[PDF] Multinational Banks And Underdevelopment eBook

Author : Maurice A. Odle
Publisher : Elsevier
Page : 219 pages
File Size : 47,52 MB
Release : 2013-10-22
Category : Business & Economics
ISBN : 1483190358

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Multinational Banks and Underdevelopment is a study that relates global banking with the lack of multidimensional development in various geographical regions. The book first details the imperialist role of finance, and then proceeds to discussing the process of multinational bank penetration. The next series of chapters talks about how multinational banks are one of the major causes of unequal development, and indicates that the stopgap measures have failed to contribute anything to remedy the problem. Next, the selection discusses that a much more radical approach is needed to bring about real change. The book then details that consortium banks do not help in alleviating the problem. The book will be of great interest to economists, political scientists, sociologists, and game theorists.

Author : Pade Badru
Publisher : Routledge
Page : 160 pages
File Size : 34,46 MB
Release : 2018-12-20
Category : Social Science
ISBN : 0429853513

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Published in 1998, this book reviews two of the World Bank's agricultural development projects in southeast Nigeria, and concludes that the objectives of these projects - which include reducing rural poverty and developing indigenous capacity for rural development - have not been fully realized. This book concludes that what these projects have achieved in the past, was the increasing integration of the peasant's political economy into the world's capitalist market with negative consequences. For example, the projects emphasis on export crop production, as opposed to food production, simply led to a diminishing capability among peasant farmers especially in the project areas, to produce food for themselves - while at the same time, reporting increased productivity in export-related production. The end result is widespread poverty amongst the poorest strata of peasant farmers participating in the program. In addition, the book looks at the Bank's structural adjustment programme, which in fact has the potential to reduce whatever benefits its agricultural programs might bring about for peasant producers.

Author : Asli Demirguc-Kunt
Publisher : World Bank Publications
Page : 228 pages
File Size : 46,44 MB
Release : 2018-04-19
Category : Business & Economics
ISBN : 1464812683

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In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Author : Michael DaCosta
Publisher : Routledge
Page : 176 pages
File Size : 18,48 MB
Release : 2019-03-04
Category : Social Science
ISBN : 0429696841

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Although commercial banks have played an increasingly important role in providing capital to developing nations, many analysts argue that private financing poses risks both to borrowing nations and the stability of the international economic system. In response, Mr. DaCosta demonstrates that developing nations that adopt appropriate policies can gain substantially by drawing on private sources of capital. His analysis indicates that many criticisms of the role of commercial banks are unfounded and that debt problems in LDCs typically are related to inadequate reserve and external debt management policies in the borrowing countries themselves. Emphasizing that economic growth in LDCs often is constrained by balance-of-payment deficits, Mr. DaCosta shows that nations relying on private capital frequently experience higher-than-average growth rates and argues that the advantages of unconditional or untied aid generally outweigh the constraints imposed by the multilateral aid agencies. In conclusion, he outlines specific policies developing nations can adopt to reduce financial risk and, turning to the needs of the poorest of the LDCs, examines a variety of proposals aimed at increasing the flow of concessional assistance to those countries that cannot qualify for commercial bank funds.

Author : Susan Park
Publisher : Routledge
Page : 258 pages
File Size : 26,11 MB
Release : 2015-08-27
Category : Political Science
ISBN : 1317568559

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As pillars of the post-1945 international economic system the Regional and Sub-Regional Development Banks (RSDBs) have long been considered mini-World Banks, reiterating the policy approach of the largest official multilateral development lender in the world. The main objective of the collection is to identify what role the RSDBs play in global economic governance and why. This edited collection draws together cutting edge original research on these understudied institutions. In the burgeoning sub-field of global economic governance as well as the broader study of international organisations (IOs), too often the focus remains on the World Bank and the International Monetary Fund (IMF). Second-order IOs, such as the RSDBs, receive much less attention despite their longevity and regional importance. This volume corrects this oversight by bringing together methodologically diverse research on the RSDBs that interrogates the role and impact of these organisations in global economic governance. The book investigates: the African Development Bank (AfDB); the Asian Development Bank (AsDB); the Inter-American Development Bank (IDB), and the European Bank for Reconstruction and Development (EBRD) and select sub-regional development banks in comparison to the World Bank Group. This work will be of great interest to students and scholars of IPE, IR and Development Studies.

Author : Adrian Robert Bazbauers
Publisher : Routledge
Page : 280 pages
File Size : 14,96 MB
Release : 2021-03-11
Category : Business & Economics
ISBN : 1000361330

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This book explores the evolution of the 30 functioning multilateral development banks (MDBs). MDBs have their roots in the growing system of international finance and multilateral cooperation, with the first recognisable MDB being proposed by Latin America in financial cooperation with the US in the late 1930s. That Inter-American Bank did not eventuate but was a precursor to the World Bank being negotiated at Bretton Woods in 1944. Since then, a complex network of regional, sub-regional, and specialised development banks has progressively emerged across the globe, including two significant recent entrants established by China and the BRICS. MDBs arrange loans, credits, and guarantees for investment in member states, generally with the stated aim of fostering economic growth. They operate in both the Global North and South, though there are more MDBs focusing on emerging and developing states. While the World Bank and some of the larger regional banks have been scrutinised, little attention has been paid to the smaller banks or the overall system. This book provides the first study of all 30 MDBs and it evaluates their interrelationships. It analyses the emergence of the MDBs in relation to geopolitics, development paradigms and debt. It includes sections on each of the banks as well as on how MDBs have approached the key sectors of infrastructure, human development, and climate. This book will be of particular interest to researchers of development finance, global governance, and international political economy.

Author : Ruth Ben-Artzi
Publisher : Cambridge University Press
Page : 295 pages
File Size : 24,19 MB
Release : 2016-09-08
Category : Business & Economics
ISBN : 1107163439

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In a study contributing to international relations and international political economy theory, the author raises substantive issues relating to aid, development, international relations and globalization. Focusing on the dichotomy between their banking and development roles, we learn that regional development banks are potentially critical catalysts in the fight against poverty, even with their institutional limitations.