Financial Access and Exclusion in Kenya and Uganda

Policy emphasis has recently shifted to ‘Finance for All’ given evidence that financial sector development contributes to growth but effects on poverty do not arise from pro-poor provision. We argue that, given this policy goal, analyses of barriers to access must be country specific and go beyond the emphasis on transactions costs to incorporate the effects of social institutions since these contribute to discrimination. This paper uses data from Financial Access Surveys carried out in 2006 in Kenya and Uganda to investigate the socio-economic, demographic and geographical factors influencing access to and exclusion from formal, semi-formal and informal financial services.     

Higher Education in Transition to a Market Economy: Two Case Studies

THE IDEA FOR THIS ARTICLE came from a visit to Tomsk that took place in May 1997. The authors visited the State University of Tomsk, one of Russia's leading universities, with an enviable research record and very good library and computing facilities, and were fortunate enough to be able to interview senior staff of the university concerning their budgets and financial situation. Apparently the situation in Tomsk is not especially bad; indeed it may well be rather better than elsewhere in Russia. In order to have a little basis for comparison and to provide a second case study, we also investigated some aspects of the financial arrangements at the Economics Faculty of Moscow State University. What we learned from these two cases-admittedly far from a representative sample-not only revealed a great deal about the current state of higher education reforms in Russia but also provided a snapshot of the state of Russian economic reforms in general. Hence although this article is partly about Tomsk and Moscow, it is also about these wider issues. In significant respects, Russia remains quite distant from a well-functioning market-type economy, and some of these respects are important for the higher education sector. In a very fundamental sense, one could identify the main source of Russian shortcomings in reforms as a general problem of the state.1 However, this is not the place for a general review of such a major topic. Instead, in this article we focus on a few aspects of Russia's reforms in so far as they affect higher education, namely (1) ownership, property rights and governance issues; (2) funding issues and the state budget; (3) the tax regime and (4) non-functioning of the market economy. In what follows, therefore, we proceed as follows. First we outline some general issues relevant for the reform of a system of higher education moving away from former, Soviet-type structures, focusing on the Russian situation; then we present the case studies of Tomsk and Moscow. The following section examines issues concerning higher education in particular and the reform process more generally, as highlighted in the two case studies and in the light of the above four issues. We end with a short concluding section.     

Double Penalty in Returns to Education: Informality and Educational Mismatch in the Colombian Labour Market

This article examines the returns to education taking into consideration the existence of educational mismatches in the formal and informal employment of a developing country. Results show that the returns of surplus, required and deficit years of schooling are different in the two sectors. Moreover, they suggest that these returns vary along the wage distribution, and that the pattern of variation differs for formal and informal workers. In particular, informal workers face not only lower returns to their education, but suffer a second penalty associated with educational mismatches that puts them at a greater disadvantage compare to their formal counterparts.     

论市场经济与越南社会主义的关系

关于社会主义与市场经济是否能够兼容,学界一直存在不同观点。该文从马克思、恩格斯、列宁等经典作家的理论出发,结合社会主义国家发展的历史进程,指出发展市场经济是越南这样的后发国家建立社会主义的必经之路。而发展什么样的市场经济,如何发展市场经济,则取决于每个国家和民族的历史条件和独特环境。该文分析了越南发展社会主义定向的市场经济的过程,研究概括了其基本特征,试图回答如下问题:越南要建立一个什么样的社会,政府应在此过程中发挥什么样的作用,各种经济成分之间的关系如何等。     

Livestock and Private Tree Holdings in Rural Ethiopia: The Effects of Collective Action Institutions,Tenure Security and Market Access

This article uses househld panel data spanning the period 2000–2007 to test hypotheses from the literature that secure land tenure, market access and collective action promote accumulation of private capital assets in rural highland Ethiopia. The three natural capital assets analysed in the article, livestock, eucalyptus trees and non-eucalyptus trees on households’ farm plots, make up virtually 100 per cent of privately held disposable assets. Incomes and capital stocks are extremely low and constant and tree assets are at least as important as livestock. We find that collective action and secure land tenure have strong positive effects on accumulation of livestock and other trees, but not eucalyptus. We also find evidence that market access promotes eucalyptus holdings and that other types of wealth tend to be positively associated with private natural capital stocks.     

Agglomeration Advantages and Capability Building in Industrial Clusters: The Missing Link

Accumulation of technological capability is crucial for industrial growth and competitiveness of firms, particularly in the context of liberalisation and increasing international economic integration. The article sheds new light on the forces driving capability-building by complementing the micro-economic perspective on learning with a meso-economic perspective that takes account of interaction effects arising from firms' embeddedness in regional networks. The missing link at the interface between the two levels is explored by means of a taxonomy linking various agglomeration advantages to investments in technological effort. The framework results in new policy-relevant insights about the factors underpinning the acquisition of capabilities in comparison to conventional studies. A case study about farm equipment manufacturing in Pakistan's Punjab province is used as an empirical illustration.     

From Exclusion to Resistance: Migrant Domestic Workers and the Evolution of Agency in Lebanon

In addition to hosting a large population of refugees and displaced persons, Lebanon is home to an estimated 200,000 to 300,000 migrant domestic workers. Under Lebanese law, domestic workers fall under the kafala, or sponsorship, system. Existing literature has focused on the legality of the kafala system and the ensuing human rights violations resulting from workers' exclusion from Lebanese labor law. Based on fieldwork conducted in 2016, this article argues that migrant domestic workers in Lebanon have defied their spatial, social, and legal exclusion by organizing collective resistance, triggered in part by the July 2006 Israel-Lebanon war.     

The Obstacles to Foreign Aid Harmonization: Lessons from Decentralization Support in Indonesia

Relying on a new institutional economics analysis of transaction costs, the 2005 Paris Declaration on Aid Effectiveness emphasizes donor harmonization as an intermediate objective for increasing the effectiveness of foreign assistance in bringing about development outcomes. Surveys on adherence to the Paris Declaration commitments so far suggest that foreign aid donors are lagging behind targets. This paper explores the political and bureaucratic obstacles faced by bilateral and multilateral aid organizations trying to harmonize aid at the country level. Looking at foreign support for the decentralization and local governance sector in Indonesia??where a ??bold experiment?? in harmonization failed to bring about improved donor coordination??I find evidence that the lack of harmonization can be linked to some of the characteristic pathologies of foreign aid: the dominance of the strategic interests of some donors and the structure of bureaucratic incentives within aid agencies. These traditional problems work through a pathway that is underexplored in the literature: by enabling a lack of coordination among agencies within the recipient government, donors create barriers to harmonization of their own programming. However, I conclude by noting that government coordination failure may not be as much of a problem as donors make it out to be. Decisions about governance and decentralization are necessarily contentious and political. In the case where donors succeed in bringing about government coordination in the interest of their own harmonization, they risk exercising harmful leverage that leads to premature resolution of domestic policy disputes, thereby undermining the Paris Declaration principle of country ownership.     

The Responsibility to Responsibilize: Foreign Offices and the Issuing of Travel Warnings

What are the connections between personal risk-management and governmental responsibility toward citizens? This paper argues that governments in neoliberal societies increasingly acknowledge a responsibility to help citizens make "informed choices" in order to reduce or avoid risk. A key feature within this framework is the issuing of official governmental advice to the citizens. But such advice does not merely carry information that citizens are free to accept or decline. Rather, it also consists of a conscious effort on part of governments to construct individuals as calculating, prudent, and rational persons that know how to manage risk (to "responsibilize" them). Below I examine the practice of governmental advice as an effort of responsibilization in the case of travel warnings issued by foreign offices to international travelers.     

Access to What? Legal Agency and Access to Justice for Indigenous Peoples in Latin America

Abstract

In this paper I issue a call for a primary focus on expanding and strengthening alternative, community-based justice systems, as a strategy for securing the full benefits of legal agency to indigenous and other culturally distinct groups. I do so because what lies within the formal justice system – the very system to which so many well-meaning programmes promise access – is, for these groups and their members, often partial justice at best. Efforts to increase the space governed by autochthonous justice are more likely to produce true legal agency for both the communities and their members, although they raise important issues for included subgroups, such as women or culturally nonconforming groups. Somewhat paradoxically, indigenous groups’ engagement with the very apex of formal systems, through constitutional litigation, has been one avenue for increasing that space, thus reflecting the exercise of collective legal agency in the pursuit of collective and individual legal agency.     

台湾证券柜台市场发展与闽台证券柜台市场合作

台湾证券柜台市场为破解台湾中小企业融资难题和完善多层次资本市场做出了积极贡献。但是,台湾证券柜台市场发展空间狭小,加强闽台证券柜台市场合作,既有利于扩大台湾证券柜台市场发展空间,又有利于破解福建中小企业融资困境。在充分论述闽台证券柜台市场合作必要性和可行性的基础上,文章提出引入台湾上柜和兴柜交易机制与福建产权市场对接,阐述了闽台证券柜台交易市场的框架设计、合作路径及配套措施。     

The Returns to Education in Africa: Some New Estimates

Abstract

We estimate the rate of return to education for 12 African countries using recent data and a range of methodologies, which we apply consistently across all countries. Our findings confirm that the return to basic education is the lowest (7–10%). The returns to upper secondary and tertiary education are similar to one another (25–30%). Accounting for the risk of joblessness increases these rates of return, particularly for basic education and for women at tertiary level. Our results at the country level suggest that great care should be taken in choosing the appropriate methodology to estimate rates of return.     

The Long-run Relationship between Outward Foreign Direct Investment and Total Factor Productivity: Evidence for Developing Countries

Outward foreign direct investment (FDI) from developing countries has been growing significantly in both absolute and relative importance in recent years. Nevertheless, there is surprisingly little research on the home-country effects of outward FDI for these countries. This paper examines the long-run relationship between outward FDI and total factor productivity for a sample of 33 developing countries over the period from 1980 to 2005. Using panel co-integration techniques, we find that outward FDI has, on average, a robust positive long-run effect on total factor productivity in developing countries and that increased factor productivity is both a consequence and a cause of increased outward FDI.     

Assessing Small and Medium Forest Enterprises' Access to Microfinance: Case Studies from The Gambia

Small and medium forest enterprises (SMFEs) are commonplace in many developing economies. SMFEs often face several challenges, with access to finance frequently being cited as a key hurdle. This study aimed to evaluate the access that SMFEs in The Gambia have to microfinance, and to determine strategies for improving the delivery of these services. Data show that most SMFEs have decent access to deposit accounts, but limited access to credit. While cooperative credit unions and other non-financial institutions have been providing microloans to SMFEs, access to such financial services could be improved. Six strategies to do so are proposed.     

游走于中印之间：尼泊尔对外政策的基本走向

尼泊尔地处中国和印度之间,对中印两国都具有重要的战略价值。在和平与发展的国际形势下,尼印的关系将由特殊转向正常,而随着尼中边境交通条件的改善,尼中关系将得到长足发展。未来尼泊尔对外政策的基本走向将是在友好中立的框架内游走于中印之间,均衡发展与两个邻国的关系。     

Social Capital and Access to Credit: Evidence from Uganda

We use a nationally representative survey in Uganda to study the links between social capital and financial access. Our results indicate a positive association between individual social capital and access to institutional credit, but no significant relationship between generalised trust and credit access. The effect of individual social capital is more pronounced for poorer people, in rural areas, and in areas where generalised trust is low. Individual social capital seems to promote access especially to semiformal and informal financial institutions.