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11012. Inside the World Bank's Black Box Allocation System: How Well Does IDA Allocate Resources to the Neediest and Most Vulnerable Countries?
- Author:
- Benjamin Leo
- Publication Date:
- 06-2010
- Content Type:
- Working Paper
- Institution:
- Center for Global Development
- Abstract:
- During the last few International Development Association (IDA) replenishment negotiations, several large donors have pressed for reforms to further increase the share of IDA resources provided to the neediest and most vulnerable countries. While the proposed reforms take different forms, the philosophical Thrust is the same—push IDA's focus further down the development chain. Against this backdrop, this paper explores just how well IDA's existing performance-based allocation (PBA) system actually addresses these issues. To achieve this, I examine how IDA allocations are distributed at each successive stage of the PBA methodology based upon a number of need and vulnerability measures. Next, I apply two simple measures to gauge IDA's performance: (1) whether per-capita allocations to the neediest and most vulnerable countries are equal to or greater than those for the best off countries and (2) whether allocations to the neediest and most vulnerable countries increase between the baseline and final allocation scenarios. Based on these criteria, IDA has a mixed track record. IDA's performance is very modest with respect to the relative share allocated to the neediest or most vulnerable countries. Of the eight measures examined, only two illustrate parity between final allocations to the bottom and top quartile of countries. However, the litany of PBA exceptions clearly helps to redistribute resources in absolute terms. Per-capita allocations to the neediest and most vulnerable countries more than doubles between the baseline and final PBA scenarios for every need and vulnerability indicator examined. Clearly, the existing system has several built-in biases to redistribute resources to these countries. However, these exceptions fall short from ensuring full parity that some IDA donors may wish to achieve. As such, the philosophical debate among key IDA donors likely will continue for the foreseeable future.
- Topic:
- Development, Economics, Foreign Aid, and Financial Crisis
11013. Pulling Agricultural Innovation and the Market Together
- Author:
- Kimberly Elliott
- Publication Date:
- 06-2010
- Content Type:
- Working Paper
- Institution:
- Center for Global Development
- Abstract:
- Feeding an additional three billion people over the next four decades, along with providing food security for another one billion people that are currently hungry or malnourished, is a huge challenge. Meeting those goals in a context of land and water scarcity, climate change, and declining crop yields will require another giant leap in agricultural innovation. The aim of this paper is to stimulate a dialogue on what new approaches might be needed to meet these needs and how innovative funding mechanisms could play a role. In particular, could “pull mechanisms,” where donors stimulate demand for new technologies, be a useful complement to traditional “push mechanisms,” where donors provide funding to increase the supply of research and development (R). With a pull mechanism, donors seek to engage the private sector, which is almost entirely absent today in developing country R for agriculture, and they pay only when specified outcomes are delivered and adopted.
- Topic:
- Security, Agriculture, Development, and Poverty
11014. The Inefficiency of Clearing Mandates
- Author:
- Craig Pirrong
- Publication Date:
- 07-2010
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- In the aftermath of the financial crisis, attention has turned to reducing systemic risk in the derivatives markets. Much of this attention has focused on counterparty risk in the over-the counter market, where trades are bilaterally executed between dealers and derivative purchasers. One proposal for addressing such counterparty risk is to mandate the trading of derivatives over a centralized clearinghouse. This paper lays out the advantages and risks to a mandated clearing requirement, showing how, in some instances, such a mandate can actually increase systemic risk and result in more financial bailouts.
- Topic:
- Economics, International Trade and Finance, Markets, and Financial Crisis
11015. The DISCLOSE Act, Deliberation, and the First Amendment
- Author:
- John Samples
- Publication Date:
- 06-2010
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- The United States Supreme Court decided in Citizens United v. Federal Election Commission that Congress may not prohibit spending on political speech by corporations. President Obama and several members of Congress have sharply criticized Citizens United, and Sen. Charles Schumer and Rep. Chris Van Hollen have proposed the DISCLOSE Act in response to the ruling. DISCLOSE mandates disclosure of corporate sources of independent spending on speech, putatively in the interest of shareholders and voters. However, it is unlikely that either shareholders or voters would be made better off by this legislation. Shareholders could demand and receive such disclosure without government mandates, given the efficiency of capital markets. The benefits of such disclosure for voters are likely less than assumed, while the costs are paid in chilled speech and in less rational public deliberation. DISCLOSE also prohibits speech by government contractors, TARP recipients, and companies managed by foreign nationals. The case for prohibiting speech by each of these groups seems flawed. In general, DISCLOSE exploits loopholes in Citizens United limits on government control of speech to contravene the spirit of that decision and the letter of the First Amendment.
- Topic:
- Civil Society, Democratization, and Human Rights
- Political Geography:
- United States
11016. Product Market Reforms in EU Countries: Are the methodology and evidence sufficiently robust?
- Author:
- Jacques Pelkmans
- Publication Date:
- 07-2010
- Content Type:
- Working Paper
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- In the EU of today, economic policies, competition policy and regulation are expected to be 'evidence-based'. The purpose of the present paper is to discuss critically the most prominent empirical approach to the measurement of regulation: the OECD product market regulation (PMR) indicators. The paper sets out what exactly product market reforms are and the empirical regulatory indicators that have been developed by the OECD, the World Bank and others.
- Topic:
- Markets and Financial Crisis
- Political Geography:
- Europe
11017. Quantum Surveillance and 'Shared Secrets'
- Author:
- Juliet Lodge
- Publication Date:
- 07-2010
- Content Type:
- Working Paper
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- It is no longer sensible to regard biometrics as having neutral socio-economic, legal and political impacts. Newer generation biometrics are fluid and include behavioural and emotional data that can be combined with other data. Therefore, a range of issues needs to be reviewed in light of the increasing privatisation of 'security' that escapes effective, democratic parliamentary and regulatory control and oversight at national, international and EU levels, argues Juliet Lodge, Professor and co-Director of the Jean Monnet European Centre of Excellence at the University of Leeds, UK.
- Topic:
- Security, Democratization, and Regional Cooperation
- Political Geography:
- Europe
11018. Towards a Common European Border Service?
- Author:
- Sergio Carrera
- Publication Date:
- 06-2010
- Content Type:
- Working Paper
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- What should be the future institutional configurations of the second generation of the EU's Integrated Border Management strategy for the common external borders? The Stockholm Programme endorsed by the European Council on December 2009 and the European Commission's action plan implementing it published in April 2010 have brought back to the EU policy agenda the feasibility of setting up a European system of border guards as a long-term policy vision. This Working Document examines the origins of this proposal and aims at thinking ahead by asserting that any future discussion and study in this context should be refocused by initially addressing two central questions: First, what kind of 'border guard' and what kinds of 'border controls' does the EU need in light of the current EU acquis on external border crossings and the Schengen Borders Code? Second, what would be the 'added value' of any new institutional arrangement at the current stage of European integration?
- Topic:
- International Law and Regional Cooperation
- Political Geography:
- Europe
11019. Common Security and Defence Policy and the Lisbon Treaty Fudge: No common strategic culture, no major progress
- Author:
- Vasilis Margaras
- Publication Date:
- 06-2010
- Content Type:
- Working Paper
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- With the establishment of the Common Security and Defence Policy (CSDP) in 1999, the EU aimed to tackle challenges in the field of security by deploying various police and military missions in troubled crisis areas. The consolidation of the CSDP raised hopes for the EU's role in external affairs. However, the majority of CSDP missions are still on a small scale. Strategic disagreements among EU partners persist on issues of UN legality, NATO-neutrality and the geographic deployment of missions. This lack of consensus is due to a lack of common ideas, values and practices regarding the use of police and military force in Europe. In short: there is no common strategic culture.
- Topic:
- Security and Defense Policy
- Political Geography:
- Europe
11020. Job quality and labour market performance
- Author:
- Christine Erhel and Mathilde Guergoat-Larivière
- Publication Date:
- 06-2010
- Content Type:
- Working Paper
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- Job quality is a multidimensional concept that can be defined using four main dimensions and measured through indicators such as the so-called 'Laeken' indicators. The empirical analysis of job quality in Europe leads to three main types of result. First, it reveals important differences across countries, with four main regimes prevalent in Europe. Second, it supports the hypothesis that a higher level of job quality is associated with better labour market and economic performance. Finally, it emphasises the heterogeneity of quality across social groups, especially according to gender, age, and education.
- Topic:
- Social Stratification and Labor Issues
- Political Geography:
- Europe