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431. The Benefits and Risks of Financial Globalization

Author:
Peter B. Kenen
Publication Date:
07-2007
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
It is by now almost impossible to conceive of a world without a global financial system. To be sure, large numbers of low-income developing countries have little access to that system. But most middle-income developing countries, even some that still have capital controls of one sort or another, are increasingly integrated into that system, and all of the major developed countries are fully integrated.
Topic:
Development, Economy, Integration, and Financial Globalization
Political Geography:
Global Focus

432. Fair Trade Coffee Enthusiasts Should Confront Reality

Author:
Jeremy Weber
Publication Date:
01-2007
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
From university cafeterias to supermarkets in the developed world, people are buying Fair Trade (FT) coffee certified by the FLO-Cert, the certifying entity of Fairtrade Labelling Organizations International (FLO). The assumption is that such purchases will contribute to the welfare of marginalized producers in the developing world. While sales of FT coffee in Europe have stabilized, the North American and Japanese markets are growing rapidly. Total sales increased 40 percent from 2004 to 2005, to a total volume of 33,992 metric tons (MT) (FTO 2005). What is “Fair Trade”? According to FINE, the umbrella organization that comprises the four largest Fair Trade organizations (FLO, International Federation for Alternative Trade, Network of European World Shops, and the European Fair Trade Association), Fair Trade is a trading partnership, based on dialogue, transparency and respect, that seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to, and securing the rights of, marginalized producers and workers—especially in the South [FINE 2001]. The FINE definition optimistically assumes that the trading partnerships and conditions promoted by Fair Trade necessarily “contribute to sustainable development.” It is true that the Fair Trade coffee system—the producers, exporters, importers, and retailers operating by the rules and standards of FLO—has improved living standards for many participating coffee growers (Bacon 2005, Raynolds 2004). Yet the system faces vexing issues such as a disconnect between promotional materials and reality, excess supply, and the marginalization of economically disadvantaged producers and groups. Those involved in Fair Trade coffee debates and governance must address these issues if Fair Trade is to be an effective mechanism for rural development in coffee producing regions.
Topic:
Development, Economy, Trade, Coffee, and Fair Trade
Political Geography:
Global Focus

433. Analysis of International Migration and its Impacts on Developing Countries

Author:
Paolo Barrientos
Publication Date:
11-2007
Content Type:
Working Paper
Institution:
Institute for Advanced Development Studies (INESAD)
Abstract:
This paper provides a review of the literature on the reasons and consequences of international migration. The principal determinants of migration are analyzed and it is seen that educated people from developing countries are more likely to migrate for several reasons (i.e. network determinants, costs of moving, pull factors and push factors). Looking into the empirical data, the global trend is that emigration of educated people (usually called “brain drain”) has increased a lot. This trend implies that industrialized countries are importing highly skilled people from developing countries and this will certainly have important consequences for developing countries in the long run. Some researchers argue that developing countries will loose, since the most qualified people leave and stop contributing to their country. Others say that the global trend can be beneficial because positive spillovers will be created; in the sense that developing countries will experience higher investments in human capital (“brain gain”). Empirical findings show that these spillovers depend on the probability to migrate and the stock of human capital that a country has. Finally another group of researchers argues that this process is inevitable, and barriers to migration should be abolished in order to reap the benefits for both sending and receiving countries as well as the migrants themselves.
Topic:
Development, Migration, Brain Drain, and Human Capital
Political Geography:
Global Focus

434. The Financial Sector and Economic Development: Banking on the Role of Human Capital

Author:
Manuela W. Armenta
Publication Date:
05-2007
Content Type:
Journal Article
Journal:
Journal of Public and International Affairs (JPIA)
Institution:
School of Public and International Affairs (SPIA), Princeton University
Abstract:
Evidence suggests that human capital development contributes to the stability of banks. Unfortunately, developing countries, both pre- and post-liberalization, often suffer from an inadequate supply of capable professionals. This situation threatens the potentially positive relationship between financial liberalization and economic growth. It is therefore urgent that developing states develop policies aimed at addressing the supply and demand-side requirements of the financial sector. Such policies must target the development of professionals with both appropriate academic backgrounds in business and the requisite on-the-job skills. Public-private solutions are advocated as the most efficient and effective approach to the development of comprehensive policies in this regard.
Topic:
Development, Economics, Finance, Human Capital, Banking, and Public-Private Partnership
Political Geography:
Global Focus

435. Social Cohesion, Institutions

Author:
William Easterly, Michael Woolcock, and Jozef Ritzen
Publication Date:
08-2006
Content Type:
Working Paper
Institution:
Center for Global Development (CGD)
Abstract:
We present evidence that measures of “social cohesion,” such as income inequality and ethnic fractionalization, endogenously determine institutional quality, which in turn casually determines growth.
Topic:
Civil Society, Development, Government, and Poverty
Political Geography:
Global Focus

436. Turning Pirates Into Proprietors: How and Why to Make Software Intellectual Property Work in Developing Countries

Author:
Steven Yarger
Publication Date:
05-2006
Content Type:
Journal Article
Journal:
Journal of Public and International Affairs (JPIA)
Institution:
School of Public and International Affairs (SPIA), Princeton University
Abstract:
Intellectual property (IP) assets are of paramount importance in the developed world. Yet the regulations used to protect these assets artifi cially limit their application in developing countries that could benefi t from the ideas these assets utilize. In the software industry, and because of distinct characteristics of software IP, this paper offers a solution that shares the value of these assets among various parties to improve outcomes for all. Through a partnership between local government and software IP owners, the labor enhancing benefi ts of software can be spread throughout the developing world legally and effi ciently
Topic:
Development, Intellectual Property/Copyright, Regulation, and Software
Political Geography:
Global Focus

437. Stadium Architecture and regional economic development: International experience and the plans of Durban

Author:
Wolfgang Maennig
Publication Date:
01-2006
Content Type:
Working Paper
Institution:
Chair for Economic Policy, University of Hamburg
Abstract:
For the FIFA World Cup 2010, South Africa plans to invest heavily. The positive economic effects that the country is hoping for stand in contrast to almost all statistical ex-post studies. This contribution emphasises that these results, usually from research under-taken in the USA, can only be generalised to a limited degree. The density of sports venues in developed countries is so high, that the marginal effects of new stadia are necessarily limited. We also emphasise that stadium design around the world was not hitherto adequately targeted towards positive economic effects. The example of Durban and its plans for a new “iconic” stadium is used to illustrate fundamental principles of stadium design and their embedding in a re-urbanisation process that have to be undertaken in order to consciously achieve positive regional economic effects.
Topic:
Development, Economics, Sports, Architecture, World Cup, Regional Economy, and Soccer
Political Geography:
Africa, South Africa, and Global Focus

438. To aid or not to aid: Foreign aid and producity in cross-country regressions

Author:
Pablo Selaya
Publication Date:
11-2005
Content Type:
Working Paper
Institution:
Institute for Advanced Development Studies (INESAD)
Abstract:
The paper reexamines empirically the robustness of competing theories of foreign aid e§ectiveness. By shifting the focus from the e§ects of aid on income to to e§ects of aid on productivity, it is possible to put to test 3 existing theories of foreign aid e§ectiveness. The results provide support for the hypotheses that (i) aid has a positive e§ect in fostering growth of average productivity, (ii) aid doesnít operate with diminishing returns, and (iii) the magnitude of the total e§ect depends on climate-related circumstances. The results support the policy recommendation previously made in the literature to seriously reconsider the conditionality rule for foreign aid disbursements.
Topic:
Development, Foreign Aid, Productivity, and Income
Political Geography:
Global Focus

439. Science for Global Sustainability: Toward a New Paradigm

Author:
William C. Clark, Paul J. Crutzen, and Hans J. Schellnhuber
Publication Date:
03-2005
Content Type:
Working Paper
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
This paper provides a context for the Dahlem Workshop on “Earth System Analysis for Sustainability.” The authors begin by characterizing the contemporary epoch of Earth history in which humanity has emerged as a major—and uniquely self-reflexive—geological force. They turn next to the extraordinary revolution in our understanding of the Earth system that is now underway, pointing out how it has built on and qualitatively extended the approaches that have served science and society so well since the first Copernican revolution. The authors then discuss the novel challenges posed by the urgent need to harness science and other forms of knowledge in promoting a worldwide sustainability transition that enhances human prosperity while protecting the Earth’s life-support systems and reducing hunger and poverty. Finally, the authors provide an overview of how the contributions to this Dahlem Workshop addressed the themes and challenges outlined in this introductory chapter.
Topic:
Development, Environment, Science and Technology, Institutions, Sustainability, Resilience, and Integrated Systems
Political Geography:
Global Focus

440. Complex Emergencies and Human Development: A Quantitative Analysis of Their Relationship

Author:
Rosilyne M. Borland
Publication Date:
05-2004
Content Type:
Working Paper
Institution:
School of Public and International Affairs (SPIA), Princeton University
Abstract:
Increasingly, the world’s poorest and most marginalized are also those most affected by armed conflict. The complicated interactions among modern conflicts, poverty, hunger, and disease have led to the emergence of the notion of the “complex emergency.” The widespread occurrence of complex emergencies in the world’s poorest countries, where development efforts are the most needed, has grave consequences for human development. Through an application of quantitative methods, this paper examines the relationship between complex emergencies and development using the human development index developed by the United Nations Development Programme and the typology of complex emergencies developed by the United Nations University World Institute for Development Economics Research. The study demonstrates a relationship between levels of development and types of complex emergencies and suggests that an index which considers the multiple manifestations of complex emergencies would provide a better measurement than a single quantifier. These results point to the need to situate development efforts in the context of complex emergencies in order for them to meet the needs of the world’s most vulnerable populations.
Topic:
Development, United Nations, Armed Conflict, and Emergencies
Political Geography:
Global Focus