scholarly journals Development Aid: A Perspective on the World Bank Performance Calculating the Social Return on Investment for the Least Developed

2017 ◽  
Vol 3 (3) ◽  
pp. 24
Author(s):  
Dominik Schäfer
Keyword(s):  
World Bank ◽  
Return On Investment ◽  
Net Present Value ◽  
Developed Countries ◽  
Development Aid ◽  
Least Developed Countries ◽  
The World Bank ◽  
Social Return On Investment ◽  
Project Costs ◽  
The World

This paper focuses on the evaluation of the World Bank (WB) performance in delivering development aid to the Least Developed Countries (LDCs). The portfolio Net Present Value (NPV) at the result stage of the LDCs (168 projects) was positive with NPV values ranging from 42,059 to 50,779 Mio USD (33,506 Mio USD total project costs) and from 6,188 to 7,799 Mio USD excluding the 7 outlier projects with abnormally “high-value” NPVs. The minimum Social Return on Investment (SROI) of the LDCs including all project costs was calculated. This SROI ratio outcomes of 1 and 1.06 in the weighted and 1.3 and 1.72 in the unweighted case indicate that projects delivered by the WB have a positive effect on the poor countries.

scholarly journals Development Aid - A Perspective on the Sustainability of World Bank Projects

2016 ◽  
Vol 9 (4) ◽  
pp. 241
Author(s):  
Dominik Schafer
Keyword(s):  
World Bank ◽  
Developed Countries ◽  
Development Aid ◽  
Project Delivery ◽  
Least Developed Countries ◽  
Asian Continent ◽  
The World Bank ◽  
The World

This paper focuses on the evaluation of the World Bank (WB) performance in delivering development aid to the Least Developed Countries (LDCs). For this purpose, an extensive research was performed to analyze a set of 790 Implementation Completion and Results reports for sustainability outcomes. Results of this research provide various insights on sustainability ratings of project delivery of the LDCs and the African and Asian continent, whereas overall satisfying sustainability ratings are disclosed.

Agency and Accountability in Multilateral Development Finance: An Agenda for Change

2011 ◽  
Vol 4 (1) ◽  
pp. 66-140
Author(s):  
Sophie E. Smyth
Keyword(s):  
World War Ii ◽  
World Bank ◽  
Ad Hoc ◽  
Development Aid ◽  
World War ◽  
Development Finance ◽  
The World Bank ◽  
Copenhagen Accord ◽  
The World ◽  
Aid Architecture

Recent development challenges highlight a pressing need to re-evaluate whether the post-World War II behemoths of multilateral development finance are up to the tasks being demanded of them today. The institutions that dominate the current order, the United Nations (“UN”) and the World Bank, are undergoing a crisis of confidence as the world’s development aid donors engage in an ongoing quest to find alternatives to them. This quest takes the form of setting up numerous funds narrowly tailored to finance specific, narrowly-defined needs. Examples of these funds include the Global Environment Trust Fund (GEF) and the Global Fund to Fight HIV Aids, Malaria and Tuberculosis. The Climate Change Fund, proposed in the December 2009 Copenhagen Accord (and recently renamed the Green Climate Fund), is poised to follow this approach. This ad hoc special purpose fund approach lacks a coherent, unifying vision of how to meet today’s development challenges. The funds that have been created fill a need but suffer from several deficits, ranging from governance gaps and lacunae in accountability, to high transaction costs and uncertain status in the international political and legal order. These deficits generate new risks and costs for the international aid architecture. In this Article, I argue that the time has come to re-design the interrelationship between these special purpose funds and the UN and the World Bank so that these funds can operate in sync with these institutions rather than as bypasses of them.

On the Brain Drain of Africans to America: Some Methodological Observations

2006 ◽  
Vol 5 (3) ◽  
pp. 155-162 ◽  
Author(s):  
F. Nii-Amoo Dodoo ◽  
Baffour Takyi ◽  
Jesse Mann
Keyword(s):  
Human Capital ◽  
World Bank ◽  
Brain Drain ◽  
Developed Countries ◽  
Accounting System ◽  
The World Bank ◽  
The World ◽  
Relative Comparisons ◽  
The Impact ◽  
The Brain

AbstractRecurring debates about the impact of the brain drain— the developing world's loss of human capital to more developed countries—has motivated estimation of the magnitude of the phenomenon, most recently by the World Bank. Although frequently cited as a key contributor to Africa's wanting development record, what constitutes the "brain-drain" is not always clearly defined. Today, in the absence of an accounting system, resolution of the definitional and measurement question depends on relative comparisons of measurement variants, which will identify definitional shortcomings by clarifying the merits and demerits of these variants, and thereby suggest corrective imputations. This paper compares the World Bank's approach to a chronological precedent (Dodoo 1997) to clarify the value of variant comparisons. The resultant implications for corrections are also discussed.

scholarly journals How to be an Asian Tiger

1997 ◽  
Vol 2 (2) ◽  
pp. 87-108
Author(s):  
Anis Alam
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
World Bank ◽  
Developed Countries ◽  
Small Country ◽  
The World Bank ◽  
Asian Tiger ◽  
The World ◽  
The Republic ◽  
Industrialised Countries

In 1995 the Republic of Korea (ROK) was officially admitted to the Organisation for Economic Cooperation and Development (OECD). This organisation groups together industrially developed countries of the world. Recently, the World Bank has also released a study of China that predicts that China is going to become the second biggest economy in the next fifteen years if its economic growth follows the pattern of the last fifteen years. ROK is the only country from among the developing countries to join the ranks of the developed industrialised countries in the last thirty years. However, it is still a small country compared to China. Hence when China completes its transformation into an industrialised country the whole world will be affected.

John Cody, Helen Hughes and David Wall (eds.). Policies for Industrial Progressin Developing Countries - A Study jointly Sponsored by UNIDO and the World Bank. New York: Oxford University Press (for the World Bank). 1980. Paper Back Edition. ix + 316 pp.

1981 ◽  
Vol 20 (4) ◽  
pp. 469-473
Author(s):  
Mir Annice Mahmood
Keyword(s):  
New York ◽  
Developing Countries ◽  
World Bank ◽  
Industrial Development ◽  
Manufacturing Sector ◽  
Developed Countries ◽  
Oxford University ◽  
The World Bank ◽  
The World ◽  
Exchange Control

The book under review is a compendium of acticles by eminent economists including W. M. Corden, Amartya Sen, Ronald McKinnon, Deepak Lal and others. These economists who have had much experience with policy-making in developing countries evaluate the different policies undertaken by governments to facilitate industrial progress in the less developed countries. Of particular importance among these policies are those that deal with the balance of payments, exchange control, licensing, tariffs, quotas, etc. As noted by the editors the manufacturing sector has been largely responsible for industrial development; as such the subject matter of all the articles is related to this sector only.

The Role of World Bank in Global Development

2014 ◽  
pp. 56-64
Author(s):  
Ismail Erkan Çelik ◽  
Ümit Hacıoğlu ◽  
Hasan Dinçer
Keyword(s):  
World Bank ◽  
World Trade ◽  
Developed Countries ◽  
Global Development ◽  
Structural Problems ◽  
Structural Improvement ◽  
The World Bank ◽  
The World ◽  
Limited Scale

In global development it has been observed that the World Bank sources have been allocated on a limited scale by developed countries as not all countries have been included in the process at the same rate. The efforts of the World Bank to increase the development level of countries, which have resource allocation and structural problems, have contributed to obtaining structural improvement in the world economy as well as necessary sources of income from the world trade for each country. Depending on that, recovery targets with the tools and resources of the World Bank used for the purpose of expanding developing countries are set forth in this study.

World Bank Directives, Domestic Interests, and the Politics of Human Capital Investment in Latin America

2000 ◽  
Vol 33 (1) ◽  
pp. 113-143 ◽  
Author(s):  
WENDY HUNTER ◽  
DAVID S. BROWN
Keyword(s):  
Developing Countries ◽  
Human Capital ◽  
World Bank ◽  
Latin American ◽  
Capital Investment ◽  
Developed Countries ◽  
Cross Sectional ◽  
Education And Health ◽  
The World Bank ◽  
The World

Recent studies underscore the importance of international organizations in transmitting norms, ideas, and values to developing countries. But has this diffusion influenced government policy in less developed countries? During the past two decades, the World Bank has emphasized the need for Third World governments to increase the stock of human capital by investing in education and health. Specifically, it has encouraged developing countries to shift an increasing share of their resources toward primary education. The authors examine 13 Latin American countries between 1980 and 1992 to establish the relationship between World Bank project lending and government investment in human capital. They combine time-series cross-sectional analysis with field research to evaluate the World Bank's influence on government spending on education and health. Although the World Bank may be successful in convincing developing country technocrats to “invest in people,” this research suggests that it is less successful in convincing the politicians who control the purse strings.

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