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This is a story of the soft budget constraint. It seeks an answer to a paradox: the prevalence of the soft budget constraint in spite of the tremendous inefficiencies that it gives rise to, and its persistence in spite of reform of the system of which it is an integral part. The story aims at increasing our understanding of why the phenomenon exists. By studying the case of state in Tanzania before, during and after socialism, an explanation of the owned enterprises emergence, persistence and logic of the soft budget constraint is suggested. This introductory chapter presents an argument showing why this story is worth telling. It discusses the research topic and how the problem it presents ...
The United Nations is in need of reform. There has always been widespread agreement that this is the case - indeed throughout the 60-year history of the Organization. Differences over the best cure reflect the political confrontation between its 191 member states. The institution has been criticized to lack legitimacy, to need accountability and to be inefficient with a bloated bureaucracy. Recently, allegations of mismanagement and corruption in the Oil-for-Food Program have led to a crisis of confidence. The public debate followed reform initiatives for enlarging the Security Council, achieving the Millennium Development Goals, and establishing new collective mechanisms to protect human ri...
First published in 1987, Incentives and Economic Systems is a selection of papers presented at the Eighth Arne Ryde Symposium at Frostavallen, Sweden on how institutions attempt to guide individual behaviour by manipulating the social and economic incentive system. These economic and social aspects of incentives determine ‘rational’ and ‘irrational’ behaviour by individuals and organizations across various economic systems. The essays in the volume deal with various aspects of the incentive problems and the various manifestations of such problems, along with moral and ethical issues. The essays will be an enlightening read for students of economics, policymaking and international politics.
Agriculture is at the centre of the economies of many developing countries, and its stagnation and poor performance across large parts of Africa is a major cause for concern. First published in 1990, this book focuses on the nature and role of incentives in agricultural organization and production in East Africa, looking in particular at the political and ideological determinants of that role. Mats Lundahl analyses ways of improving agricultural performance, and considers the ‘African socialism’ of Julius Nyerere in contrast with the market-led approaches, which he favours. A detailed title, this volume will of interest to all those concerned with the issues of rural development, including students of development studies, economics, and African studies.
Transmits the overview of the Millennium Project's final report, entitled "Investing in development: a practical plan to achieve the Millennium Development Goals". Contained chapters are: 1) Why the Goals are important and why we're falling short; 2) Country-level processes to achieve the Goals; 3) Recommendations for the international system to support country-level processes; and 4) The costs and benefits of achieving the Millennium Development Goals.
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