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831. Corruption and Globalization

Author:
Shang-Jin Wei
Publication Date:
04-2001
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
At least since the Asian financial crisis, the International Monetary Fund (IMF) has, from time to time, included transparency and anti-corruption measures as part of the conditions for countries to borrow its funds. Because of this, it has been criticized as having overstepped its mandate, or even having made crises worse in countries the IMF is supposed to help.
Topic:
Development, Economics, Globalization, and Third World
Political Geography:
Asia

832. Revisiting the 12 Myths of Central Asia

Author:
Martha Brill Olcott
Publication Date:
09-2001
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
NEARLY TEN YEARS HAVE PASSED since the countries of Central Asia received their independence. This impending anniversary is a good opportunity to look at how these states are managing the state-building process, and in particular what symbolic or ideological defenses they are offering for their actions. States need little protection from their successes but are always seeking ways to explain away their various failures. This paper looks at the “myths” that the leaders of the five Central Asian states are using to explain away the very disappointing results in both economic and especially political reforms and shows how U.S. policy makers have bought into some of these myths as well.
Topic:
Security, Economics, and Politics
Political Geography:
United States, Central Asia, and Asia

833. Strengthening Local Administration of Social Assistance in Russia

Author:
Raymond J. Struyk and L. Jerome Gallagher
Publication Date:
11-2001
Content Type:
Working Paper
Institution:
Urban Institute
Abstract:
A hallmark of the administration of social assistance under the socialist regimes in Eastern Europe and the USSR was the universal nature of eligibility for benefits, either to all citizens or to categories of deserving citizens, e.g., the physically handicapped. During the transition period since the collapse of the Soviet Union, the Russian Federation has taken limited steps to improve the targeting of benefits. The challenge to improvement is acute because the administration of the great majority of programs rests with agencies of local government. The question addressed here is how amenable local program administration is to improved targeting and more progressive program administration in general. Presented is an analysis of the results of assessments of two pilot programs implemented in two Russian cities in 2000–2001. The “school lunch pilot” introduced means testing in the school lunch program on a citywide basis; eligible families receive cash payments and all children pay the same price for their lunches in cash. The “jobs pilot” is a new, local means-tested program that provides cash support to families while unemployed workers search for work; continued receipt of funds is conditional on a minimum job search effort. We find that both programs were successfully implemented and that there was little resistance to the sharper targeting. On the other hand, a variety of problems with program administration were identified—problems that need to be addressed if program integrity and credibility are to be maintained.
Topic:
Economics, Government, and Human Welfare
Political Geography:
Russia, Europe, and Asia

834. Russian Nonprofits as Contracted Providers of Municipal Social Services: Initial Experience

Author:
Raymond J. Struyk and Kirill Chagin
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
Urban Institute
Abstract:
In the Russian Federation the delivery of social services to deserving population groups is mostly the responsibility of municipalities and other local governments. Services are delivered by municipal agencies. One way to inject competition into the delivery system is for local government to hold competitions to contract for social service delivery. The competitions can be open to nonprofit organizations (NPOs), some of which have been providing assistance in recent years to needy individuals and families similar to those that would be contracted.
Topic:
Economics, Human Welfare, and Non-Governmental Organization
Political Geography:
Russia, Europe, and Asia

835. Foreign Direct Investment in New Electricity Generating Capacity in Developing Asia: Stakeholders, Risks, and the Search for a New Paradigm

Author:
Robert Thomas Crow
Publication Date:
01-2001
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
The rate of investment sufficient to provide developing Asia with a reasonably adequate supply of electricity is immense, ranging from a World Bank estimate of 2000 megawatts (MW) each month (which translates into an annual investment of about $35 billion per year) to even higher estimates. All of the larger countries of developing Asia have been looking for foreign direct investment (FDI) to provide a significant amount of the needed capital. In 1996, financial closings for new power projects in developing Asia reached $13.7 billion, or almost 40 percent of the lower range of the estimated requirement. Although data on the foreign share of the monetary value of financial closings is not available, it is likely to be over 80 percent. Thus, the foreign share of total direct investment in power projects in developing Asia appeared to have been around 30 percent before the East Asian currency crisis.
Topic:
Economics, Energy Policy, and International Trade and Finance
Political Geography:
East Asia and Asia

836. Foreign Direct Investment in China: Effects on Growth and Economic Performance

Author:
Edward M. Graham and Erika Wada
Publication Date:
04-2001
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
By almost all accounts, foreign direct investment (FDI) in China has been one of the major success stories of the past 10 years. Starting from a base of less than $19 billion in 1990, the stock of FDI in China rose to over $300 billion at the end of 1999. Ranked by the stock of inward FDI, China thus has become the leader among all developing nations and second among the APEC nations (only the United States holds a larger stock of inward FDI). China's FDI consists largely of greenfield investment, while inward FDI in the United States by contrast has been generated more by takeover of existing enterprises than by new establishment, a point developed later in this paper. The majority of FDI in China has originated from elsewhere in developing Asia (i.e., not including Japan). Hong Kong, now a largely self-governing “special autonomous region” of China itself, has been the largest source of record. The dominance of Hong Kong, however, is somewhat illusory in that much FDI nominally from Hong Kong in reality is from elsewhere. Some of what is listed as Hong Kong-source FDI in China is, in fact, investment by domestic Chinese that is “round-tripped” through Hong Kong. Other FDI in China listed as Hong Kong in origin is in reality from various western nations and Taiwan that is placed into China via Hong Kong intermediaries. Alas, no published records exist to indicate exactly how much FDI in China that is nominally from Hong Kong is in fact attributable to other nations.
Topic:
Economics, International Trade and Finance, and Political Economy
Political Geography:
United States, Japan, China, Israel, East Asia, Asia, and Hong Kong

837. Reducing Urban and Industrial Pollution in India

Author:
Donald G. McClelland and Mark Hodges
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
United States Agency for International Development
Abstract:
An emerging industrial power, India faces major pollution problems. USAID has undertaken to help abate the release of emissions and effluents into the air and water using American technologies—thus helping U.S. firms as well. Significant success has been observed, but lack of solid baseline data obscures the actual extent of USAID's role.
Topic:
Economics, Environment, Human Welfare, and Science and Technology
Political Geography:
America, South Asia, India, and Asia

838. Urban and Industrial Pollution Programs: Russia Case Study

Author:
Matthew Addison, Mark Hodges, Steven Gale, and Nick Wedeman
Publication Date:
07-2001
Content Type:
Working Paper
Institution:
United States Agency for International Development
Abstract:
Since the official dissolution of the Soviet Union in 1991, Russia has moved forward to make the difficult transition to open markets and more democratic institutions. The journey toward a complete restructuring of the Russian economy and an adoption of wide-ranging political reforms has been perilous. Political instability continues, crime and corruption have become more widespread, and economic conditions show little sign of improving quickly. Efforts to privatize state-held industries, initially seen as wildly successful, have now met with resistance, and full citizen involvement in government is far from complete.
Topic:
Development, Economics, Environment, Human Welfare, and Science and Technology
Political Geography:
Russia, Europe, and Asia

839. India: Economic Growth and Poverty Reduction During the 1990s

Author:
Catherine G. Corey
Publication Date:
07-2001
Content Type:
Working Paper
Institution:
United States Agency for International Development
Abstract:
The fiscal crisis that struck India in 1991, as the result of myriad internal and external factors, compelled the nation to adopt a series of economic reforms and liberalization policies. The genesis of the fiscal crisis lay partly in the highly protected domestic economy that maintained extensive subsidization, licensing and investment regulations, thus placing considerable burdens on the expenditures of the central government. Compounding this problem was a rapidly expanding current account deficit that had grown over time as import demand steadily increased and exports and foreign investment lagged. These conditions, in combination with external factors, generated a severe balance of payments crisis in which India came perilously close to defaulting on loans from international lenders. Under the leadership of Prime Minister Narasimha Rao and Financial Minister Manmohan Singh, the Indian government initiated a series of macroeconomic reforms. This included reductions in fiscal expenditure, privatization of state-run industries, promotion of foreign investment, and liberalization of international trade policy.
Topic:
Development, Economics, International Trade and Finance, and Poverty
Political Geography:
South Asia and Asia

840. APEC — Shanghai Accord

Publication Date:
10-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Pacific Rim leaders on October 21 signed an accord to re-invigorate progress towards free trade and investment in the region. The Shanghai Accord marks the Asia-Pacific Economic Cooperation (APEC) forum's effort to stimulate a flagging liberalisation agenda and to show leadership in promoting regional recovery. However, the accord may exacerbate the risk of further fracturing the diverse grouping. It will be difficult for APEC to move forward on trade liberalisation given that the organisation's own formulation of consensual, unbound liberalisation has proved unsuccessful in periods of economic crisis. The pathfinder initiative may re-energise the process but at the risk of APEC's fragmentation and without addressing the problems of some members' hesitation and lack of political will for domestic structural reform.
Topic:
Economics, International Trade and Finance, and Politics
Political Geography:
Shanghai and Asia