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Development finance institutions (DFIs), also known as public development banks (PDBs) are public financial institutions initiated and steered by governments with explicit official missions to promote public policy objectives, and public development banks (PDBs) are the main category. DFIs are experiencing a renaissance worldwide, but there is limited academic research examining their roles, operations, and effectiveness. This book attempts to fill this gap by bringing together world-renowned scholars who discuss in detail the economics and the social consequences of both development banks and public banks. Combining together, the chapters in this volume discuss topics from sustainability, development impact of financial instruments, a new development financial architecture, and the interaction with existing international rules like the Basel Accord. This book will be of particular interest to students, scholars, and researchers of development finance, global governance, and international political economy. The chapters in this book were originally published in the Review of Political Economy.
‘A must-read, accessible and skilful account of South Africa’s socio-economic challenges, policy and governance choices.’– THEMBA MASEKO All the numbers on South Africa’s crisis dashboard are blinking red. The economy is failing to grow and more and more young people find themselves on the outside looking in as education falters and jobs disappear. Energy and transport are in crisis. Governance is floundering as debt mounts and government runs out of money. Better Choices is a collection by South Africa’s top thinkers on the political economy, providing an unflinching account of the myriad challenges the country faces. The picture that emerges is of a nation on the brink of a cat...
This publication delivers an interdisciplinary approach from professionals and scholars working in government, the United Nations, academia, scientific research, and private sector. The purpose of this publication is (1) to raise awareness on new technological innovations and how these changes affect urban infrastructure and the quality of living of urban dwellers; (2) to enhance collective knowledge on different user cases of new technologies in cities and the potential benefits and risks; and (3) to call for collaboration and collective actions from all cities to smartly use and govern new tech solutions for a safer, more inclusive, and more prosperous urban environment. The launch of this publication coincided with the 10th World Urban Forum (WUF10), Abu Dhabi, 2020. Principal authors: Michael Keith, Jian Gao, Tao Zhou, Quanhui Liu, Hui Zeng, Mingxiao Zhao, Baolin Cao, Gerhard Schmitt, Jaideep Gupte, Saiful Ridwan, Harrison Simotwo, Pietro Visetti, Keli Zhu, Hongshan Zhang, Shudong Cui, Yifan Li, He Jia, George Economides, Zhiyong Fu, Peter Scupelli, Jiajun Xu, Xinyue Wu, Haishan Wu, Lei Yin, Shantian Cheng, Deyi Wu, and Bingnan Yin
This volume considers China-Africa relations in the context of a global division of labour and power, and through the history and experiences of both China and Africa. It examines the core ideas of structural transformation, productive investment and industrialization, international trade, infrastructure development, and financing.
This book provides a comprehensive overview on Chinese economy in the last three decades and an insightful view on the future reform in China. The China's miracle is used to describe its rapid economic growth in the last thirty years. The author aims to demystify the miracle by analyzing the past and present of economic transitions and showcases the blueprint for future economic reforms, from the perspectives of institutional transformation, urbanization and changes in the labor markets.The book contains hottest topics on Chinese economy, such as land market reform, new-type urbanization and financial reform. It investigates both the long-run growth and short-run fluctuations. The factor markets, including labor market, capital market and land market, are analyzed as key determinants to long-run growth and consumption, while investment and net export are investigated as elements to short-run fluctuations.
In The Latecomer's Rise, Muyang Chen reveals the nature and impact of a rapidly growing form of international lending: Chinese development finance. Over the past few decades, China has become the world's largest provider of bilateral development finance. Through its two national policy banks, the China Development Bank (CDB) and the Export-Import Bank of China (China Exim), it has funded infrastructure and industrial projects in numerous emerging markets and developing countries. Yet this very surge and magnitude of capital has raised questions about the characteristics of Chinese bilateral lending and its repercussions on the international order. Drawing on a variety of novel Chinese primar...
"Regional development banks (RDB) have become increasingly important in the world economy, but have also been relatively under-researched to date. This timely volume addresses this lack of attention by providing a comprehensive, comparative, and empirically informed analysis of their origins, evolution, and contemporary role in the world economy through to the second decade of the twenty-first century. The editors provide an analytical framework that includes a revised categorization of RDB by geographic operation and function. In part one, the chapter authors offer detailed analyses of the origins, evolution, and contemporary role of the major RDB, including the Inter-American Development B...
Carbon neutrality refers to net-zero carbon emissions. It can be achieved by reducing carbon emissions or increasing carbon adsorption. The popularity of social media including Twitter, YouTube, and LinkedIn provides good channels for sharing relevant information and promoting sustainable carbon-neutral living styles. For example, a motor company has launched social media challenges with Korean pop stars to raise awareness of carbon neutrality. Social media provides real-time information. In Jakarta, flood-related tweet intensity during a flood peaked at about 900 tweets a minute during the floods of 2015. The tweets created real-time maps that people sent a minute before. Regarding governme...
Despite momentous change, NATO remains a crucial safeguard of security and peace. Today’s North Atlantic Treaty Organization, with nearly thirty members and a global reach, differs strikingly from the alliance of twelve created in 1949 to “keep the Americans in, the Russians out, and the Germans down.” These differences are not simply the result of the Cold War’s end, 9/11, or recent twenty-first-century developments but represent a more general pattern of adaptability first seen in the incorporation of Germany as a full member of the alliance in the early 1950s. Unlike other enduring post–World War II institutions that continue to reflect the international politics of their foundi...