Small States and Large Private Sector Investments in Infrastructure in Emerging Market Economies in Partnership with International Financial Institutions

2011 ◽  
pp. 139-158 ◽  
Author(s):  
Hilmar Þór Hilmarsson
Keyword(s):  
Private Sector ◽  
Financial Institutions ◽  
Emerging Market ◽  
Small States ◽  
Emerging Market Economies ◽  
International Financial Institutions ◽  
Market Economies

scholarly journals How Can Small States Like Iceland Work Effectively With International Financial Institutions?

2010 ◽  
Vol 5 (1) ◽  
Author(s):  
Hilmar Þór Hilmarsson
Keyword(s):  
Private Sector ◽  
Financial Institutions ◽  
Emerging Market ◽  
Small States ◽  
Emerging Market Economies ◽  
World Bank Group ◽  
International Financial Institutions ◽  
Policy Reforms ◽  
Development Bank ◽  
Market Economies

Conducting a constructive relationship with international financial institutions (IFIs) can be a challenge for small states like Iceland. Iceland is a member of the World Bank Group and the European Bank for Reconstruction and Development, but not a member of the regional development banks, i.e.: the Asian Development Bank, the Inter-American Development Bank and the African Development Bank. IFIs work both with the governments of emerging market economies in formulating and supporting policy reforms as well as with the private sector as private sector lead projects can help boost economic reconstruction in emerging markets. But can small states work effectively in partnership with IFIs? This article will discuss the challenges faced by small states in working with IFIs both when supporting government reforms in emerging market economies as well as when promoting private sector activities and investment in those economies.

Harinder S. Kohli (ed.). Growth and Development in Emerging Market Economies: International Private Capital Flows, Financial Markets and Globalisation. New Delhi: Sage Publication 2008. 369 pages. Hardbound. Indian Rs 695.00.

2008 ◽  
Vol 47 (3) ◽  
pp. 304-305
Author(s):  
Henna Ahsan
Keyword(s):  
Capital Flows ◽  
Growth And Development ◽  
Global Economy ◽  
Emerging Market ◽  
Balance Sheet ◽  
Emerging Market Economies ◽  
New Delhi ◽  
Infrastructure Development ◽  
Market Economies ◽  
Emerging Market Countries

The book discusses the different experiences in Asia and Latin America, while covering the closely related areas under the purview of Emerging Market Economies (EMEs). The first chapter, “Introduction and Overview” has written by Harinder S. Kohli gives an excellent review of the existing literature on the subject. The book discusses six related topics which include nine papers presented at the Emerging Markets Forum Meeting held in Jakarta, Indonesia, in September 2006. The book highlights the main factors of growth and development in Emerging Market Economies (EMEs) now closely related with international capital flows, development of financial market, the countries’ ability to integrate successfully with the global economy through trade and investment and their ability to forge public-private partnerships including infrastructure development. Chapter 2, of the book is an article titled “Global Imbalances, Oil Revenues and Capital Flows to Emerging Market Countries” by Jack Boorman explains the favourable global environment and its impact on capital flows to Emerging Market Countries (EMCs). The EMCs got advantage from this benign global economic environment, such as high economic growth rate, increase in exports, better national balance sheet and increase in foreign exchange reserves, but due to high oil prices the situation has been changed.

Sign in / Sign up

Export Citation Format

Share Document