...INTERNATIONAL FINANCIAL INSTITUTIONS ROLE OF GLOBAL FINANCIAL INSTITUTIONS International financial institutions (IFIs) are financial institutions that have been established by more than one country, and hence are subjects of international laws. Their owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions exist and are technically IFIs. Many of these are multilateral development banks (MDB). WHAT ARE INTERNATIONAL FINANCIAL INSTITUTIONS (IFI’S)? World Bank Group (WBG): * International Bank for Reconstruction and Development (IBRD) * International Development Association (IDA) * International Finance Corporation (IFC) * Multilateral Investment Guarantee Agency (MIGA) * International Centre for Settlement of Investment Disputes (ICSID) International Monetary Fund (IMF) Regional development banks, such as: * African Development Bank (AFDB) * Asian Development Bank (ADB) * Inter-American Development Bank (IADB) * Bank of the South * European Bank for Reconstruction and Development (EBRD) Other regional financial institutions e.g. European Investment Bank (EIB) Export Credit Agencies of individual country governments, such as: 1. US Export Import Bank (EXIM) 2. Japan External Trade Organization Hermes Kreditversicherungs...
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...International Journal of Sociology and Social Policy 30 Whose Solution is It? Development Ideology and the Work of MicroEntrepreneurs in Caribbean Context by Marina Karides, Florida Atlantic University An economic leader in the Caribbean, the Republic of Trinidad and Tobago has incorporated micro-business development as one of its main strategies to alleviate poverty and unemployment and to spawn economic growth since the late 1980s (ILO 1991, 1998, Ministry of Finance 1996). Although the discovery of natural gas in the early nineties catapulted Trinidad’s economic growth rate to four percent per annum, unemployment and poverty continue to affect a large portion of the population. The majority of the population has not benefited from Trinidad’s economic growth. Thus, the government has attempted to create “a nation of entrepreneurs” in order to relieve some of the inequality that defines the society (Ministry of Trade and Industry 1997). Trinidad’s expansion of micro-enterprise programs reflects an international trend. Endorsed by non-governmental organizations, private financial institutions, international development agencies, including the World Bank, many scholars and development practitioners also view microenterprise assistance as a panacea for Third World poverty (Johnson and Kidder, 1999; Mosley and Hulme, 1998; Dignard and Havet, 1995; Grosh and Somolekae, 1996; Rakowski, 1994). Micro-enterprise development programs generally consist of training in business skills...
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...CHINA’S NEW CONCEPT FOR DEVELOPMENT Jiyao Bi1 INTRODUCTION In the first 20 years of the 21st century China is entering a new development stage to comprehensively build a prosperous society and to accelerate its modernization drive. China views these two decades as a period of great strategic opportunity which should be pursued vigourously. From an international perspective, peace and development remain the central themes of our era, and China is working to achieve this peaceful environment for development. From a domestic perspective, 25 years of economic reform and opening up have laid a solid basis for development, and China has achieved favourable conditions to accelerate development. However, opportunities are always accompanied by challenges. A key challenge for China is to adopt new thinking and ideas for development and make a new breakthrough in reform, so as to tightly grasp and make a full use of this opportunity to further promote its modernization drive. I. CHINA’S DEVELOPMENT TRENDS AND ISSUES China has experienced rapid economic growth since the late 1970s when economic reform and opening policies was initiated. From 1978 to 2004, China’s GDP grew by a yearly average of 9.5 per cent, the highest levels of GDP growth in the world. China has successfully maintained its sustained and rapid economic growth in recent years by improving and strengthening macro-control policies. Confronted with the external shocks of the Asian financial crisis of 1997–1998 and...
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...and Behaviors Support Sustainable Development? By A NTHONY A. LEISEROWITZ, ROBERT W. K ATES, AND THOMAS M. PARRIS Many advocates of sustainable development recognize that a transition to global sustainability—meeting human needs and reducing hunger and poverty while maintaining the life-support systems of the planet—will require changes in human values, attitudes, and behaviors.1 A previous article in Environment described some of the values used to define or support sustainable development as well as key goals, indicators, and practices.2 Drawing on the few multinational and quasi-global-scale surveys that have been conducted,3 this article synthesizes and reviews what is currently known about global attitudes and behavior that will either support or discourage a global sustainability transition.4 (Table 1 on page 24 provides details about these surveys.) None of these surveys measured public attitudes toward “sustainable development” as a holistic concept. There is, however, a diverse range of empirical data related to many of the subcomponents of sustainable development: development and environment; the driving forces of population, affluence/poverty/consumerism, technology, and entitlement programs; and the gap between attitudes and behavior. Development Concerns for environment and development merged in the early concept of sustainable development, but the meaning of these terms has evolved over time. For example, global economic development is widely viewed as a central priority...
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...WAD, GAD: TRENDS IN RESEARCH AND PRACTICE Eva M. Rathgeber* International Development Research Centre Ottawa * The views expressed here are those of the author and This paper was do not necessarily reflect those of IDRC. originally presented at the meetings of the Canadian Institute for the Advancement of Women held in Quebec City, November 1988. 2 During the past few years, the term "women in development" has become common currency both inside and outside academic settings. But while "women in development" or "WID", is understood integration of women into global processes the of to mean economic, political and social growth and change, there often is confusion about the meaning of two more recent acronyms, This paper will begin with assumptions embedded look at the in an "WID," "WAD" and "dAD". examination of meanings and "WAD" and "GAD" and then will extent to which differing views of the relationship between gender and development have influenced research, policymaking and international agency thinking since the mid1960s. it is suggested that each term has been associated with a varying set of assumptions and has led to the formulation of different strategies for the participation of women in development strategies. ORIGINS 1. women in Development The term "women in development" came into use in the early 1970s, after the publication of Ester Boserup's Economic Development (1970). Boserup was Women's Role in the first to systematically...
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...Women in development (WID)[edit] Theoretical approach The term “women and development” was originally coined by a Washington-based network of female development professionals in the early 1970s[3] who sought to put in question the trickle down theories of development by contesting that modernization had identical impact on men and women.[4] The Women in Development movement (WID) gained momentum in the 1970s, driven by the resurgence of women's movement in northern countries, whereby liberal feminists were striving for equal rights and labour opportunities in the United States.[5] Liberal feminism, postulating that women's disadvantages in society may be eliminated by breaking down stereotyped customary expectations of women by offering better education to women and introducing equal opportunity programmes,[6] had a notable influence on the formulation of the WID approaches, whereby little attention was given to men and to power relations between genders.[5] The translation of the 1970s feminist movements and their repeated calls for employment opportunities in the development agenda meant that particular attention was given to the productive labour of women, leaving aside reproductive concerns and social welfare.[5] Yet this focus was part of the approach pushed forward by advocates of the WID movement, reacting to the general policy environment maintained by early colonial authorities and post-war development authorities, wherein inadequate reference to the work undertook by...
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...aid: bilateral aid, multilateral aid and non-government aid. Bilateral aid can be defined as the assistance given directly from the government of a developed country to the recipient developing country, whereas multilateral aid, which is also provided by governments, is channelled through international institutions such as the World Bank and International Monetary Fund. Non-government aid is provided by NGOs e.g. Red Cross & world vision, usually through public donations. Australia’s government aid is administered by the Australian agency for International Development (AusAID). Each type of aid is focused on a slightly different area: bilateral aid is generally targeted towards health, education and training programs, technological support, building infrastructure, emergency food and basic supplies i.e. shelter, medicine & clothing during crises; NGOs aim to make communities more self-sufficient and ecologically sustainable and multilateral aid is used to fund emergency relief projects, large scale infrastructure, disease control and large scale health, education and training programs. Overall Australian aid is spent equally on good governance, education, rural development, health and infrastructure. Australian aid programs also assist countries to make use of globalisation (new information technologies and trade) and promote sustainable resource management. Each year, Australian government aid is able to help more than 58 million people living in poverty...
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...International Development Law Introduction The USA perspective on five debates on International Development The aim of this introductory section of the paper is to highlight what position the United States of America have officially undertaken in international development assistance. As we will see, the international development law is a field whose borders are not clearly defined. International Development Law’s ( herein IDL) shades can be found in many fields such as International Economic Law, International Economic Relations, movements such as the New International Economic Order, The World Bank, The Doha Round and the upcoming Deli Round, the Bilateral Preferential Trade Agreements, the Cotonou Agreement and the Economic Partnership Agreement ( just to name a few). This multidisciplinary dimension of the IDL does not make it easy to define. This is the reason why we decided to analyze what the US, through his Administrator of the United states Agency for International Development spokesman, Andrew S. Natsios, in January 2006, said regarding five critical issues of IDL. Furthermore we will study the position of China and Angola in order to have a more complete picture of how the mechanism of donors and recipient countries work focusing on two completely different realities. In the second part of the analysis we will focus on the World Bank and its branches. This analysis is based on a speech given by Andrew S. Natsios on October 12 2005, in Parliament, when invited by...
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...Influence of International Financial Institutions Danny Leipziger Abstract Development thinking has evolved from the early works of W. Arthur Lewis and Paul Rosenstein-Rodan and has been influenced by new and varied schools of thought. Emphases have shifted from capital accumulation and technical progress to human capital investment and social inclusion. Institutions have come into the equation, as has a prominent role for markets and for the state as drivers of development. Underlying these views were practicalities that shaped the way countries dealt with their need for foreign capital, the management of the macroeconomy, and their responses to economic and financial crises. There was a prominent role for the so-called Bretton Woods institutions, namely, the World Bank and the International Monetary Fund, in shaping prevailing views of development and putting them into practice. This Danny Leipziger The Role and Influence of IFIs has been important, both directly and indirectly, in affecting policy choices made by developing country governments over past decades. Keywords: Bretton Woods Institutions; World Bank ideology toward development; IMF ideology and development; changing development paradigms; international financial institutions; Bank-Fund Collaboration; Bank-Fund Concordat. Chapter 49 Page 2 Danny Leipziger The Role and Influence of IFIs Introduction International financial institutions (IFIs) have strongly influenced development thinking and...
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... | | | | | | | |ASDCs Annual Sustainable Development Conferences | |CBO Community Based Organisation | |CBR Central Board of Revenue | |CIDA Canadian International Development Assistance | |EPAs Environmental Protection Agencies | |ESC...
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...American International Journal of Contemporary Research Vol. 4 No. 1; January 2014 Kenya’s Social Development Proposals and Challenges: Review of Kenya Vision 2030 First Medium-Term Plan, 2008-2012 Ezekiel Mbitha Mwenzwa Department of Social Sciences Karatina University P. O. Box 1951, Karatina, Kenya. Joseph Akuma Misati Department of Sociology Maasai Mara University P. O. Box 861 20500, Narok, Kenya. Abstract Kenya faces several development challenges including poverty, disease, unemployment, negative civic engagement among others. The development bottlenecks worsened following the introduction of the IMF/World Bank-propelled Structural Adjustment Programmes (SAPs) of the late 1970s and early 1980s. While the SAPs had envisaged benefits, they largely became part of the problem rather than the solution to development in Kenya. Accompanying these were negative civic engagements, particularly, ethnic conflict and political maladministration especially after the re-introduction of multiparty politics in the early 1990s. These drawbacks notwithstanding, development planning went on culminating in the Economic Recovery Strategy for Wealth and Employment Creation (ERSWEC) 2003-2007 in 2002 and its successor, the Kenya Vision 2030 in 2007. While the former was implemented, the latter is on course with the First Five Year Medium-Term Plan running from 2008 to 2012 recently concluded. The blueprint is driven by three pillars, namely; The economic, social and political ...
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...Abstract Accenture Development Partnerships (ADP) is a philanthropic arm of Accenture that supports an innovative not-for-profit business model as a means to channel the core business capabilities of Accenture to organizations in the international development sector. This article will give an overview of the offering, a look inside the industry where large corporations choose ethics over profit and will help the reader gain an understanding of what is necessary to successfully work within this group. . Ethics vs, Profit: An Exploration of Accenture Development Partnership My goal is clear; it has been for roughly five years now. When I left the not-for-profit sector and joined a Accenture, I did so with the very specific goal of returning with new and fine-tuned skills. As I sat in my New Joiner Orientation and learned about ADP, I knew that one day I would join Accenture Development Partnerships and once again work on projects that serve the greater good. I will channel the skills I have gained from my experience within a multi- national corporation, bring my non-for-profit sensibilities, expertise in development and fundraising to help advance sustainable solutions to global development challenges. Until joining Accenture, all of my adult work experience comes from the not-for-profit sector where I worked in very creative atmosphere within event management, fundraising and development.. After years of...
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...Ecotourism Investment and Development Models: Donors, NGOs and Private Entrepreneurs Susan Heher smh53@cornell.edu Johnson Graduate School of Management School of Hotel Administration Cornell University December 2003 -1- 1. 1. INTRODUCTION OVERVIEW OF SUSTAINABLE TOURISM AND ECOTOURISM 3 7 7 8 12 15 17 17 20 22 26 27 29 31 32 33 34 36 37 39 39 42 46 55 58 61 64 70 75 77 79 81 SUSTAINABLE TOURISM AND ECOTOURISM COMMUNITY BASED ECOTOURISM THE SCALE OF ECOTOURISM MARKET DEMAND 2. DEVELOPMENT ASSISTANCE FROM DONORS AND AID AGENCIES THE RISE OF DEVELOPMENT ASSISTANCE FOR SUSTAINABLE TOURISM PROJECTS OVERVIEW OF TYPES OF DEVELOPMENT INSTITUTIONS AND ASSISTANCE GOALS AND OBJECTIVES OF DEVELOPMENT AGENCIES AND NGOS THE ROLE OF CONSULTANTS THE PROJECT PROCESS: ANALYSIS AND EVALUATION CONCLUSIONS 3. PRIVATE SECTOR ENTREPRENEURS AND DEVELOPERS PROFILE OF ECOTOURISM ENTREPRENEURS SOURCES OF FINANCING AND CAPITAL STRUCTURE GROWTH, PROFITABILITY AND SUSTAINABILITY: THE ABILITY TO HAVE AN IMPACT CONCLUSIONS 4. 5. HYBRID: NGO VENTURE CAPITAL CASE STUDIES A. INTER-AMERICAN DEVELOPMENT BANK, IADB B. US AGENCY FOR INTERNATIONAL DEVELOPMENT, USAID C. WORLD BANK: LESOTHO D. THE EUROPEAN UNION: SWAZILAND E. WORLD BANK IN SWAZILAND F. THE NATURE CONSERVANCY, TNC G. CONSERVATION INTERNATIONAL, CI H. CONSERVATION CORPORATION AFRICA, CC AFRICA I. TURTLE ISLAND J. MAHO BAY K. KRUGER NATIONAL PARK, MALULEKE COMMUNITY AND MATSWANI SAFARIS 6. CONCLUSION -2- 1. Introduction...
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...these 3 approaches to development: a) WID (Women In Development) b) WAD (Women and Development) c) GAD (Gender and Development) Objectives By the end of this presentation students should be able to: a. Define the 3 approaches WID, WAD, and GAD b. Understand the weakness and strengths of the approaches. c. Highlight one relevant approach to the Zimbabwean situation. Introduction There are three main approaches to the development of women namely WID, WAD and GAD. The struggle for women to get recognition in society was evident before the colonial era in Zimbabwe. After the attainment of Independence in 1980, the Zimbabwean Government made a commitment to redress the situation of women. This presentation will first present the definition of terms, details of the approaches to development of women. Thereafter, the discussion will go on to explore strengths and weaknesses of women in development. This presentation will conclude by highlighting the relevance of the GAD approach to the Zimbabwean situation. Definition of terms: Development – is a systematic use of scientific knowledge to meet specific objectives or requirements (Business Dictionary.com). Gender – is a cultural definition of behaviour defined as appropriate to sexes in a given society at a given time (Moser: 1993). WID (Women in Development) is understood to mean the integration of women into global processes of economic, political and social growth and change (Boserup:1970) ...
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...The First Interna onal Development Conference of Syria 2010 Emerging Role of Civil Society in Development 23‐24 January 2010 A Case Study of the AKRSP – Successful Rural Development in Northern Pakistan دراﺳﺔ ﺣﺎﻟﺔ- ﻧﺠﺎح اﻟﺘﻨﻤﻴﺔ اﻟﺮﻳﻔﻴﺔ ﻓﻲ ﺷﻤﺎل اﻟﺒﺎآﺴﺘﺎن Antonia Settle, Sustainable Development Policy Institute, Islamabad, Pakistan أﻧﺘﻮﻧﻴﺎ ﺳﻴﺘﻞ، ﻣﻌﻬﺪ ﺳﻴﺎﺳﺎت اﻟﺘﻨﻤﻴﺔ اﻟﻤﺴﺘﺪاﻣﺔ، إﺳﻼم أﺑﺎد، اﻟﺒﺎآﺴﺘﺎن antonia@sdpi.org This paper may not be distributed or reproduced without permission from the author(s). For references, please cite as follows: “Paper presented at the First International Development Conference of Syria, organised by the Syria Trust for Development, Damascus 23-24 January 2010”. A CASE STUDY OF THE AKRSP – SUCCESSFUL RURAL DEVELOPMENT IN NORTHERN PAKISTAN By Antonia Settle, Sustainable Development Policy Institute, Islamabad, Pakistan. ABSTRACT: There has been a shift in development paradigms reflected in the discourse of international funding bodies, from technocratic aid modalities associated with Washington Consensus models towards a ‘new development paradigm’ that accompanies post-Washington Consensus economic prescriptions. This new development paradigm relies increasingly on NGOs for channeling funds, while granting more space for government regulation and emphasizing participatory approaches. The new paradigm has produced a discourse of devolution, participatory development and decentralization. Yet the new development paradigm has not...
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