Micro-finance evangelism, 'destitute women', and the hard selling of a new anti-poverty formula

This article challenges the recent uncritical enthusiasm for the potential of micro-finance institutions to reduce poverty. It is argued that, although understanding about how to design anti-poverty financial intermediation has improved, the current campaign to increase resource allocation in this sector may undermine the very sustainability that is being sought. Further, studies of the impact of micro-enterprise credit suggest that it is not necessarily beneficial to very poor people. Interventions in the provision of financial services should not be made without locally specific analysis of the functions of existing savings and credit facilities. An emphasis on scale acts as a disincentive to such analysis, and increases the risk of the reemergence of a 'blueprint' approach to anti-poverty action.     

Capital Account Liberalization,Financial Structure,and Access to Credit in Latin America

This article revisits the question of whether capital account liberalization improves access to credit by advancing and testing a theory of how the structure of the financial sector shapes the willingness and ability of banks and governments to repress the domestic financial sector. In a highly concentrated financial sector, banks and governments are more willing to reap the benefits of financial openness by suppressing liberalizing reforms to domestic financial policies, and they can also better coordinate with one another to stifle these reforms compared to when the financial sector is diffuse. Using a panel dataset of Latin American and Caribbean countries, I find that capital account liberalization leads to a decrease in loans to private firms and households and an increase in loans to governments and state-owned enterprises when the financial sector is highly concentrated. Only when the financial sector is diffuse does capital account liberalization lead to reforms in entry barriers, directed credit programs, and banking sector supervision, which extends to improved access to credit for private firms and households.     

从封闭走向开放——日本中小企业创新模式的转变

20世纪90年代以来,日本中小企业创新模式由封闭模式向开放模式转变。这种创新模式的转变在模糊企业边界的同时使企业内外部资源被共同应用于创新活动之中,其转变的根源在于分工的深化和专业化水平的提高,具体而言就是企业克服交易费用后对创新过程的分解和优化。日本中小企业创新模式的转变为企业带来了效率、成本和利润上的积极效应,也促进了整个市场的良性发展,对于中国中小企业创新活动的开展具有借鉴意义。     

Outside looking in: non-accession to the WTO

Since its institutional birth in 1947, the General Agreement on Tariffs and Trade (GATT) / World Trade Organization (WTO) has mushroomed from 23 original contracting parties to 157 members as of September 2012. Another 28 countries are currently observers, each at varying stages of the accession process. WTO members and observers cover some 99 per cent of the world's population and over 99 per cent of global trade. However, there are still 13 states outside the multilateral rules-based trading system. This paper argues that existing explanations of membership and accession do not fully explain why these states remain outside the WTO, with implications for membership in international institutions generally. The paper tests hypotheses of non-membership based on a lack of willingness (domestic support), ability (technical capacity) or external pressure, and augments these statistical findings with a comparative country-level narrative of WTO (non-)accession decision-making in two small island countries.     

Contribution of parkland trees to farmers’ livelihoods: a case study from Mali

Native species of trees and shrubs contribute significantly to farmers' livelihoods by supplying food, medicinal products, fodder, and wood. In the case study reported in this article, this contribution to farmers' annual revenue varied from 26 per cent to 73 per cent, and was as high as US$ 650 a year for households for which agroforestry products were the primary source of revenue. Household consumption was not quantified in the study, but farmers' comments confirmed that native trees also played an important role in assuring food security, especially in the ‘hunger period’ when grain stores are low and farmers are waiting for the next harvest.     

Green consumer markets in the fight against climate change

Abstract

Climate change has become one of the greatest threats to environmental security, as attested by the growing frequency of severe flooding and storms, extreme temperatures and droughts. Accordingly, the European Union's (EU) 6th Environment Action Programme (2010) lists tackling climate change as its first priority. A key aim of the EU has been to cut CO₂ emissions, a major factor in climate change, by 8 per cent until 2012 and 20 per cent until 2020. The European Commission has proposed the encouragement of private consumer market for green products and services as one of several solutions to this problem. However, existing research suggests that the market share of these products has been only 3 per cent, although 30 per cent of individuals favour environmental and ethical goods. This article uses Public Goods Theory to explain why the contribution of the green consumer market to fighting climate change has been and possibly may remain limited without further public intervention.     

The Nicaraguan Literacy Crusade — How lasting were its benefits?

In 1981, Nicaragua was awarded a UNESCO prize in recognition of the success of the 1980 National Literacy Crusade (CNA) through which, it was claimed, three quarters of the country's illiterate had been taught to read and write. This article reports the follow-up of several women graduates of the CNA. It finds that, a decade later, a significant proportion of them are no longer able to read or write; and that of those who can, many had previously attended formal schooling as children for several years. An assessment of national census and survey figures suggests that about 9 per cent of the population became literate solely as a consequence of Nicaragua's ambitious adult-education interventions in the 1980s. Other benefits, such as the impact on child health and survival, have yet to be quantified.     

An enterprise-development strategy for Zambia

Although Zambia's deteriorating macro-economic situation has created a difficult environment for business, it also creates opportunities for the emergence of small and micro enterprises. Recent government policy reforms affecting these firms are discussed, along with existing programmes for credit, training, technical assistance, and common-site facilities/business incubators. The current programmes are limited in scope relative to the potential demand, and qualitative improvements are needed. Time-phased options for assisting small and micro enterprises are discussed.     

Private-sector development in a transition economy: The case of Vietnam

Since Vietnam introduced its Doi Moi reform policy in 1986, the development of the private sector has been a main policy concern for the government and the ruling Communist Party. The main development challenge for Vietnam is how to sustain economic growth and reduce poverty as the labour force continues to expand. It is envisaged that the private sector will play a major role in that respect. This article looks into the issue of whether the private sector can live up to widespread expectations. High and stable economic growth indicates that reforms have been consistent but also that private-sector initiatives have moved ahead of formal institutional changes. Private-sector development is new in Vietnam and starts from a low level. The public and foreign investment sectors are major players compared to the domestic private sector, which comprises many small firms. Poverty reduction has been impressive but it is only now that private-sector development is becoming an important contributor. Stemming the growth in inequality remains a challenge where the private sector's contribution to increasing public revenue has yet to materialise.     

The role of non-timber forest products in poverty reduction in India: prospects and problems

The vast natural resources of India's forests, including non-timber forest products (NTFPs), such as medicinal and aromatic plants, leaves, fruits, seeds, resins, gums, bamboos, and canes, offer employment that provides up to half the income of about 25 per cent of the country's rural labour force. However, poor harvesting practices and over-exploitation in the face of increasing market demand are threatening the sustainability of these resources, and thus the livelihoods of forest-dependent tribal communities. This article analyses the role of NTFPs in livelihoods-improvement initiatives and considers recent initiatives intended to enhance their conservation and sustainable management. It recommends policies to optimise the potential of NTFPs, both to support rural livelihoods and to contribute to India's social, economic, and environmental well-being.     

Mining codes in Africa: emergence of a ‘fourth’ generation?

A burgeoning interest among academics, policy-makers and civil society groups has developed concerning Africa's extractive sector and particularly its mining codes, which are now at the centre of a wider policy debate over natural resource governance and economic development on the continent. This article reviews the evolution of Africa's regulatory codes in the mining sector, which has undergone what Bonnie Campbell describes as ‘three generations’ of liberalization since the 1980s. We also highlight new voluntary, regional and transnational initiatives, driven by a host of heterogeneous actors from Africa and abroad, which constitute a ‘fourth’ generation of mining codes and natural resource governance practices that place primary emphasis on transparency and accountability by both mining companies and host governments. This new generation of natural resource governance initiatives presents new opportunities as well as unique challenges, particularly with the growing role of emerging economies such as the BRICS (Brazil, Russia, India, China and South Africa). We conclude by assessing future trends and policy challenges in Africa's extractive sector governance.     

东盟若干国家中小企业的融资状况及其对广西的启示

中小企业是一个国家和地区经济活力的保证,在促进市场竞争、增加就业机会、推进技术进步、推动国民经济发展和保障社会稳定等方面起到了大企业不可替代的重要作用.但是中小企业在发展过程中也遇到不少的问题,这些问题在直接影响中小企业自身顺利发展的同时,也影响着国家和地区的经济发展、社会稳定,因此如何保证中小企业健康发展已经成为一个社会关注的问题.在许多国家,中小企业的融资难、贷款难已日益成为制约其发展的突出问题.不同国家的政府都根据本国实际情况制定相应的中小企业发展战略.东盟许多国家的经济发展水平、宏观经济环境、中小企业面临的困难与问题与我国有许多相似之处,因此,通过分析东盟国家对中小企业金融支持的策略,可以得到有价值的经验,有助于促进广西中小企业的发展和竞争力的提高.     

Charcoal production and strategies to enhance its sustainability in Kenya

In sub-Saharan Africa, 72 per cent of urban and 98 per cent of rural households use fuelwood for energy. In Kenya use of charcoal in urban areas has risen by 64 per cent in two decades. Despite the charcoal industry providing employment to 500,000 people and generating over US$427 million that benefits grassroots communities, it has been kept out of the formal economies of this country. This review presents the status of the charcoal industry in Kenya, highlighting its contribution to livelihoods, production, utilisation, and implications for the environment; policy issues; and stakeholders' involvement. The review also proposes strategies to improve the sustainability of this sector.

La production de charbon de bois au Kenya et des stratégies pour l'augmentation de sa durabilité

Dans l'Afrique subsaharienne 72 pour cent de ménages urbains et 98 pour cent de ménages ruraux se servent du bois combustible pour leur propre énergie. Au Kenya l'usage de charbon de bois dans les secteurs urbains a augmenté par 64 pour cent au cours de deux décennies. Malgré le fait qu'elle fournit un emploi à 500,000 personnes et qu'elle génère plus de US$427 million de bénéfice aux collectivités populaires, l'industrie du charbon de bois reste écartée des économies formelles de ce pays. Cet examen présente la situation de l'industrie du charbon de bois au Kenya, en soulignant sa contribution aux moyens d'existence, à la production, et à l'utilisation ainsi que les implications pour l'environnement ; des questions concernant la politique ; et l'implication des parties prenantes. L'examen propose également des stratégies pour l'amélioration de la durabilité de cette industrie.

Producción de carbón y estrategias para aumentar su sostenibilidad en Kenia

En el África subsahariana, 72% de los hogares urbanos y 98% de los hogares rurales utilizan la leña como fuente de energía. En las áreas urbanas de Kenia, el uso de carbón ha aumentado 64% en dos décadas. A pesar de que la industria de carbón crea empleo para 500 mil personas, generando us$427 millones en beneficios para las comunidades de base, se la ha marginado de las economías formales de este país. El presente artículo examina la situación de la industria de carbón en Kenia, analizando, por un lado, su contribución a los medios de vida, y por otro, su forma de producción y su utilización, así como sus implicaciones para temas de política ambiental, además de la participación de los actores en la misma. Asimismo, el artículo propone estrategias para mejorar la sostenibilidad del sector.

Produção de carvão e estratégia para aumentar sua sustentabilidade no Quênia

Na África Subsaariana, 72 por cento de famílias da zona urbana e 98 por cento de famílias da zona rural utilizam lenha como fonte de energia. No Quênia,o uso de carvão nas áreas urbanas cresceu 64 por cento em duas décadas. Apesar da indústria de carvão proporcionar emprego a 500.000 pessoas e gerar mais de US$427 milhões que beneficiam comunidades de base, ela tem sido deixada de fora das economias formais deste país. Esta revisão apresenta o status da indústria de carvão no Quênia, destacando sua contribuição para os meios de subsistência, produção, utilização e implicações para o meio ambiente; questões de políticas e envolvimento dos stakeholders. A revisão também propõe estratégias para melhorar a sustentabilidade deste setor.     

吉林省发行中小企业集合债券的可行性研究

新形势下的经济政策使资本市场融资功能和地方债的发行逐渐恢复,但对于中小企业来说解决资金需求仍是难题。我国企业债券市场发展步入新阶段,中小企业集合债券作为我国债券市场的新品种,已在国内成功发行五家中小企业集合债券。在当前经济形式下吉林省应积极利用国家政策,促进吉林省中小企业的健康发展,发行中小企业集合债券,拓宽融资渠道,促进吉林省经济的发展和产业调整。     

Enhancing competitiveness and securing equitable development: Can small,micro, and medium-sized enterprises (SMEs) do the trick?

Many governments and aid agencies believe that small businesses can contribute to promoting more equitable development, as well as enhancing the competitiveness of local industries within a global economy. While small, micro, and medium-sized enterprises (SMEs) may have a role to play in creating jobs, and generating and redistributing wealth, they need to overcome many obstacles. This article stresses the importance of understanding the specific context, establishing priorities among competing policy goals, and distinguishing between the actual and potential roles of different kinds of enterprises (by sector, size, and geographical location). Only on such a basis is it possible to identify the resources and policies most appropriate for each goal and each type of enterprise. These arguments are illustrated with reference to South Africa, whose government has sought simultaneously to promote SME development, Black Economic Empowerment, and global competitiveness.     

Development without a peasantry

The policies of the apartheid regime prematurely destroyed the peasantry in South Africa, leaving millions of people without land or jobs. The abrogation of racial laws that reserved 87 per cent of the land0 for whites makes it possible to launch policies addressing the needs of black farmers. Efforts to promote the emergence of black commercial farmers risk worsening conditions for much of the rural population. While it cannot neglect commercial agriculture and food security, South Africa also needs to revive peasant agriculture, which can play a role similar to that of the informal sector in urban areas.     

The Reparations Debate

This paper examines the reparations question from the perspective of its role in the post-1924 period. Particular attention is paid to the work of Albert Ritschl on the reparations regimes between 1924 and 1934. He stresses the competition between Germany's public and private debts and the importance of Germany's role as a sovereign debtor that could not commit national suicide by fulfilling its obligations at any social and political price but that sought to maintain its credit by giving primacy to its private obligations at the expense of reparations. There was some learning from the past after 1945. The London Debt Agreement of 1953 precluded a conflict between private and public debts by an exclusive concentration on private debts and the restoration of German credit.     

Russia's Artificial Intelligence Strategy: The Role of State-Owned Firms

In 2017, Russian President Vladimir Putin declared that whichever country becomes the leader in artificial intelligence (AI) “will become the ruler of the world.” Yet Russia lags competitors like China and the United States substantially in AI capabilities. What is Russia's strategy for boosting development of AI technologies, and what role do groups within the Russian elite play in shaping this strategy? Russia's AI development strategy is unique in that it is led not by the government, nor by the private sector, but by state-owned firms. The government's distrust of Russia's largest tech firm, Yandex, has sidelined the company from national AI planning. Meanwhile, Russia's defense conglomerate Rostec publicly appears to focus less on artificial intelligence than on other high-tech priorities. As a result, Russia's AI development has been left to a state-owned bank, Sberbank, which has taken the lead in devising plans for government-backed investment in AI.     

The Russia–EU Energy Relationship: Getting it Right

The problems of Russia's energy sector, the part of the economy most broadly linked with Russia's prosperity and revived international influence, have been emphasized by the global financial crisis. Yet it remains an open question whether this, as well as various other factors, including the beginning of a genuine gas market and China's methodical advances in Central Asia, could encourage Russia to take the difficult decisions needed to make the energy sector more responsive and competitive. For its part, the EU has the potential to influence Russia, but if it continues to define itself by its divisions, it will not be able to use the influence it has gained. Without a strategic and coordinated approach, the EU is unlikely to be able to overcome its security dilemma and could find that the future is determined by other actors.     

Institutional sustainability: at what price? UNDP and the new cost‐sharing model in Brazil

By the turn of the twenty‐first century, UNDP had embraced a new form of funding based on ‘cost sharing’, with this source accounting for 51 per cent of the organisation's total expenditure worldwide in 2000. Unlike the traditional donor–recipient relationship so common with development projects, the new cost‐sharing modality has created a situation whereby UNDP local offices become ‘subcontractors’ and agencies of the recipient countries become ‘clients’. This paper explores this transition in the context of Brazil, focusing on how the new modality may have compromised UNDP's ability to promote Sustainable Human Development, as established in its mandate. The great enthusiasm for this modality within the UN system and its potential application to other developing countries increase the importance of a systematic assessment of its impact and developmental consequences.