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Begin New Search Topic Development Content Type Working Paper Publication Year within 5 Years

321. Making Basel III Work for Emerging Markets and Developing Economies

Author:
Thorsten Beck and Liliana Rojas-Suarez
Publication Date:
04-2019
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
A sound financial regulatory framework is critical for minimizing the risk imposed by financial system fra­gility. In the world’s emerging markets and developing economies (EMDEs), such regulation is also essential to support economic development and poverty reduc­tion. Meanwhile, it is increasingly recognized that global financial stability is a global public good: recent decades have seen the development of new inter­national financial regulatory standards, to serve as benchmarks for gauging regulation across countries, facilitate cooperation among financial supervisors from different countries, and create a level playing field for financial institutions wherever they operate. For the worldwide banking industry, the international regulatory standards promulgated by the Basel Com­mittee on Banking Supervision (BCBS) stand out for their wide-ranging scope and detail. Even though the latest Basel recommendations, adopted in late 2017 and known as Basel III, are, like their predecessors, calibrated primarily for advanced countries, many EMDEs are in the process of adopting and adapting them, and many others are considering it. They do so because they see it as in their long-term interest, but at the same time the new standards pose for them new risks and challenges. This report assesses the implica­tions of Basel III for EMDEs and provides recommen­dations for both international and local policymakers to make Basel III work for these economies.
Topic:
Development, Economics, Emerging Markets, and Markets
Political Geography:
Global Focus

322. Downsizing Defense in Development: Unpacking DOD’s Development Assistance

Author:
Sarah Rose
Publication Date:
05-2019
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
The US Department of Defense (DOD) is not a development agency, but it does manage millions of dollars of development assistance. In the early 2000s, DOD took on a significantly expanded development role, prompting a number of concerns and creating a lingering perception of intensive US military involvement in development activities. In fact, lessons learned from this era drove a reconceptualization of the Pentagon’s role in development. Today, the military controls only a tiny portion of US development funds, most of which go toward health (mainly PEPFAR) and disaster relief activities. This paper provides a brief landscape analysis of DOD’s recent development aid-funded efforts, breaking down its engagement into six key thematic areas. It concludes with five considerations related to DOD’s role in development assistance: (1) DOD has comparative advantages that make it an important actor in US development policy; (2) civilian-military coordination is hard but critical for development policy coherence; (3) adequate resourcing of civilian agencies is critical for effective civilian-military division of labor; (4) increasing the flexibility of civilian agencies’ staffing, programming, and funding could complement the military’s rapid response capabilities; and (5) incomplete transparency and limited focus on results reduces accountability around DOD’s aid investments.
Topic:
Defense Policy, Development, Military Strategy, Bureaucracy, and Civil-Military Relations
Political Geography:
United States and North America

323. Does the Financial Action Task Force (FATF) Help or Hinder Financial Inclusion? A Study of FATF Mutual Evaluation Reports

Author:
Michael Pisa
Publication Date:
05-2019
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
As the organization responsible for setting international standards on anti-money laundering and countering the financing of terrorism (AML/CFT), the Financial Action Task Force (FATF) has encouraged countries to design measures that protect the integrity of the financial system and support financial inclusion. But it has also received criticism that poor implementation of its standards can undermine financial access. One of the FATF’s main tools for compelling effective use of its standards is the mutual evaluation process, which relies on peer reviews to assess countries’ level of compliance with the FATF Recommendations. We explore whether these reviews have been conducted in a way that helps or hinders national efforts to promote financial inclusion by reviewing the 33 developing country mutual evaluations that took place between 2015-2018. Overall, these findings suggest that assessment teams have conducted mutual evaluations in a way that supports efforts to promote financial inclusion and the flexible use of simplified measures. There is, however, inconsistency in how assessors treat risks emanating from financial exclusion, which suggests the need for a more systematic approach to evaluating these risks.
Topic:
Development, Terrorism, Finance, and Financial Integrity
Political Geography:
Global Focus

324. Understanding the Opportunity Cost, Seizing the Opportunity: Report of the Working Group on Incorporating Economics and Modelling in Global Health Goals and Guidelines

Author:
The Working Group on Incorporating Economics and Modeling in Global Health Goals and Guidelines
Publication Date:
05-2019
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
Internationally set goals and guidelines directly influ­ence the setting of health care priorities at the national level, affecting how limited resources are generated and allocated across health care needs. The influence of global priority setting, such as through the formu­lation of overarching goals or normative guidelines for specific disease areas, is particularly significant in low- and middle-income countries that rely heavily on overseas development assistance. Because no sys­tematic approach exists for dealing with resource con­straints, however, which vary across countries, goals and guidance are often inappropriate for some country contexts; their implementation can, therefore, reduce the efficiency and equity of health care spending. The Working Group on Incorporating Economics and Modelling in Global Health Goals and Guidelines, co-convened by the Center for Global Development, Thanzi la Onse, and the HIV Modelling Consortium, has brought together disease specialists, policymakers, economists, and modelers from national governments, international organizations, and academic institutions across the globe to address these issues, to take stock of current approaches, and make recommendations for better practice. The Working Group deliberated on the roles and purposes of goals and guidelines and consid­ered how economic evidence might be formally incor­porated into policy recommendations and health care decision making. The target audiences for this report are international health institutions, large stakehold­ers in disease programs across the world, and national governments.
Topic:
Development, Health, Health Care Policy, and Public Health
Political Geography:
Global Focus

325. World Bank Financing to Support Refugees and Their Hosts: Recommendations for IDA19

Author:
Lauren Post, Cindy Huang, and Sarah Charles
Publication Date:
06-2019
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
In its 18th replenishment of the International Development Association (IDA18, covering 2017–2020), the World Bank made a game-changing decision to create a US$2 billion financing window to support low-income countries hosting large numbers of refugees.[1] This financing is significant for two key reasons. First, in its scale and scope, the Refugee Sub-Window (RSW) is responsive to both the programmatic and policy needs of protracted refugee crises. Second, in supporting both refugees and their host communities, the RSW aligns refugee responses with host countries’ national development plans.
Topic:
Development, World Bank, Refugees, and Humanitarian Crisis
Political Geography:
Global Focus

326. Transforming the Institutional Landscape in Sub-Saharan Africa: Considerations for Leveraging Africa’s Research Capacity to Achieve Socioeconomic Development

Author:
Alex Ezeh and Jessie Lu
Publication Date:
07-2019
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
In order to achieve sustainable development outcomes in sub-Saharan Africa (SSA), African institutions must be the leading experts on and primary providers of research solutions to local problems. Despite years of investment in capacity building, SSA lags behind every other region in terms of research outputs and government investments, and new models for building institutional capacity are needed. Through interviews with African institutional leaders and development partners working in SSA, this study finds that funding inefficiencies lead to key challenges within institutions’ governance and management structures, financial systems, talent management processes, leadership and institutional vision capacities, and peer support networks, all of which obstruct the ability of African institutions to become impactful and sustainable drivers of development outcomes in the region. We present for consideration three possible innovative models that can facilitate the emergence of strong Africa-based, Africa-led institutions: a multi-stakeholder funding platform, an integrator organization model, and a scale model.
Topic:
Development, Research, Sustainability, and Socioeconomics
Political Geography:
Africa and Sub-Saharan Africa

327. The Socio-economic Impact of Anti-vehicle Mines in Angola

Author:
Yeonju Jung
Publication Date:
11-2019
Content Type:
Working Paper
Institution:
Stockholm International Peace Research Institute
Abstract:
The humanitarian and developmental impact of anti-vehicle mines (AVMs) is particularly relevant in immediate post-conflict reconstruction efforts. However, the comprehensive analysis of how AVMs hamper the socio-economic and sustainable development outlook of communities in the medium and long term has often been overlooked. This pilot study depicts the impact of AVM contamination on socio-economic development and the benefits of AVM clearance on sustainable development. To do so, the Sustainable Development Goals (SDGs) serve as a framework to measure the impact of AVM clearance on agriculture, infrastructure, and access to social services.
Topic:
Development, Conflict, Peace, and Landmines
Political Geography:
Africa and Angola

328. Building Development Partnership: Engagement Between China and Latin America

Author:
Haibin Niu
Publication Date:
06-2019
Content Type:
Working Paper
Institution:
The Carter Center
Abstract:
The full-fledged economic ties between China and Latin America and the Caribbean are important indicators of China’s role as a global player. In the ongoing and heightened debate about China’s rise, China’s impact on Latin America is being discussed by scholars and policymakers worldwide. Though there are doubts about China’s intentions and impact on Latin America, China has developed a more substantial and meaningful policy framework to build development partnership with the region.
Topic:
Foreign Policy, Development, International Cooperation, and Economic Cooperation
Political Geography:
China, Asia, and Latin America

329. Influence and Infrastructure: The Strategic Stakes of Foreign Projects

Author:
Jonathan Hillman
Publication Date:
01-2019
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
This report illustrates how states use foreign infrastructure to advance strategic objectives. Some avenues for influence are intuitive, while others require a more detailed understanding of how infrastructure projects are conceived, financed, built, and operated. With an eye toward illuminating current issues, this report draws from examples throughout history and shows how China is updating and exercising tactics used by Western powers during the nineteenth and twentieth centuries. With developing Asia alone requiring $26 trillion in additional infrastructure investment by 2030, these issues, and the strategic implications they carry, are likely to intensify in the coming years.
Topic:
Development, Infrastructure, and Foreign Interference
Political Geography:
Global Focus

330. Rebooting the Innovation Agenda

Author:
Daniel F. Runde and David E. Spiro
Publication Date:
03-2019
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
The fourth industrial revolution is underway, and technological changes will disrupt economic systems, displace workers, concentrate power and wealth, and erode trust in public institutions and the democratic political process. Up until now, the focus has largely been on how technology itself will impact society, with little attention being paid to the role of institutions. The relationship between societies and their institutions is changing, and countries will have to strengthen their capacities to avoid heightened social divisions. They must build resilience through gradual and intentional interventions designed for long-term, sustainable development. It is also essential that institutions work hard to build credibility and use available development tools, such as development finance institutions and foreign aid, to mitigate the risks of disruption. Countries and other stakeholders must pioneer these initiatives to successfully navigate the disruptions stemming from the fourth industrial revolution. The revision of existing models of education, skill development and investment and the integration of different stakeholders into the conversation will be critical in helping institutions play a productive role in rebooting the innovation agenda. This new report, Rebooting the Innovation Agenda, analyzes the need for resilient institution and the role they are expected to play in the fourth industrial revolution.
Topic:
Development, Industrial Policy, Science and Technology, Foreign Aid, and Industrialization
Political Geography:
Global Focus