Development Finance in the Global Economy: The Road Ahead

Addison, Tony; Mavrotas, George

doi:10.1057/9780230594074_1

Cited by 7 publications

(6 citation statements)

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“…As a result; two ways were proposed for debt burden reduction for poor countries: 1) to give incentives for capital inflows and 2) to make general macroeconomics environment more stable by trying to encourage economic growth. (Addison, 2008). The observed facts state that borrowed funds should be used in productive investments rather than consumption.…”

Section: Contributionmentioning

confidence: 99%

Development economics and money-capital relationship

Kines¹

2018

Pressacademia

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Purpose-In our days, the major problem of developping and/or underdevelopped countries concerning economic development may be stated as insufficient capital accumulation, the limited possibilities of savings and the difficulty of accessing foreign financing channels. In order to realize the production process which is the basic element of economic development, the main factor needed is capital. In this study; some supportive opinions have been proposed for developping and/or underdevelopped countries to attain a satisfactory level of economic development in today's World conditions. Methodology-Based on literature review, especially by the means of increasing savings and using internal channels, some theoritical findings and solutions are proposed for developping and/or underdevelopped countries in the process of capital accumulation and economic development. Findings-The question of why countries differ with respect to income is the major focus for development economics subfield. The answer of that question may be found in the ability to accumulate capital in different countries. Obviously; the rise and fall of capital as a key factor for economic development, depend primarily on technological changes observed after Industrial Revolution and Technological Revolution. In our days; more attention should be given to education, governance, technological advances for developping and/or underdevelopped countries in the content of economic development and growth. Conclusion-In our World which is completely globalized in economic terms; staying underdeveloped for a considerable number of countries should be seen as a problem for developed countries as well. In conclusion; it may be stated that capital accumulation has lost its importance while some other factors including educated human resources, good governance, technological changes have gained priority in the process of economic development. And finally, it may be concluded that sole capital accumulation could not be enough efficient to access these features mentioned above.

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Section: Contributionmentioning

confidence: 99%

Development economics and money-capital relationship

Kines¹

2018

Pressacademia

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“…Remittances in recent years have grown to be one of the most important financial flows to developing countries, exceeding US$240 billion in 2007, more than twice the volume of aid flows. 1 2.4. Possible outcomes.…”

Section: The Impact On Developing Countriesmentioning

confidence: 99%

Impact of Financial Crisis on Developing Countries

Horhota

2009

SSRN Journal

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This paper aims to discusses in a critically manner the crisis and concludes that as far as the developing countries are concerned, a bit more optimism may be warranted. Although without doubt there are particular countries that will be adversely affected, there will also be countries that may be less affected, may avoid recession, and may recover sooner than expected. Finally, some options available to the developing countries for minimizing the impact of the crisis are discussed. The crisis accentuates the urgent need for accelerating financial development in developing countries, both through domestic financial deepening, domestic resource mobilization, and reform of the international financial system.

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“…There is no unique conclusion regarding the influence of FDI and international trade on economic growth; thus, there are no restrictions for development policies to encourage sustainable economic growth and development [2]. However, the results obtained by foreign capital development will be affected by selecting adequate economic policy measures for international trade diversification, new technologies and the accomplishment of the overall objective of reduction in poverty [3].…”

Section: Introductionmentioning

confidence: 99%

A Novel Integrated PCA-DEA-IMF SWARA-CRADIS Model for Evaluating the Impact of FDI on the Sustainability of the Economic System

et al. 2022

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Today’s economic systems are, on the one hand, exposed to various risks and uncertainties with their trends changing almost daily, while on the other hand, they represent an extremely complex system with a large number of sustainable influential parameters. The challenge is to model macroeconomic parameters and achieve sustainability, yet also satisfy conflict situations with an increased level of uncertainty. The aim of this paper is to create an appropriate functional model by examining the mutual influence of various macroeconomic factors. It assesses a total of four scenarios considering mutual influences of: FDI (foreign direct investments), GDP (gross domestic product), imports, exports, inflation rate, RER (real exchange rate) and employment rate as defined parameters. First, the DEA (Data envelopment analysis) model was applied to determine the initial efficiency of two countries, Bosnia and Herzegovina (BIH) and Serbia, for the period 2005–2020. Then, PCA (Principal Component Analysis) was applied in combination with DEA to obtain more precise values. In addition, IMF SWARA (Improved Fuzzy Stepwise Weight Assessment Ratio Analysis) was applied to define weight coefficients of macro-economic parameters. Finally, the CRADIS (compromise ranking of alternatives from distance to ideal solution) model was applied for the final ranking of part of decision-making units. This developed, integrated model can be classified as a mathematical method for economic analysis and gives extended opportunities for solving different problems. The results show that 2009, 2013 and 2016 were the most favorable years in terms of the conditions set when it comes to Bosnia and Herzegovina, and 2012, 2014 and 2016 when it comes to Serbia. These years have been singled out and can be a benchmark for further handling and modeling of macroeconomic elements. In addition, correlation was tested using statistical coefficients.

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Development Finance in the Global Economy: The Road Ahead

Abstract: Liisa (F'Art) Roponen for her consistent editing magic, and Adam Swallow, whose publishing drive has seen this volume completed.

Cited by 7 publications

References 74 publications

Development economics and money-capital relationship

Development economics and money-capital relationship

Impact of Financial Crisis on Developing Countries

A Novel Integrated PCA-DEA-IMF SWARA-CRADIS Model for Evaluating the Impact of FDI on the Sustainability of the Economic System

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