The Future of Bank Lending to Developing Countries: The Debt Overhang and Market Access

Author(s):  
Graham Bird
1989 ◽  
Vol 21 (1-2) ◽  
pp. 221-239 ◽  
Author(s):  
Eva Paus

Since 1982, most Latin American countries have witnessed slow economic growth and a persistent net transfer of funds to the rest of the world as a result of sharply reduced inflows of private international bank lending and large debt payment obligations. Against this background direct foreign investment (DFI) has received increasing attention as one important element in overcoming the present stagnation-cum-debt crisis as well as in contributing to renewed economic growth. This article explores the possible contributions of DFI to the future economic growth and development of the region.1


2021 ◽  
Vol 63 (2, Mar-Abr) ◽  
pp. 163-165
Author(s):  
Alexandra Arias-Mendoza ◽  
Héctor González-Pacheco ◽  
Diego Araiza-Garaygordobil ◽  
Guering Eid-Lidt ◽  
Rodrigo Gopar-Nieto

Author(s):  
P. Kadochnikov ◽  
M. Ptashkina

The US and the EU are negotiating a comprehensive Trans-Atlantic Trade and Investment Partnership (TTIP). The main purposes of the agreement are to stimulate economic growth and employment, to facilitate trade and investment and raise competitiveness on both sides of the Atlantic. The US and EU are the biggest trade and investment partners for each other, as well as most important partners for a number of other countries. The Trans-Atlantic free trade agreement would not only facilitate bilateral cooperation, but has a potential to set up new, more advanced international trade and investment rules and practices. The agreement is aimed, among other point, at resolving some of the existing problems in bilateral relations, such as differences in regulatory practices, market access conditions, government procurement, intellectual property rights (IPR) and investor protection. However, some of these differences are deeply inherent in the regulatory systems and have become the reasons for numerous disputes. Despite the fact that the negotiations on TTIP are still in progress, it is already possible to identify and assess the underlying differences that would potentially hamper the creation of deep provisions in the future agreement. The paper aims at analyzing the most difficult areas of negotiations and giving predictions for the future provisions. Firstly, the paper gives an overview of the scope and structure of bilateral relations between the US and EU. Secondly, the authors give detailed analysis of the most important points of the negotiation’s agenda, making stress on the underlying differences in domestic regulation and assessing the depth of those differences. The conclusions are as follows. While some of the areas, such as tariffs, labor and environment, SMEs, state enterprises and others, are relatively easy to agree upon, as both economies are striving to achieve high standards, negotiations on other issues, such as government procurement, NTM regulation and IPR are less likely to achieve high standards.


Author(s):  
S. Afanas'ev ◽  
V. Kondrat’ev

For the next decade, the future of the automotive industry lies in BRIC’ countries. Together, Brazil, Russia, India, and China will account for some 30 percent of world auto sales in 2014 while also offering significant opportunities for cost-effective R&D, sourcing, and manufacturing. The authors analyze the degree of localization of leading TNC and supplies in each BRIC country, for each function, compare localization across BRIC countries, assess the future development of these markets, compare local capabilities and resources, and identify particularly promising combinations of functions and countries. Key trends in developing countries include continuing liberalization and globalization, increased foreign investment and ownership, and the increasing importance of follow-source and follow-design forces. The article concerns the trends and factors of national automotive industry formation in BRIC countries. Special emphasis is made on localization of R&D activities, final assembly operations and components production by global automotive companies in BRIC countries. It systemizes the factors of investment opportunities of different developing markets. It is concluded that active state regulation is playing the principle role in localization and catching-up process in automotive industry in developing countries. The comparison of the automotive industry in BRIC countries allows shedding light on the economic processes of emergence at large. There is a stark contrast in the capacities of development of the sector in these countries. This contrast serves as an analyzer between the modes of sector opening and the paths of technological catching-up that is the core of the phenomenon of emergence. The analysis and best practices presented in the topic, while focusing on the BRIC countries, are applicable also to other rapidly developing economies.


1975 ◽  
Vol 8 (5) ◽  
pp. 268-270 ◽  
Author(s):  
W P Feistritzer

In this short article the author indicates the present stages of development of variety evaluation, testing, certification, production and marketing of quality seed—of cereals, industrial crops, pasture plants and vegetables—in major geographical regions of the world and draws attention to some of the underlying problems which must be faced in the future if further progress is to be made.


2019 ◽  
Vol 11 (8) ◽  
pp. 2418 ◽  
Author(s):  
Nadia Singh ◽  
Richard Nyuur ◽  
Ben Richmond

Renewable energy is being increasingly touted as the “fuel of the future,” which will help to reconcile the prerogatives of high economic growth and an economically friendly development trajectory. This paper seeks to examine relationships between renewable energy production and economic growth and the differential impact on both developed and developing economies. We employed the Fully Modified Ordinary Least Square (FMOLS) regression model to a sample of 20 developed and developing countries for the period 1995–2016. Our key empirical findings reveal that renewable energy production is associated with a positive and statistically significant impact on economic growth in both developed and developing countries for the period 1995–2016. Our results also show that the impact of renewable energy production on economic growth is higher in developing economies, as compared to developed economies. In developed countries, an increase in renewable energy production leads to a 0.07 per cent rise in output, compared to only 0.05 per cent rise in output for developing countries. These findings have important implications for policymakers and reveal that renewable energy production can offer an environmentally sustainable means of economic growth in the future.


Global Policy ◽  
2019 ◽  
Vol 10 (1) ◽  
pp. 102-103
Author(s):  
Lan Xue

2017 ◽  
Vol 3 (1) ◽  
pp. 39-46
Author(s):  
Mariam Abbas Soharwardi ◽  
Hina Ali ◽  
Mujahid Ali

Purpose: In developing countries foreign lending becomes a problem now a day instead of spend this lending for the development purposes. Ultimately this problem causes poverty in these countries where usage of foreign lending is not in proper ways. The purpose of this study is to investigate the impact of IMF and World Bank lending on poverty in Pakistan, India and Bhutan. In this study corruption, GDP, unemployment, secondary enrolment, and external debt are used as independent variables and poverty headcount ratio as dependent variable. Study finds out the relationship of corruption, unemployment and external debts with poverty and showing the positive relationship while secondary enrolment and GDP showing negative relation with poverty. Moreover study finds out that lending of IMF and WORLD BANK mostly causes poverty in these developing countries instead of reducing poverty because of corrupt government's weak policies for the distribution of loans. It is examined that the countries with strong policies and non-corrupt government can take full advantage of these lending for poverty reduction. But it is noticed that the countries which are the members of IMF structural adjustment programs are facing more poverty problems as compare to those countries which are not involved in these programs or even have less numbers of lending. Those countries are much better than the countries involve in structural adjustment programs.


Sign in / Sign up

Export Citation Format

Share Document