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151. The ABCs of the General Capital Increase (ABCs of IFIs Brief)

Author:
Todd Moss, Sarah Jane Staats, and Julia Barmeier
Publication Date:
09-2011
Content Type:
Policy Brief
Institution:
Center for Global Development
Abstract:
The international financial institutions dramatically increased their lending in 2008–09 to help developing countries cope with the global financial crisis and support economic recovery. Today, these organizations are seeking billions of dollars in new funding. The IMF, which only a few years ago was losing clients and shedding staff, expanded by $750 billion in 2009. The World Bank and the four regional development banks for Africa, Asia, Europe, and Latin America have asked to increase their capital base by 30 to 200 percent. A general capital increase (GCI) for these development banks is an unusual request. A simultaneous GCI request is a oncein- a-generation occurrence.
Topic:
Development, Foreign Aid, and Financial Crisis
Political Geography:
Africa, Asia, Latin America, and Ethiopia

152. Leadership Selection at the International Financial Institutions

Author:
Jenny Ottenhoff
Publication Date:
09-2011
Content Type:
Policy Brief
Institution:
Center for Global Development
Abstract:
The International Financial Institutions (IFIs) are multilateral agencies. The term typically refers to the International Monetary Fund (IMF), which provides financing and policy advice to member nations experiencing economic difficulties, and the multilateral development banks (MDBs), which provide financing and technical support for development projects and economic reform in low- and middle-income countries. The term MDB is usually understood to mean the World Bank and four smaller regional development banks: African Development Bank (AfDB). Asian Development Bank (ADB). European Bank for Reconstruction and Development (EBRD) Inter-American Development Bank (IDB).
Topic:
Development, Economics, International Monetary Fund, Foreign Aid, and World Bank
Political Geography:
Africa, America, Europe, and Asia

153. Africa Unleashed

Author:
Edward Miguel
Publication Date:
11-2011
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
Steven Radelet's accessible new book argues that much of the credit for Africa's recent economic boom goes to its increasingly open political systems. But Radelet fails to answer the deeper question: why some countries have managed to develop successful democracies while others have tried but failed.
Topic:
Development, Economics, and Government
Political Geography:
Africa, United States, Asia, and Liberia

154. Korea's Growth Performance: Past and Future

Author:
Marcus Noland
Publication Date:
11-2011
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
South Korea is arguably the premier development success story of the last half century. For 47 years starting in 1963, the economy averaged 7 percent real growth annually, and experienced only two years of economic contraction: 1980 after the second oil shock and the assassination of President Park Chung-hee, and 1998 at the nadir of the Asian financial crisis. At the start of that period South Korea had a per capita income lower than that of Mozambique or Bolivia; today it is richer than Spain or New Zealand, and was the first Asian and first non-G7 country to host a summit of the G20, the unofficial steering committee of the world economy.
Topic:
Demographics, Development, Economics, Industrial Policy, International Trade and Finance, and Political Economy
Political Geography:
Israel, Asia, South Korea, Spain, Mozambique, New Zealand, and Bolivia

155. The High Return to Private Schooling in a Low-Income Country

Author:
Tessa Bold, Mwangi Kimenyi, Germano Mwabu, and Justin Sandefur
Publication Date:
12-2011
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
Existing studies from the United States, Latin America, and Asia provide scant evidence that private schools dramatically improve academic performance relative to public schools. Using data from Kenya—a poor country with weak public institutions—we find a large effect of private schooling on test scores, equivalent to one full standard deviation. This finding is robust to endogenous sorting of more able pupils into private schools. The magnitude of the effect dwarfs the impact of any rigorously tested intervention to raise performance within public schools. Furthermore, nearly two thirds of private schools operate at lower cost than the median government school.
Topic:
Development, Education, Government, and Poverty
Political Geography:
Kenya, United States, Asia, and Latin America

156. Year in Review 2011

Author:
J. Jackson Ewing (ed) and Alistair D.B. Cook (ed)
Publication Date:
12-2011
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies (NTS)
Abstract:
The year 2011 has seen the further prioritisation of nontraditional security (NTS) issues throughout research and policymaking circles in the Asia-Pacific region. Regional trends and events have highlighted the need for strategies that can help people, communities, states and organisations address multifarious security challenges, thus propelling the NTS platform to a higher stratum of political and institutional discourse.
Topic:
International Relations, Security, Climate Change, Development, Economics, Health, Poverty, Natural Disasters, and Food
Political Geography:
Asia and Australia/Pacific

157. Not (yet) an Energy Revolution. India between Climate Change Mitigation and Development Imperatives

Author:
Lidia Puka
Publication Date:
10-2011
Content Type:
Policy Brief
Institution:
The Polish Institute of International Affairs
Abstract:
Indian decisions regarding the country's energy mix have global consequences. For this reason it is of paramount importance whether Indian declarations to take on climate change mitigation efforts could, indeed, mean a shift away from a fossil fuels-dominated energy mix and towards the deployment of renewable energy sources.
Topic:
Climate Change, Demographics, Development, Economics, and Energy Policy
Political Geography:
Asia

158. Turkey and Democratization in the Arab World: Between an Inspiration and a Model

Author:
Karol Kujawa
Publication Date:
08-2011
Content Type:
Policy Brief
Institution:
The Polish Institute of International Affairs
Abstract:
For several months, we have witnessed rapid change in the countries of North Africa. Researchers and politicians have raised questions about the future of Arab countries once the revolution has run its course. Will the new authorities attempt to build a theocratic state or will they follow the example of Turkey and implement democratic reforms? The latter choice is becoming increasingly popular in the Arab world. This article will address the key questions that come up in connection with Turkey and Arab countries, including: the source of Turkey's popularity in the Arab world, what do they have in common, what divides them and, finally, whether Turkey could become a model for Arab countries.
Topic:
Democratization, Development, Economics, and Islam
Political Geography:
Africa, Turkey, Asia, and Arabia

159. Asia and Global Financial Governance

Author:
C. Randall Henning and Mohsin S. Khan
Publication Date:
10-2011
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
Currently, Asia's influence in global financial governance is not consistent with its weight in the world economy. This paper examines the role of Asia in the International Monetary Fund (IMF) and the Group of Twenty (G-20). It looks in particular at how the relationship between East Asian countries and the IMF has evolved since the Asian financial crisis of 1997–98 and outlines how Asian regional arrangements for crisis financing and economic surveillance could constructively interact with the IMF in the future. It also considers ways to enhance the effectiveness of Asian countries in the G-20 process.
Topic:
Development, Economics, Emerging Markets, Globalization, International Trade and Finance, and Monetary Policy
Political Geography:
Israel and Asia

160. Executive Accountability in Southeast Asia: The Role of Legislatures in New Democracies and Under Electoral Authoritarianism

Author:
William Case
Publication Date:
01-2011
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
In an influential study, Fish and Kroenig argue that "overarching institutional designs" (i.e., presidential, parliamentary, and dual systems) tell us less about the prospects of a new democracy than does the particular strength of the legislature. Specifically, executives are best checked where legislatures are powerful, generating horizontal accountability. In addition, ordinary citizens are better informed by the robust party systems that strong legislatures support, fostering vertical accountability. In comparing Freedom House scores with their Parliamentary Powers Index (PPI), Fish and Kroenig show clear correlations, leading them to conclude that democracies are made strong by legislatures that are empowered. In this monograph, this thesis is tested in five country cases in Southeast Asia: the Philippines and Indonesia, both new democracies, and Malaysia, Cambodia, and Singapore, cases of electoral authoritarianism. Analysis uncovers that in the new democracies, though their legislatures may be rated as powerful, members are geared less to checking the executive than to sharing in state patronage. In addition, although the legislature is evaluated as weak under electoral authoritarianism, it features an opposition that, with little access to patronage, remains committed to exposing executive abuses. What is more, when the executive operates a regime type that lacks the full legitimacy gained through general elections, he or she grows more receptive to at least mild legislative scrutiny. Contrary to Fish and Kroenig, then, this study concludes that the executive is held more accountable by legislatures under electoral authoritarianism than in new democracies. But rather than leading to a transition to democratic politics, this accountability strengthens authoritarian rule.
Topic:
Civil Society, Democratization, Development, Government, and Politics
Political Geography:
Malaysia, Asia, Cambodia, and Singapore