... affects the poorest, by examining the mystified institutions of the global concessional financing system (see also Gélinas 2003) and the narratives in political economy which explain what they It ... on the institutions that actually move themoney around and create the iniquitous flows that Bond (2006) outlines and the poverty that Bush (2007) examines The book examines the political economy ... development inthe South The series questions neoliberal theories of development and modernisation and, in highlighting the poverty of the mainstream, offers critical insight into the theoretical...
... serve the interests of their owners, the Northern states, borrowing money from them rarely helps the poor, it just deepens the debt cycle and turns the private sector of the developing country into ... to the context in which themoney is found and its relative price The word we use in a particular context relies on how much the price is, who is doing the lending and borrowing and where inthe ... export credit institutions, which help domestic companies trade by lending them money to insure their exports and investment against the risk of not getting paid; development finance institutions...
... to join in any of them [ 38 ] Bracking_04_cha03.qxd 12/02/2009 10:56 Page 39 MAKING MARKETS One of these market makers’, the IFC, explained the problematic, even at the height of the ‘free market ... be there remain serious problems inthemarket for development finance from the perspective of developing countries Spero and Hart (2003) summarise the mainstream position on these as the (in) ability ... of the global economy, and their relatively small number explains in part both the herd behaviour of investors when markets are in trouble, and the incredible booms and slumps of fortune as the...
... disbursements by using financing through the IDA to pay the IMF! Indeed, Oxfam cite the shocking statistic that, inthe case of Zambia during the late 1990s, ‘well over half of the finance provided ... politicians, rather than looking at computer figures So I think there is a lot of, in this business of investing in developing countries, there is an awful lot of experience, that comes in (Interview, ... to the number of shares held It is the largest source of direct project financing for private investment in developing countries, and is also confined to invest only inthe private sector In the...
... Marx The CDC was in co-operation with the World Bank as early as 1950 inthe co-financing of the Kariba Dam project inthe then Central African Federation, ‘much the largest single CDC investment ... collectivise the control over independent African countries’ reintegration into the world economy, with the CDC acting as the chair of the ‘committee managing the common affairs of the whole bourgeoisie’, ... colonies inthe world economy and sterling area Thus, in 1949 they urged the British Government to pay ‘closer consideration’ to pricing policies and the ‘relative place inthe UK markets of the primary...
... the British state and an account of the changing role of the CDC in managing investment and liquidity The case study shows how one dominant core lender inthe global interstate system, Britain, ... point in time, the IBRD was seen as a conduit solely for US money Negotiations broke down since the board of the CDC were ‘convinced that the standard procedures of the International Bank are inappropriate ... announcement in 1971, remains one in which IFIs learned how to collectively manage the allocation of liquidity to poorer countries It was in solving these ‘problems’ facing the American investor that the...
... is another economyin Africa which is informal and possible quite large, but the official one reviewed here shows increasing inequality and income poverty for the majority Adding in to the picture ... reflected its global power and predominant influence inthe Bank, as well as it being the largest shareholder The numbers in parentheses in Table 7.2 are the rank order in which countries’ companies ... Africa, they perceived: a decline inthe presence of UK-based companies inthe supply of goods for projects financed by the Bank This is usually an indication that the manufacturing base of the supply...
... think they will keep the CDC doing what they would like to keep the CDC doing, what it does To be called developmental in inverted commas On the other hand, CDC is, there is a pressure by the ... exchanges Inthe current period there is resurgence in private sector finance, alongside a spurt in growth in some private sectors, while the Great Predators retain a leading role in listing stock ... security interests also played a role inthe selection Storey and Williams’s (2006) summary of the problems of DFIs remains: they either pick up losers inthemarket or they generate market distortions...
... involvements are predominantly exportoriented or inthe financial sector, illustrating well the role of DFIs in providing institutions and structures for the export, and then recycling, of finance ... measuring? Inthe last three chapters we have examined profitability within the political economy of aid, both in and of itself in chapter (through direct contracts), and then in terms of themarket ... of a 14 per cent stake in Flamingo Holdings with a $16 million equity stake, a fully integrated horticultural business involved in growing, processing, packaging, marketing and distribution of...
... of soaring prices The non-oil producing countries with the lowest incomes will pay most, and the poorest people within them are the last in line For these people there are no luxuries in their ... growth.4 Instead the concern here is that inthe process of ‘giving aid’ inthe system we have at the moment, the opportunities to these types of things may be foreclosed, or the effect of doing them ... inflation and rising oil prices since the oil-producing countries’ elites and the US oil companies have a shared interest in clawing back their profit margin as the value of the dollar drops The precedent...
... as ‘big’ players, they are not, at the time of writing, having a decisive role in (re)setting the rules of the game (yet) According to the Economist (2008), the governments of Singapore, Kuwait ... reformed, including the institutions regulating trade and investment, immigration and development, as discussed here The Great Predators, in particular, must be managed in a new incarnation by the ... forging Faustian pacts with Northern businesses and the Great Predators which further disempower the masses The ‘consciousness arising from being’ of the poor is countered and dissembled in at...
... 32–3; remaking 203 inequality traps 12, 95 inflation 19, 199 infrastructure investment 194 infrastructure spending 128 injustice 190 instability 24 Institution of Civil Engineers (ICE) 135 institution ... London: Chatto and Windus Santiso, C (2007) ‘Strengthening checks and balances in financial governance: The evolving role of multilateral banks in Latin America’ In S Bracking (ed.), Corruption ... heading inthe right direction?’, Journal of International Development, 11(4), pp 503–19 Williamson, J (1990) The Progress of Policy Reform in Latin America Washington D.C.: Institute for International...
... affects the poorest, by examining the mystified institutions of the global concessional financing system (see also Gélinas 2003) and the narratives in political economy which explain what they It ... serve the interests of their owners, the Northern states, borrowing money from them rarely helps the poor, it just deepens the debt cycle and turns the private sector of the developing country into ... development inthe South The series questions neoliberal theories of development and modernisation and, in highlighting the poverty of the mainstream, offers critical insight into the theoretical...
... kernel further on inthe chain If we choose the scale of the variance inthe jumping distribution c too small, we can experience the same problem We then risk getting stuck in a local area of the distribution, ... one without The estimation results from these two models also point inthe direction of expected future inflation being dominant inthe price setting rules In addition, I find that the homogeneity ... importer then puts a unique brand on it and sells the final product inthe domestic marketThe importers have monopoly power inthemarket for their own (branded) good Their price setting optimization...
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... developing initial hypotheses and testing them inthe light of available evidence The initial hypotheses come from the body of economic theory that has evolved inthe past 200 years and is being ... logically inferring from them the laws governing the valuing and pricing of the means or “goods.” As such, economics does not inquire into the individual’s motivations in valuing and choosing specific ... identifies all the causal factors involved, the likelihood of the forecast event being realized depends on the actor having solved the weighting problem The uncertainty inherent in forecasting, therefore,...
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... the envious looks of some of the people present In this past evening he had tried to convince them to start business with supermarket chains In his opinion this would be the future of marketing ... are now evolving into an established partner for both actors inthemarket and inthe agricultural policy The various institutions involved with the organic movement, such as the Ministry of Agriculture ... they also worked together with restaurants and large kitchens/canteens inthe region Besides the marketing activity, periodic courses and excursions were arranged to enable further training The...
... self-financing portfolio if and only if certain integral equations of the first kind (the “hedging equations”) have solutions Furthermore, the integral operators appearing in these equations (the “hedging ... assets available for hedging as there are independent sources of randomness inthemarketIn bond markets as well as in stock markets it seems reasonable to take into account the possible occurrence ... arbitrage, market completeness, martingale operator, hedging operator, affine term structure Introduction One of the most challenging mathematical problems arising inthe theory of financial markets...
... issues regarding the way the e-tailers have conducted their business on the Internet This study also finds that the digital dot coms should be investing the marginal dollar in IT, while the physical ... also included inthe regression The focus will be on the interaction term between the dummy and IT input Since the regressions are subject to collinearity problem due to the inclusion of the interaction ... included inthe model to control for the maturity of a company Companies operating inthe Internet space are expected to improve their conduct of business over time Since the companies inthe data...