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Foreign Direct Investment and Poverty Reduction
In the 1990s, foreign direct investment began to swamp all other cross-border capital flows into developing countries. Does foreign direct investment support sound development? In particular, does it contribute to poverty reduction?
Explainable Deep Learning AI
Explainable Deep Learning AI: Methods and Challenges presents the latest works of leading researchers in the XAI area, offering an overview of the XAI area, along with several novel technical methods and applications that address explainability challenges for deep learning AI systems. The book overviews XAI and then covers a number of specific technical works and approaches for deep learning, ranging from general XAI methods to specific XAI applications, and finally, with user-oriented evaluation approaches. It also explores the main categories of explainable AI – deep learning, which become the necessary condition in various applications of artificial intelligence. The groups of methods s...
Frithiof's Saga
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Do Banks Provision for Bad Loans in Good Times?
Recent debate about the pro-cyclical effects of bank capital requirements, has ignored the important role that bank loan loss provisions play in the overall framework of minimum capital regulation. It is frequently observed that under-provisioning, due to inadequate assessment of expected credit losses, aggravates the negative effect of minimum capital requirements during recessions, because capital must absorb both expected, and unexpected losses. Moreover, when expected losses are properly reflected in lending rates, but not in provisioning practices, fluctuations in bank earnings magnify true oscillations in bank profitability. The relative agency problems faced by different stakeholders,...
Australia's Experience with Local Content Programs in the Auto Industry
Local content programs - ...
Trade Liberalization in China's Accession to the World Trade Organization
China's forthcoming access to the World Trade Organization involves reform in many sectors, both domestic and trade-related. The starting point for reform is a partially reformed economy with relatively high import duties, in which export sectors benefit from liberal duty exemptions on inputs. Both China and its major trading partners will gain from access - with China gaining most (perhaps half of the estimated $56 billion in annual welfare gains). Some developing countries will suffer small losses because of increased competition from China. The adjustments required are greatly reduced by China's dramatic liberalization in the 1990s.
Globalization and the Challenge for Developing Countries
A comprehensive approach to globalization, managed and abetted by good policies, can magnify the effects of growth-promoting measures.
