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162. The Arab Spring: How soon will foreign investors return?
- Author:
- Nathan M. Jensen, Persephone Economou, Paul Antony Barbour, and Daniel Villar
- Publication Date:
- 05-2012
- Content Type:
- Policy Brief
- Institution:
- Columbia Center on Sustainable Investment
- Abstract:
- The events of the Arab Spring have dramatically increased the risk perceptions of foreign investors. In directly affected countries, these events led to disruptions in economic activity including plummeting tourism and foreign direct investment (FDI) flows, all of which negatively impacted economic growth. While the economic impact was uneven across the Middle East and North Africa (MENA) region, for the region's developing countries the growth rate assumption underpinning survey analysis in the Multilateral Investment Guarantee Agency's (MIGA's) World Investment and Political Risk Report for 2011 was 1.7%. How much will these developments affect future FDI?
- Topic:
- Political Violence, Regime Change, Foreign Aid, Fragile/Failed State, and Foreign Direct Investment
- Political Geography:
- Middle East, Arabia, and North Africa
163. Haiti: Where Has All the Money Gone?
- Author:
- Vijaya Ramachandran and Julie Walz
- Publication Date:
- 05-2012
- Content Type:
- Working Paper
- Institution:
- Center for Global Development
- Abstract:
- Since the 2010 earthquake, almost $6 billion has been disbursed in official aid to Haiti, a country with a population of just under 10 million. An estimated $3 billion has been donated to NGOs in private contributions in addition to official aid. The United States Government alone has disbursed almost $2 billion of this total amount and has pledged over $3 billion for relief and reconstruction.
- Topic:
- Corruption, Humanitarian Aid, Non-Governmental Organization, and Foreign Aid
- Political Geography:
- United States, Caribbean, and Haiti
164. Adolescent Fertility in Low- and Middle-Income Countries: Effects and Solutions
- Author:
- Amanda Glassman, Kate McQueston, and Rachel Silverman
- Publication Date:
- 05-2012
- Content Type:
- Working Paper
- Institution:
- Center for Global Development
- Abstract:
- Adolescent fertility in low- and middle-income countries presents a severe impediment to development and can lead to school dropout, lost productivity, and the intergenerational transmission of poverty. However, there is debate about whether adolescent pregnancy is a problem in and of itself or merely symptomatic of deeper, ingrained disadvantage. To inform policy choices and create a revised research agenda for population and development, this paper aggregates recent quantitative evidence on the socioeconomic consequences of and methods to reduce of teenage pregnancy in the developing world. The review finds variable results for all indicator types with the partial exception of knowledge-based indicators, which increased in response to almost all evaluating interventions, though it is not clear that such interventions necessarily lead to short- or long term-behavior change. The evidence base supporting the effectiveness of conditional cash transfers was relatively strong in comparison to other interventions. Similarly, programs that lowered barriers to attending school or increased the opportunity cost of school absence are also supported by the literature. On the basis of these findings, the authors argue that donors should adopt a rights-based approach to adolescent fertility and shift their focus from the proximate to distal causes of pregnancy, including human rights abuses, gender inequality, child marriage, and socioeconomic marginalization. Further research should be conducted to strengthen the evidence base by 1) establishing causality, 2) understanding the differential impacts of adolescent fertility in different contexts, and 3) investigating other the impact of adolescent fertility on other socioeconomic outcomes, such as labor participation, productivity, and the intergenerational transmission of poverty.
- Topic:
- Democratization, Demographics, Development, Economics, Foreign Aid, and Youth Culture
165. Be Outraged: There are alternatives
- Author:
- Richard Jolly, Frances Stewart, Giovanni Andrea Cornia, Stephany Griffith-Jones, Rolph van der Hoeven, Diane Elson, Carlos Fortin, Gerry Helleiner, Raphie Kaplinsky, Richard Morgan, Isabel Ortiz, and Ruth Pearson
- Publication Date:
- 05-2012
- Content Type:
- Book
- Institution:
- Oxfam Publishing
- Abstract:
- Pushed to extremes, austerity is bad economics, bad arithmetic, and ignores the lessons of history. We, an international group of economists and social scientists, are outraged at the narrow range of austerity policies which are bringing so many people around the world to their knees, especially in Europe. Austerity and cutbacks are reducing growth and worsening poverty. In our professional opinions, there are alternatives – for Britain, Europe and all countries that currently imagine that government cutbacks are the only way out of debt. The low-growth, no-growth trap means that the share of debt in GNP falls ever more slowly, if at all. It may even rise – as it has in some countries.
- Topic:
- Debt, Development, Economics, Foreign Aid, and Financial Crisis
- Political Geography:
- Britain and Europe
166. Entrepreneurship in Postconflict Zones
- Author:
- Gayle Tzemach Lemmon
- Publication Date:
- 05-2012
- Content Type:
- Working Paper
- Institution:
- Council on Foreign Relations
- Abstract:
- Economic development is a critical component of promoting stability and U.S. security interests, particularly in conflict and postconflict zones. Reviving institutions and rebuilding an economic base are among the first priorities after fighting ends and reconstruction begins. According to the U.S. Agency for International Development (USAID), negative economic shocks of just 5 percent can increase the risk of a civil war by as much as 50 percent in fragile environments. Additionally, donor assistance, which can account for 20 percent to as much as 97 percent of a country's GDP, is unsustainable in the long term. Building local business capacity and supporting homegrown entrepreneurs can help curb this risk. Research from Iraq has found that labor-generating reconstruction programs can reduce violence during insurgencies, with a 10 percent increase in labor-related spending associated with a 10 percent decrease in violence. And as Shari Berenbach, director of the Office of Microenterprise Development at USAID, argues, the development of “private enterprise is an important stabilizing force,” particularly for countries suffering from the political uncertainty and civil unrest that often characterizes the postconflict period.
- Topic:
- Security, Development, Economics, Emerging Markets, Foreign Aid, and Foreign Direct Investment
- Political Geography:
- United States
167. Aid and Conflict in Pakistan
- Publication Date:
- 06-2012
- Content Type:
- Working Paper
- Institution:
- International Crisis Group
- Abstract:
- International, particularly U.S., military and civilian aid has failed to improve Pakistan's performance against jihadi groups operating on its soil or to help stabilise its nascent democracy. Lopsided focus on security aid after the 11 September 2001 attacks has not delivered counterterrorism dividends, but entrenched the military's control over state institutions and policy, delaying reforms and aggravating Pakistani public perceptions that the U.S. is only interested in investing in a security client. Almost two-thirds of U.S. funding since 2002 ($15.8 billion) has been security-related, double the $7.8 billion of economic aid. Under an elected government, and with civilian aid levels at their highest in decades, the U.S. and other donors can still play a major part in improving service delivery, supporting key reforms and strengthening a fragile political transition vital to internal and regional stability. Re-orientation of funding from military security purposes to long-term democracy and capacity building support is the best way to guarantee the West's and Pakistan's longterm interests in a dangerous region. But aid policies must be better targeted, designed and executed.
- Topic:
- Democratization, Terrorism, Foreign Aid, and Counterinsurgency
- Political Geography:
- Pakistan, United States, and South Asia
168. Moving the EU from a Laggard to a Leader in Democracy Assistance: The Potential Role of the European Endowment for Democracy
- Author:
- Hrant Kostanyan and Magdalena Nasieniak
- Publication Date:
- 06-2012
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies
- Abstract:
- The EU has consistently stressed the primacy of democracy assistance in its pronouncements on EU external policy, but its actions have noticeably lagged behind. At the heart of the problem are the absence of available appropriate instruments, incoherent external action and convoluted decision-making procedures that require the mobilisation of unanimity and the political backing of all 27 EU member states. The Arab Spring once again highlighted the EU's inability to react swiftly and decisively to the extraordinary events unfolding in its neighbourhood.
- Topic:
- Democratization, Development, and Foreign Aid
- Political Geography:
- Europe and Arabia
169. Diaspora groups and development in fragile situations: Lessons learnt
- Author:
- Nauja Kleist and Ida Vammen
- Publication Date:
- 07-2012
- Content Type:
- Working Paper
- Institution:
- Danish Institute for International Studies
- Abstract:
- Migrants send remittances three times worth official development aid to developing countries, reaching an estimated 325 USD Billion in 2012. Transnational migrant and diaspora organizations support social service, infrastructural and reconstruction projects – such as schools and hospitals – in their erstwhile home regions. Finally diaspora professionals contribute to reconstruction and development processes through temporary or long-term return. How can donors partner with them and support their contributions?
- Topic:
- Development, Migration, Foreign Aid, Immigration, Infrastructure, and Fragile/Failed State
- Political Geography:
- Europe
170. No Longer Poor: Ghana's New Income Status and Implications of Graduation from IDA
- Author:
- Todd Moss and Stephanie Majerowicz
- Publication Date:
- 07-2012
- Content Type:
- Working Paper
- Institution:
- Center for Global Development
- Abstract:
- Ghana's largest and most important creditor for the past three decades has been the International Development Association (IDA), the soft loan window of the World Bank. That will soon come to an end. The combination of Ghana's rapid economic growth and the recent GDP rebasing exercise means that Ghana suddenly finds itself above the income limit for IDA eligibility. Formal graduation is imminent and comes with significant implications for access to concessional finance, debt, and relations with other creditors. This paper considers the specific questions related to Ghana's relationship with the World Bank, as well as the broader questions about the country's new middle-income status.
- Topic:
- Development, Economics, Poverty, Foreign Aid, and Foreign Direct Investment
- Political Geography:
- Africa