, between the financial and real effects of financial flows, and between private and public responsibilities in managing financial markets. The great value of the chapters in this volume is that they analytically identify the weaknesses in both domestic and international capital market regimes. The recommendations derived from this analysis apply to the development of financial markets in developing countries, the monitoring and regulation of mutual funds in source countries, and the future development of international capital markets. They will make an important contribution both to the discussion of national policies and of a new international financial architechture.
Author : Pierre-Richard Agénor,Peter J. Montiel
Publisher : Princeton University Press
Page : 792 pages
File Size : 54,9 Mb
Release : 2015-06-23
Category : Business & Economics
ISBN : 9781400866267
The global financial crisis triggered severe shocks for developing countries, whose embrace of greater commercial and financial openness has increased their exposure to external shocks, both real and financial. This new edition of Development Macroeconomics has been fully revised to address the more open and less stable environment in which developing countries operate today. Describing the latest advances in this rapidly changing field, the book features expanded coverage of public debt and the management of capital inflows as well as new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, currency unions, and the choice of an exchange-rate regime. A new chapter on dynamic stochastic general equilibrium (DSGE) models with financial frictions has been added to reflect how the financial crisis has reshaped our thinking on the role of such frictions in generating and propagating real and financial shocks. The book also discusses the role of macroprudential regulation, both independently and through its interactions with monetary policy, in preserving financial and macroeconomic stability. Now in its fourth edition, Development Macroeconomics remains the definitive textbook on the macroeconomics of developing countries. The most authoritative book on the subject—now fully revised and expanded Features new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, and much more Comes with online supplements on informal financial markets, stabilization programs, the solution of DSGE models with financial frictions, and exchange rate crises
Author : Giorgio Barba Navaretti,Riccardo Faini,Giovanni Zanalda
Publisher : Oxford University Press
Page : 298 pages
File Size : 52,6 Mb
Release : 1999
Category : Business & Economics
ISBN : 0198293534
Recent years have seen a period of adjustment and structural change for most developing countries. The ongoing consequences of the debt crisis in the 1980s caused widespread concern of a serious deterioration in wage and employment conditions, as well as in poverty and income distribution. Although the outlook for developing countries changed for the better during the 1990s, concerns about the labour market have not subsided. This book takes a detailed look at employment trends in developing countries, bringing together a distinguished group of international academics and practitioners.
Author : A. Geda
Publisher : Springer
Page : 452 pages
File Size : 43,6 Mb
Release : 2002-05-21
Category : Business & Economics
ISBN : 9780230502543
What constraints do history and the global economy place upon Africa's economic development? To answer this question, Alemayehu Geda offers a new study of international finance and trade in Africa using a global macro model focused on the region. A unique study of the African continent, this book offers development economists and policymakers an innovative alternative to the IMF and World Bank's framework for national development strategy.
Author : T. McKinley
Publisher : Springer
Page : 302 pages
File Size : 47,5 Mb
Release : 2009-09-29
Category : Business & Economics
ISBN : 9780230250635
This book is a collection of working papers, policy briefs and training modules, published by the International Poverty Centre in Brazil, which provides a comprehensives set of recommendations for alternative economic policies that can generate growth, employment and poverty reduction in developing countries.
Author : Victor Bulmer-Thomas
Publisher : Springer
Page : 376 pages
File Size : 44,8 Mb
Release : 1996-03-25
Category : Business & Economics
ISBN : 9781349245208
The economies of Latin America have undergone a deep process of change in the last decade as a result of the application of major reforms. The outcome can be fairly described as a New Economic Model. This New Economic Model is distinguished from its predecessor, in force before the 1980s debt crisis, by an emphasis on market forces and export-led growth. This book explores the main features of the New Economic Model in Latin America and, through analysis of the reform process and case studies, examines its impact on income distribution and poverty.
