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3441. Does Influence-Peddling Impact Industrial Competition? Evidence from Enterprise Surveys in Africa

Author:
Vijaya Ramachandran, Manju Kedia Shah, and Gaiv Tata
Publication Date:
10-2007
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
Prior research has emphasized that the high costs and risks arising from a poor investment climate—lack of clear property rights, macro-instability , the burden of regulation and taxation, poor infrastructure, lack of finance, and lack of human capital—have impeded the development of the private sector in sub-Saharan Africa, despite adoption of structural adjustment and liberalization policies. Given the resulting wide differentials in productivity, it is not surprising that most of the African manufacturing sector has not been competitive in exports. However, trade liberalization should have had greater impact on domestic markets for manufactured goods in Africa, leading to either a rapid decline in the size of the manufacturing sector due to import competition, or to a rapid increase in productivity of surviving enterprises. In fact, neither has happened to any significant degree over the last 20 years.
Topic:
Development, Economics, and Regional Cooperation
Political Geography:
Africa

3442. Managing Pest Resistance in Fragmented Farms: An Analysis of the Risk of Bt Cotton in China and its Zero Refuge Strategy and Beyond

Author:
Fangbin Qiao, Jim Wilen, and Jikun Huang
Publication Date:
02-2007
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
The goal of this study is to discuss why China and perhaps other developing countries may not need a refuge policy for Bacillus thuringiensis (Bt) cotton. We describe in detail the different elements that a nation—especially a developing one—should be considering when deciding if a refuge policy is needed. Drawing on a review of scientific data, economic analysis of other cases and a simulation exercise using a bio-economic model that we have produced to examine this question, we show that in the case of Bt cotton in China, the approach of not requiring special cotton refuges is defensible.
Topic:
Agriculture and Economics
Political Geography:
China and Asia

3443. Irrigation Water Pricing Policy in China

Author:
Jikun Huang, Qiuqiong Huang, Richard Howitt, and Jinxia Wang
Publication Date:
02-2007
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
As water becomes scarcer in northern China, designing policies that can induce water users to save water has become one of the most important tasks facing China's leader. Past water policies may not be a solution for the water scarcity problem in the long run. This paper looks at a new water policy: increasing water prices so as to provide water users with direct incentives to save water. Using a methodology that allows us to incorporate the resource constraints, we are able to recover the true price of water with a set of plot level data. Our results show that farmers are quite responsive if the correct price signal is used, unlike estimates of price elasticities that are based on traditional methods. Our estimation results show that water is severely under priced in our sample areas in China. As a result, water users are not likely to respond to increases in water prices. Thus as the first step to establishing an effective water pricing policy, policy makers must increase water price to the level of VMP so that water price reflects the true value of water, the correct price signal. Increases in water prices once they are set at the level of VMP, however, can lead to significant water savings. However, our analysis also shows that higher water prices also affect other aspects of the rural sector. Higher irrigation costs will lower the production of all crops, in general, and that of grain crops, in particular. Furthermore, when facing higher irrigation costs, households suffer income losses. Crop income distribution also worsens with increases in water prices.
Topic:
Agriculture, Economics, and Environment
Political Geography:
China and Asia

3444. Program for the Study of Biofuels, Poverty and Food Security

Author:
Jikun Huang, Mark Rosengrant, Rosamond Naylor, Walter P. Falcon, David Victor, Kenneth Cassman, and Scott Rozelle
Publication Date:
02-2007
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
The recent global expansion of biofuels production is an intense topic of discussion in both the popular and academic press. Much of the debate surrounding biofuels has focused on narrow issues of energy efficiency and fossil fuel substitution, to the exclusion of broader questions concerning the effects of large-scale biofuels development on commodity markets, land use patterns, and the global poor. There is reason to think these effects will be very large. The majority of poor people living in chronic hunger are net consumers of staple food crops; poor households spend a large share of their budget on starchy staples; and as a result, price hikes for staple agricultural commodities have the largest impact on poor consumers. For example, the rapidly growing use of corn for ethanol in the U.S. has recently sent corn prices soaring, boosting farmer incomes domestically but causing riots in the streets of Mexico City over tortilla prices. Preliminary analysis suggests that such price movements, which directly threaten hundreds of millions of households around the world, could be more than a passing phenomenon. Rapid biofuels development is occurring throughout the developed and developing world, transforming commodity markets and increasingly linking food prices to a volatile energy sector. Yet there remains little understanding of how these changes will affect global poverty and food security, and an apprehension on the part of many governments as to whether and how to participate in the biofuels revolution.
Topic:
Agriculture, Development, Economics, Globalization, Government, International Political Economy, International Trade and Finance, and Poverty
Political Geography:
United States and Mexico

3445. Bound by a Hidden Agenda: The Birth and Consequences of the Bank of Japan's Quantitative Monetary Easing

Author:
Tetsufumi Arita
Publication Date:
07-2007
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
For the past five years, the Bank of Japan (BOJ) has employed an unconventional monetary easing policy, called quantitative monetary easing. Under a zero interest rate regime, the BOJ shifted its tool for monetary easing from interest rates to quantity of money, thus providing the money market with much more money than it needs. It is difficult to find evidence that this monetary easing has contributed to the current economic recovery. What we can show is that this quantitative easing diluted the functions of interest rates in the money market, with the following consequences: quantitative easing hid the risks of the huge amount of fiscal debt and supported troubled commercial banks. Hence it helped to prevent both fiscal and financial crisis.
Topic:
Economics, Government, and Political Economy
Political Geography:
Japan and Asia

3446. What About Women? The Failure of HIV/AIDS Initiatives to Address the Needs of African Women

Author:
Victoria Okoye
Publication Date:
06-2007
Content Type:
Working Paper
Institution:
Africa Policy Information Center
Abstract:
HIV/AIDS continues to claim the lives of more African men, women and children than any other disease or conflict. As populations across the continent experience the destructive effects of this pandemic, the most marginalized communities feel the brunt. Africa Action calls for a new and intense international focus on the situation of African women, as the only effective means to combat this pandemic.
Topic:
Economics, Health, and International Organization
Political Geography:
Africa

3447. India and its Neighbours: Do Economic Interests Have the Potential to Build Peace?

Author:
Charu Lata Hogg
Publication Date:
11-2007
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
Until a decade ago, India was regarded largely as a poor developing country with low visibility on the global political and economic front. A multitude of factors, most prominently its emerging global economic strength, have led India not only to redefine its self-image but also to adopt a new political role both internationally and within its immediate neighbourhood.
Topic:
Economics, International Political Economy, International Trade and Finance, and Regional Cooperation
Political Geography:
China, South Asia, India, and Asia

3448. Recommended Best Practices for Regional Fisheries Management Organizations: Technical Study No. 3 -- The Relevance of Bioeconomic Modelling to RFMO Resources: A Survey of the Literature

Author:
Trond Bjørndal and Sarah Martin
Publication Date:
10-2007
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
According to the UN Fish Stocks Agreement, the management of straddling and highly migratory fish stocks is to be carried out through Regional Fisheries Management Organizations (RFMOs), composed of relevant coastal states and distant water fishing nations with a 'real interest' in the fishery. An important objective in the management of such fish stocks under the governance of RFMOs is that the resources should provide through time the maximum flow of economic rents to the members of the RFMO. The purpose of this report is to provide a survey, and an assessment, of bioeconomic modelling exercises pertaining to straddling fish stocks and highly migratory fish stocks.
Topic:
Agriculture, Development, Economics, and Environment
Political Geography:
United Nations

3449. Socializing Capital, Capitalizing the Social: Contemporary Social Democracy and the Knowledge Economy

Author:
Jenny Andersson
Publication Date:
01-2007
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
This paper analyzes the Third Way's relationship to the knowledge economy, and the way the Third Way's understanding of the knowledge economy leads to a reinterpretation of fundamental postulates of the Left in relation to capitalism. The paper argues that Third Way ideology is informed by a discursive logic of capitalization, a logic whereby social democracy identifies human potential–human knowledge, talent, creativity–as economic goods and ultimately new forms of capital. It insists that the Third Way is not neoliberal, as suggested by much research on the Third Way. The paper concludes that while the Third Way draws on fundamental continuities in the social democratic project, it nevertheless breaks with many of social democracy's historic articulations in critique of capitalism, since these are transformed instead into arguments in favor of capitalism and are thus drawn into the process of capitalist improvement. The paper looks into this tension by analyzing particularly the notions of conflict, the Third Way's notion of public good, and its articulation of culture.
Topic:
Economics

3450. Why the Devil Wears Prada: The Fashion Formation Process in a Simultaneous Disclosure Game Between Designers and Media

Author:
Evelyn Gick and Wolfgang Gick
Publication Date:
01-2007
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
Changes in the world of fashion from haute couture to prêt-à-porter, the introduction of the mass market as well as the democratization of fashion call for a new explanation of the fashion formation process. We offer a three-player cheap talk disclosure mechanism to explain why, after observing the collection of designers, the fashion media sometimes proclaim a new fashion, and why they often do not. This mechanism is more informative than one in which only one designer is consulted. Our paper extends the literature on fashion economics; our findings are in line with those of fashion experts.
Topic:
Economics