In the midst of rapid urbanisation and economic growth, the developing world faces challenges in the relationships between land, poverty, and security. Rising social and economic exclusion and insufficient land regulations have spawned an informal housing sector. Given the risk to the broad base of middle- and low-income households in developing countries and the growing demands in urbanising land markets, it is imperative that governments develop a more fine-grained understanding of their land and housing policies. Local authorities must also begin to consider innovative ways to preserve affordability in a market-responsive way. Community land trusts (CLTs) provide one means of resolving the paradox between formalising land ownership and mitigating exclusion from an increasingly unaffordable land market. CLTs seek to balance private property rights, which are the cornerstone of modern land markets and individual wealth, with the affordability and accessibility needs of the community.
The development of transport infrastructure requires great sources of financing, both public and private. In the article the role of PPP in transport in developing countries is considered. Recently there has been an increase in PPP in transport in developing countries, but the financial needs of transport infrastructure development are still huge. In the article the features of PPP in transport are also considered.
Although recent evidence suggests that the development of dynamic capabilities (DC) is a key factor to gain and sustain competitive advantages to promote firm´s growth, the question of how SMEs create, identify, and seize opportunities for growth have not been fully explored, particularly in developing countries with scarce resources. The aim of this study is to shed light on how SMEs develop capabilities to grow in the specific context of developing countries with resources constraints. To achieve a detailed description of the processes involved, this study applies a qualitative methodology based on a comparative case study of eight SMEs within the software and tourism industries in Argentine, which have been previously identified as dynamic sectors with high growth potential. Our findings suggest that SMEs develop DC mainly through an emerging process of iterative experimentation rather than through strategic planning. This process involves the coordination of organizational actions and resources, with managers playing a key role.
Financial derivatives (interest rate futures, options and swaps) are a very simple way to minimize interest rate risk and therefore are extremely popular. The value of interest rate derivatives transactions in the world is increasing dramatically. Unfortunately, this is not the case with developing countries in Europe. Although significantly increased in the last decade, interest rate derivatives markets in developing countries are still in nascent stage. In most developing countries still the main problem for the interest rate derivatives development is the lack of basic conditions, including inadequate measurement of interest rate risk exposure, underdevelopment of financial markets in general and especially of market instruments that underlying derivatives, weak and/or inadequate infrastructure and legal framework, misunderstanding and lack of experience in operations with financial derivatives and the complexity of the derivatives accounting.
While European pension debates focus on long-term sustainability of existing pension systems, globally the major challenge is the lack coverage. Only 30% of the world’s working age population contributes to any pension scheme and only slightly more than half of the worlds elderly receive any type of pensions or other income support benefits. Main reasons of this situation are at the labour markets where only relatively small portions of the population are in formal employment which would allow achieving effective coverage by contributory pension schemes. Paper shows that countries which achieved significant expansion of coverage did it through non-contributory, so-called social pensions – universal, means-tested or pensiontested. The main challenge of non-contributory pensions benefits is not their sustaiability in terms of benefit costs as there is a number of policy parameters allowing to control benefit expenditure, but sustainability in terms of securing adequate budgetary funding. It requires implementing legal and budgeting mechanisms which would prevent discretion and politil volatility in allocating resources necessary to fund such pension schemes.
Epidemia wirusa SARS-CoV-2 przyszła nagle, druzgocąc systemy zdrowotne kolejnych państw bez względu na ich kondycję finansową. I choć jeszcze pod koniec 2019 roku wydawało się, że pozostanie ona problemem Dalekiego Wschodu, mechanizmy związane z globalizacją i z ludzką mobilnością sprawiły, że w ciągu kilku tygodni siły i możliwości całego niemal globu zostały wystawione na potężną próbę – podobną dla każdego kraju. Wszystko to miało miejsce w momencie, kiedy coraz śmielej analitycy przepowiadali kolejny kryzys finansowy – czyli w momencie rozszalałych procesów gospodarczych. Te z kolei ściśle wiążą się z koniecznością zaciągania długów zagranicznych – zwłaszcza w przypadku krajów rozwijających się. Zasadne wydaje się więc dokonanie analizy aktualnych informacji w tym zakresie na podstawie publikowanych danych i stanowiska analityków tego obszaru problematycznego. Będzie to jednocześnie wstęp do dalszych analiz, pogłębionych o całościowe dane z kolejnych miesięcy
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The SARS-CoV-2 virus outbreak came suddenly, devastating the health systems of other countries regardless of the financial condition of individual countries. And although at the end of 2019 it seemed that it would remain a problem in the Far East, the mechanisms related to globalization and human mobility meant that within a few weeks the strength and capabilities of almost the entire globe were exposed to a huge challenge-similar for every country. All of this took place at a time when analysts boldly predicted another financial crisis-at a time of raging economic processes. These, in turn, are closely related to the necessity to incur foreign debts-especially in the case of developing countries. Therefore, it seems reasonable to analyze the current information in this regard, based on the published data and the position of analysts in this problematic area. At the same time, it will be an introduction to further analyses in-depth with comprehensive data for the coming months.
The issue of quality in education is still one of the key current debates within international education policy. There are comments that development education has a significant contribution to make to these debates. Skinner, Blum and Bourn (2013) suggested that greater collaboration between the field of development education and international education policy could facilitate the creation of an agenda that focuses on education quality and learning processes, as opposed to the current preoccupation with education access and outcomes.
This paper examines the association between education and subjective well-being (SWB). To this end, the data collected during the My Baobab Foundation's (FMB) operations in Madagascar in 2007-2020 are analyzed a posteriori. The paper ofers some insight into what is required for a lowincome country to follow the pathway to education, and examines how educational eforts can translate into an improvement in SWB.
This article discusses the course of economic integration of ASEAN countries under the ASEAN Free Trade Agreement. Since the Common Effective Preferential Tariff Scheme was signed in 1992, ASEAN member countries have made significant progress in lowering intra-regional tariffs. The article analyses the volume and structure of merchandise produced in ASEAN countries and also attempts to determine whether the volume and rate of growth of intra-regional trade have remained at low levels.
The paper considers challenges of moving education into Cloud under the conditions of digital divide. The content of the paper is divided into two parts. In the first one, the focus is on digital divide, since it greatly affects the issue. In the second part, a model for adapting Cloud in higher educational environment is proposed, with the emphasise on the needs of so-called developing countries, which suffer consequences of digital inequality. The statistical analyses of the survey conducted on the basis of the proposed model have been made at two universities in Montenegro (South-East Europe). Moreover, brief conclusions along with some guidelines for the future research work in the field are given.
This article is an attempt to indicate the role of trade politics in enabling particular countries to raise to the sphere of higher value added within the world trade. East Asia has succeeded using this type of politics, whereas Latin America has not. In each developing country, some advantages coming from the liberalization of import, which has been a part of strategy focused on confining poverty and accelerating the accrual, can be noticed. However, the construction of reforms, their sequence and the pace of implementing have decided about the effectiveness of the liberalization strategy. Notwithstanding this, the true economic success has been achieved only by developing countries which use the export growth politics. In the article, three theses are described: 1) foreign trade is a more powerful factor that furthers the development of the poorest countries than foreign aid and the role of the foreign trade increases with the general development of a country1, 2) foreign trade is determined by global rules of its operating, therefore, developing countries have to join in the system of international coordination of trade politics, 3) although MFN is used in a commercial treaty aspiring to regulate even worldwide business relations, the liberalization of the world trade, based on MFN, affects developing countries in a negative way, because with a downturn of general level of imposition, both the distinction and benefit from GSP system for the countries are decreasing.
The effect of globalization is not only an improvement of living conditions in developing countries, but also a widening of development disparities and economic inequalities between countries of the rich North and the poor South. The Fair Trade can be considered as a response to emerging problems of development. Therefore, it can be perceived as a form of assistance directed to the marginalized producers in the Global South by enabling them to manufacture, sell and distribute goods to markets in developed countries. This is an alternative to the existing formula of international trade; whose aim is to help producers in the South by integrating them into the current trading system under certain conditions. The idea is to create a new business relationship between producer and consumer, where the production and consumption are bound together in a new supply chain and where the economic benefits are distributed more fairly. It means that the prices of Fair Trade products are set at a level that would ensure a steady income to the producer and would lead to raising their living standards and prosperity. The ethical aspects of the Fair Trade system are clear. The problem is whether the Fair Trade standards can be used on a wider scale in the global economy, whereas there is an evident clash of certain ethical values with market economy rules based on maximizing profits and increasing efficiency.
Innovation is an inherently risky and uncertain process. Many of the broader challenges to innovation in general are both mirrored and exaggerated in clean technology innovation. The development of environmental technologies is further complicated by the public goods nature of knowledge, environmental externalities, and uncertainty. This study on clean technology focuses on recent work on the role of uncertainty, the participation of emerging and developing nations, the controversy surrounding intellectual property rights, and the variety of market actors and strategies in place. The paper also considers the policy instruments that are available, the cost, benefits and consequences of their use. As scholars continue to analyze when, where, why and how clean technology innovations are developed and adopted, it is essential that government policymakers aim to reduce uncertainty and risk, incentivize innovation with effective intellectual property rights, and foster transparency in the market. This continues to be a field of increasing future importance, and a rich area for continued academic study and analysis. Consumers, government policymakers and innovators would all benefit from a greater understanding of the process of technological change in the development, diffusion and financing of clean technologies.
Background. Unfinished tuberculosis (TB) treatment has slowly but surely become an unexpected event in the disease’s development into drug-resistant TB. Developing countries, mostly comprised of Asian and Eastern European countries, including Indonesia, have been overwhelmed in preventing drug-resistant TB outcomes and have also failed to avoid the development of this disease. Objectives. This review discusses the current issue of an unfinished first-line TB treatment strategy in primary care in Indonesia, presenting some relevant strategies in developing countries. Material and methods. A narrative review approach conducted on all existing evidence in selected scientific bibliographic sources. The researchers defined the keywords based on the research question as a search strategy. Results. Scarce resources and limited access, alongside national policy on TB control and management, contribute in different ways to impede first-line TB treatment in Indonesia. Empowerment of TB patients and their families are considered the best ways to increase awareness on TB medication in a low- to middle-income setting. The role of the hospital and private practitioner networks in the treatment and management of TB patients is essential for developing active-case-finding-approach programs for TB suspects in primary care in an Indonesian setting. Contrarily, the potential misunderstandings in TB treatment have led to peculiar events affected by poor surveillance systems for TB investigation contacts to prevent TB incidences in large populations. Conclusions. This study addressed the barrier of all stakeholders, particularly primary care, to achieve the Indonesian government’s goals of TB elimination by 2030 and zero TB findings by 2050
The aim of the paper is to evaluate the impact of foreign direct investment of Polish enterprises on their competitiveness as well as to identify areas of greatest benefits from an international involvement in the form of FDI depending on the location of foreign affiliates. The article presents the results of a research carried out in 2012 through direct interviews among Polish companies – direct investors. Results revealed that the activity of Polish enterprises in the form of FDI has a positive influence on their competitiveness and the FDI impact is considered to be dependent on the location of a foreign affiliate only in relation to competitors in foreign markets. In addition, the benefits of internationalization, identified by the surveyed companies, vary in the cases of developed and developing countries.
In putting forth a view of economic agents as autonomous individuals driven by self-interest, mainstream economics precludes the possibility of gift. Gift could be found in non-market, “collectivist”, societies, where “informal” norms would include gift-giving. In this context, the paper argues that mainstream views regarding the impossibility of the concept of gift are inaccurate, via an analysis of conceptual and empirical contributions of other social sciences, notably sciences of mankind “par excellence” such as anthropology and philosophy. In particular, the paper shows that critiques of mainstream views that are based on simple contrasts and qualifications do not provide conceptual instruments for a rigorous critique (such as “collectivism”, “informality”, “altruism”). This is also the case with the more “heterodox” views that underscore the unrealistic character of mainstream models of social interactions and norms. The mainstream arguments of self-interest and exchanges, based on expectations of future returns as universal traits of human beings, are indeed not easy to refute, including with the conceptual tools of other social sciences. This paper instead argues that a deeper analysis of concepts such as selfishness, interest, exchange, or the individual yields a more relevant critique of mainstream conceptions of gift—“the interest of whom?” and “exchange shaped by what?” being the pertinent questions. Other social sciences show that these concepts actually always presuppose the pre-existence of societies before that of individuals, and this is expressed by the many facets of the conceptualisations of the act of giving, whether societies are market or non-market ones.
This paper inquires the effects of globalization on child labor in developing countries via cross-country analysis by decomposing globalization to its components; foreign direct investment (FDI) and trade. The findings reveal that the relationship between the child labor supply and gross domestic product per capita (PCGDP) can be expressed as a U shape. The study indicates that the child labor increases in the developing countries whose PCGDP levels are above $7500 since the net effect of globalization is positive for the positive substitution effect is bigger than the negative income effect. Data have been collected from UNICEF and World Bank.
The underlying causes for the low representation of women on board directorships has been the subject of considerable research when viewed in the context of North American, European and Asian economies and markets. In Africa, very few studies exist that examine this reality even if the socio-economic situation increasingly requires it. Indeed, women are a pillar of the social and economic life of African countries, as they constitute the equilibrium point of family stability and contributors to various essential economic activities alongside men in their community and country. This central role of African woman in all civic endeavours stands in stark contradiction to their general absence on the Board of Directors of most African companies. Although a recent ADB study indicates that the percentage of African women on boards is higher than on some other continents’ nonetheless, the fact remains that this low representation is astonishing. This research aims to understand the cause and effect relationship and to identify the determinants of this low representation of women as sitting board members. It is based on semi-structured interviews with women who are voting members on existing Boards of Directors of large firms in the public and private sectors. It shows that the low representation of women in boardrooms is explained more by socio-cultural factors rather than any organizational flaws or personal issues with these women.
Distributed Ledger Technologies (DLTs) have become a topic that is being more and more discussed in political, economic and scientific discourses. , also within economic sciences. Their potential to redefine many processes in the economy is growing, and there is a consensus in the scientific community about their revolutionary character. Blockchain is one of the DLTs and one of the breakthrough technologies distinctive for the Fourth Industrial Revolution. The aim of the paper is to draw attention to the potential of blockchain technology for developing countries and how it can contribute to the improvement of quality of life and fighting poverty. Following Schwab’s thesis, “the extent to which society embraces technological innovation is a major determinant of progress”. Therefore, developing countries should not disregard the potential of blockchain technology that can solve a lot of current problems and provide access to previously unreachable services with a relatively low cost (both implementation and subsequent maintenance cost).
Since the first decade of the twenty first century Brazil, China, India and South Africa (BASIC countries) have substantially increased their development assistance to developing countries. Now, they are called the main emerging (new) donors. BASIC countries are donors and recipient countries at the same time. They still receive a lot of assistance from developed countries and international organisations. At the same time they provide development assistance to the South. As new donors they both change the rules of providing aid established by traditional donors and reduce the possibility of their impact on the economic policies of developing countries. The aim of the article is the presentation of development aid policies of Brazil, China, India and South Africa. The level of aid is estimated on the reports which are available on the government websites of BASIC countries and data presented by different authors in the literature. However, because of the complexity of the emerging donors’aid system, the figures do not fully show the actual state. Among BASIC countries China is the biggest donor and South Africa offers the lowest amount of aid. India and Brazil provided similar amounts of development assistance to developing countries in the years 2007-2010. The investigation shows that Brazil, China, India nad South Africa instead of providing conditional aid prefer development cooperation. They break with the hierarchical donor-recipient relationship, declare solidarity with Southern countries and respect their national sovereignty and independence. Moreover, they show greater sensitivity to the needs of developing countries and share with them their own experiences in the field of socio-economic development. Their development aid/cooperation is set to obtain mutual benefits and creates conditions for further economic cooperation. For BASIC countries the development aid/cooperation is also an important tool of their foreign policy. They often use aid to achieve political, strategic and economic objectives. However, their aid seems to be more attractive to developing countries and has a greater impact on their economic growth than the development assistance offered by the traditional donors.
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