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1. A New Strategy to Leverage Business for International Development

Author:
Robert Mosbacher, Jr.
Publication Date:
05-2010
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
To tackle global poverty, it is essential to craft a new and dynamic approach to economic development that refl ects the realities of a 21st century global economy and incorporates the participation of a wide variety of new players, particularly from the private sector. While investment, trade and innovation all represent basic components of building healthy economies, this paper focuses primarily on strategies to increase both in-country and international private capital investment in order to create jobs. To that end, it concentrates on two areas: strengthening and reforming the existing structures, coordinating mechanisms and policies that support U. S. economic development efforts; and improving public-private partnership models to promote broader fi nancing to local businesses, greater human capital support and technical assistance and improved physical and ICT infrastructure.
Topic:
Foreign Policy, Development, Economics, Emerging Markets, Poverty, and Third World
Political Geography:
United States

2. Where Does the Money Go? Best and Worst Practices in Foreign Aid

Author:
William Easterly and Tobias Pfutze
Publication Date:
06-2008
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
This paper does not address the issue of aid effectiveness—that is, the extent to which foreign aid dollars actually achieve their goals—but instead focuses on “best practices” in the way in which official aid is given, an important component of the wider debate. First, we discuss best practice for an ideal aid agency and the difficulties that aid agencies face because they are typically not accountable to their intended beneficiaries. Next, we consider the transparency of aid agencies and four additional dimensions of aid practice: specialization, or the degree to which aid is not fragmented among too many donors, too many countries, and too many sectors for each donor); selectivity, or the extent to which aid avoids corrupt autocrats and goes to the poorest countries; use of ineffective aid channels such as tied aid, food aid, and technical assistance; and the overhead costs of aid agencies. We compare 48 aid agencies along these dimensions, distinguishing between bilateral and multilateral ones. Using the admittedly limited in- formation we have, we rank the aid agencies on different dimensions of aid practice and then provide one final comprehensive ranking. We present these results as an illustrative exercise to move the aid discussion forward.
Topic:
Economics, Humanitarian Aid, Poverty, Third World, and United Nations

3. WTO Dispute Settlement and the Missing Developing Country Cases: Engaging the Private Sector

Author:
Chad P. Bown and Bernard M. Hoekman
Publication Date:
05-2005
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
The poorest WTO member countries almost universally fail to engage as either complainants or interested third parties in formal dispute settlement activity related to their market access interests. This paper focuses on costs of the WTO's extended litigation process as an explanation for the potential but "missing" developing country engagement. We provide a positive examination of the current system, and we catalogue and analyze a set of proposals encouraging the private sector to provide DSU-specific legal assistance to poor countries. We investigate the role of legal service centres, non-governmental organizations, development organizations, international trade litigators, economists, consumer organizations, and even law schools to provide poor countries with the missing services needed at critical stages of the WTO's extended litigation process. In the absence of systemic rules reform, the public-private partnership model imposes a substantial cooperation burden on such groups as they organize export interests, estimate the size of improved market access payoffs, prioritize across potential cases, engage domestic governments, prepare legal briefs, assist in evidentiary discovery, and pursue the public relations effort required to induce foreign political compliance.
Topic:
International Relations, Development, Economics, and Third World

4. Protect or Neglect? Toward a More Effective United Nations Approach to the Protection of Internally Displaced Persons

Author:
Simon Bagshaw and Diane Paul
Publication Date:
11-2004
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
In theory it seems quite straightforward. All United Nations humanitarian and development agencies have a role to play in ensuring respect for the human rights of persons who have become, or are at risk of becoming, displaced within the borders of their own country as a result of armed conflict and human rights violations.
Topic:
Development, Human Welfare, Third World, and United Nations

5. Open Doors

Author:
Paul Masson, Michael Pomerleano, and Robert E Litan
Publication Date:
06-2001
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Foreign direct investment in financial firms in emerging markets surged in the 1990s, although not equally in all places. The main beneficiaries: Latin America and Central Europe, with Asia a distant third. This conference report summarizes findings on the impacts—mainly positive—of this significant inflow of funds and managerial and technical know-how, as well as recommendations for policies toward foreign direct investment (FDI) in the future. The main recommendation: countries with restrictions generally should relax them, even when their own financial systems are weak. At the same time, foreign entry gives rise to new policy challenges, supervisory and competitive, which emerging markets need to confront both unilaterally and with cooperation from source country governments.
Topic:
Emerging Markets, International Trade and Finance, and Third World
Political Geography:
Asia, Latin America, and Central Europe

6. Corruption and Globalization

Author:
Shang-Jin Wei
Publication Date:
04-2001
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
At least since the Asian financial crisis, the International Monetary Fund (IMF) has, from time to time, included transparency and anti-corruption measures as part of the conditions for countries to borrow its funds. Because of this, it has been criticized as having overstepped its mandate, or even having made crises worse in countries the IMF is supposed to help.
Topic:
Development, Economics, Globalization, and Third World
Political Geography:
Asia

7. Stemming the Backlash Against Globalization

Author:
Carol Graham
Publication Date:
04-2001
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
There is much speculation about a new round of protests at the upcoming meetings of the World Bank and the International Monetary Fund (IMF). The protestors contend that globalization is bad for poor people in poor countries. But the evidence suggests the opposite: that globalization provides the poor in developing countries with new opportunities for upward mobility. Yet it also introduces new vulnerabilities, particularly for those in the middle income strata, which cause even the upwardly mobile in these strata to negatively assess their economic progress. We propose three sets of policies for poor countries — increasing access to higher levels and better quality education, eliminating market distortions that block the upward mobility of the poor (including excessive levels of inequality), and providing more broadly available safety nets for people without steady incomes — that could help prevent these negative sentiments from growing into a broader backlash against globalization, which would ultimately hurt the poor in these countries the most.
Topic:
Development, Globalization, Human Welfare, and Third World