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Annotation This 12th Annual World Bank Conference on Development Economics focuses mainly on four areas: new development thinking, crises and recovery, corporate governance and restructuring, and social security including public and private savings.
Reflecting the large initial distortions, trade, exchange rate, and energy reforms could generate large welfare gains for the Islamic Republic of Iran. If combined with direct income payments to all households (not just the poor), the poor would benefit enormously. The authors show that well intentioned policies of commodity subsidies for the poor can have perverse effects.
Recoge: Free markets, civil societies and a liberal polity. Markets, civil society and politics. Civil society in transitions to market economies and liberal polities.
Media, Development, and Institutional Change investigates mass media s profound ability to affect institutional change and economic development. The authors use the tools of economics to illuminate the media s role in enabling and inhibiting political economic reforms that promote development. The book explores how media can constrain government, how governments manipulate media to entrench their power, and how private and public media ownership affects a country s ability to prosper. The authors identify specific media-related policies governments of underdeveloped countries should adopt if they want to grow. They illustrate why media freedom is a critical ingredient in the recipe of economic development and why even the best-intentioned state involvement in media is more likely to slow prosperity than to enhance it. Scholars and students of economics, political science and sociology; policy-makers, analysts and others in the development community; and academics in media studies will find this book insightful and provocative.
Media matters. From encouraging charitable donations and delivering public health messages to promoting democratic participation and state accountability, the media can play a crucial role in development. Yet the influence of the media is not always welcome. It can also be used as a mechanism of surveillance and control or to disseminate hate speech and propaganda. How then should we respond to the growing importance of the media - including journalism, radio, television, community media and social media - for poverty and inequality? The first step is to acquire an informed and critical understanding of the multiple roles that the media can have in development. To help achieve this, this boo...
The recent emerging market crises in Asia and other regions suggests that while international capital inflows can make recipient economies stronger, they can potentially also increase the vulnerability of these economies to financial market crises. Two of the most notable sources of vulnerability are the quality of domestic financial intermediation and the speculative nature of some investment flows. 'Opportunities and Risks in Central European Finances' examines the nature of capital flows in the region, seeking to explain its dynamics, and potential sources of vulnerability. The book also appraises some potential costs that could be associated with a financial crisis. Finally, it presents views on how to manage these risks more effectively.
Saving rates vary considerably across countries and over time. Policies that spur development are an indirect but effective way to raise private saving rates, which rise with the level and growth rate of real per capita income.
This paper provides empirical estimates of contracting models of the Phillips curve for four middle-income developing economies-Chile, the Republic of Korea, the Philippines, and Turkey. Following an analytical review, models with both one lead and one lag, and two lags and three leads, are then estimated using Generalized Method of Moments (GMM) techniques. The results indicate that for both Chile and Turkey past and future inflation are of about the same magnitude in affecting current inflation. In Korea past inflation has a larger impact on inflation, whereas in the Philippines it is future inflation that plays a larger role. Homogeneity restrictions are satisfied for Korea and Turkey, but not for Chile and the Philippines.
How location, natural resources, and different policies toward the elite's preemption of unused land shaped the historical development of different agrarian structures across Southeast Asia, conditioning agricultural growth performance until today.
During reform's three phases (commitment-building, coalition building, and implementation) there are tradeoffs among inclusiveness (of process), radicalism (of reform), and participation in, and compliance with the new system. Including more and more various veto and proposal actors, early in the deliberative process, may increase buy-in and compliance when pension reform is implemented but at the expense of faster and greater change.