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The literature on aid effectiveness has focused more on recipient policies than the determinants of aid allocation yet a consistent result is that political allies obtain more aid from donors than non-allies. This paper shows that aid allocated to political allies is ineffective for growth,...
Persistent link: https://www.econbiz.de/10010653526
Asian emerging market-India for the period 1991 through 2010. I also compare the market in India among the BRIC economies … and financial reforms in India. Further, I highlight the internationalization process of Indian firms by supporting the … data on parent corporations and foreign affiliates. I eventually draw conclusions from India’s share as a percentage of the …
Persistent link: https://www.econbiz.de/10011251877
To date, government procurement has been effectively carved out of the main multilateral rules of the WTO system. This paper examines the systemic and other ramifications of this exclusion, from both an economic and a legal point of view. In addition to relevant elements of the WTO Agreements,...
Persistent link: https://www.econbiz.de/10011115144
The article examines the mandatory requirement under state corporate law and stock exchange listing standards that public corporations hold annual shareholders' meetings for the election of directors. Specifically, I question the value of requiring corporations to (1) elect directors annually,...
Persistent link: https://www.econbiz.de/10012779972
the emerging markets era, say India. …
Persistent link: https://www.econbiz.de/10011107682
, including increased market power and political connections. We use a sample of 17,647 takeovers from 45 countries to examine the … governance countries do takeovers that generate higher stock-returns and increase post-takeover operating performance. Their …
Persistent link: https://www.econbiz.de/10010776950
This paper critically reviews the debate of ‘growth and development’ since 1950 in order to place and conceptualize the term inclusive growth. The paper argues that the basic objective of inclusive growth is the smooth functioning of nation state and to avoid socio economic and political...
Persistent link: https://www.econbiz.de/10009295278
This is an important and ambitious book but its timing could not be more unfortunate. It is the result of a two year research project co-sponsored by the Economic Development Institute (EDI) at the World Bank and by the Center for Economic Policy Research at Stanford University. The contributors...
Persistent link: https://www.econbiz.de/10011110023
A brief and very personal overview of some important issues in the management of development, with particular attention to Indonesia and education.
Persistent link: https://www.econbiz.de/10011111543
There are significant income and nonincome development gaps around the world. Closing these gaps will require not only increasing and sustaining economic growth in low-income regions, but also policies that close nonincome development gaps directly. Governments need to support private investment...
Persistent link: https://www.econbiz.de/10009245396