The role of social capital in regional development is a multifaceted topic which is studied all over the world using various methods and across numerous disciplines. It has long been evident that social capital is important for regional development, however, it is less clear how this works in practice. Do all types of social capital have the same effects and are different kinds of regions impacted in the same way? This book is the first to offer an overview of this rapidly expanding field of research and to thoroughly analyze the complex issue of social capital and regional development. The authoritative and original chapters, written by leading scholars from around the world, combine theory and new empirical research to analyze various types of regions from metropolitan to rural. A particular focus is on entrepreneurship and the social capital of enterprises, whilst the role of social capital for modern governance and planning is also highlighted. The different components of social capital and data availability are also treated in depth. This handbook is an ideal resource for students and scholars studying social capital, social networks, and regional growth and development.It also offers great insight for policymaker and planners in the fields of urban, regional and rural development. Contributors include: M. Andersson, P. Arenius, R.E. Bolton, N. Bosma, A. Christoforou, M. Emmelin, M. Eriksson, M.P. Feldman, E. Ferragina, R. Franzen, M. Fritsch, T. Hatori, D. Iriwati, B. Johannisson, B. Johansson, L. King, K. Kobayashi, J.P. Larsson, M. Lindberg, M. Ljunggren, J. Peiro-Palomino, E. Pisani, J. Poot, Y. Pu, M. Ramirez Pasillas, M. Roskruge, R. Rutten, V. Schutjens, E. Setiawan, T.F. Slaper, M.F. Thompson, E. Tortosa-Ausina, B. Volker, J. Wernberg, H. Westlund, M. Wyrwich, A. Xiong, T.D. Zoller

External and internal efforts to help developing countries achieve growth and economic stability, based on Western models, have resulted in frustration at best and in the creation of serious new problems without the resolution of existing ones at worst. Professor Gharajedaghi contends that this general failure stems not from a lack of expertise but from a fundamental misconception of the development process. Challenging common assumptions about the nature of national development planning, he proposes practical new approaches aimed at fostering national and local planning initiatives rather than continued reliance on external and traditional development models. This study is the product of more than 25 years of research and experience in planning in developing nations. It presents a flexible theoretical framework that reflects philosophical, methodological, and conceptual aspects of planning and it may be readily adapted to a full range of development situations.

The authors discuss the impact of foreign aid and tackle the question of why assessing the impact of aid is so difficult. The authors focus on peer-reviewed, cross-country studies published over the last decade and draw together some global-level assessments, considering the context and conditions under which aid might be said to 'work'. Glennie and Sumner argue that the evidence in four areas shows signs of convergence that may have direct relevance for policy decisions on aid and for aid effectiveness discussions. These are as follows: Aid levels (meaning if aid is too low or too high); Domestic political institutions (including political stability and extent of decentralisation); Aid composition (including sectors, modalities, objectives and time horizons); and Aid volatility and fragmentation. Notably, this study finds that there is no consensus that the effectiveness of aid depends on orthodox economic policies.

This collection explores the productive potential of uncertainty for people living in Africa as well as for scholars of Africa. Eight ethnographic case studies from across the continent examine how uncertainty is used to negotiate insecurity, create and conduct relationships, and act as a source for imagining the future.

The household has traditionally been neglected in studies of Asian political economy. While there is an emergent literature that looks at this relationship, to date, it is fragmented. The contributors consider how the household economy has increasingly been incorporated into development planning and policy making within both states and multilateral development agencies. They examine the social consequences of the tendency to view households as marketizable spaces, and explore how the household economy relates to broader structures of industrial production in the region. With case studies on Singapore, Malaysia, Sri Lanka, India, Japan, South Korea, Vietnam and China, they provide a comprehensive picture of the centrality of the household economy to ongoing processes and struggles associated with the continuous economic transformation of the region.

This timely Handbook collates a range of evidence from top scholars in the field to help readers understand who microfinance reaches, how it helps, and why clients come back. It offers updated views on important concepts that enable a broader framework for understanding poverty and the corresponding financial needs of poor households. Chapters cover recent findings on social impacts, the role of gender, fairness of interest rates, financial resilience in emergencies, and financial education, to provide a thorough coverage of key areas of the field. The Handbook focuses on delivery mechanisms for financial services including group liability lending, agent banking, and digital finance, as well as the special role of value chain finance and insurance for smallholder agriculture. The case studies from both developed and developing countries and regions, illustrating the novel aspects of the link between microfinance, financial inclusion and development will make this a critical read for economics and development studies scholars. The practitioner views on the role of microfinance included in the Handbook will also make this a relevant and useful read for policy makers and practitioners in the area

Africans Investing in Africa explores intra-African trade and investment by showing how, where and why Africans invest across Africa; to identify the economic, political and social experiences that hinder or stimulate investment; and to highlight examples of pan-African investors.

This book is a comparative study of international practices in bankruptcy law, providing perspectives from a variety of specialisms including practitioners, lawyers, bankers, accountants and judges from the United Arab Emirates, the UK and Singapore.

How are the economic policies which developing countries adopt selected and how do they change? Who are the key players in economic development policies? Professor Anil Hira answers these questions head on by suggesting new ways of looking at how ideas affect economic policy. He first traces the way that ideas become wedded to interest groups over time, and he interprets the debate over economic development policy as a series of changes in idea-interest networks, often marked by crises. He then looks closely at economic idea entrepreneurs. Through concrete case studies of networks in Latin America, with a focus on Chilean economic policy, Hira explains not only how ideas are introduced, but which ones win out in the economic policy process and why. He introduces the concept of economic knowledge networks to understand groups of economists wedded to certain sets of ideas, such as neoliberalism or structuralism. Economic knowledge networks extend beyond Latin America and can be found in such diverse places as Indonesia and Egypt. Hira identifies the characteristics of these groups and shows how they create political action through their organizational activities and ideas. Hira not only sheds light on how ideas affect economic policy, but also provides an inside story on the groups responsible for the new economic revolution that is sweeping Latin America and transforming the regional economy. An important resource for scholars, students, and policy makers involved with international political economy, emerging economies, and Latin American studies.

Despite various decades of research and claim-making by feminist scholars and movements, gender remains an overlooked area in development studies. Looking at key issues in development studies through the prisms of gender and feminism, the authors demonstrate that gender is an indispensable tool for social change.

This Palgrave Pivot features original research studies of wage inequality in African countries including South Africa, Nigeria, Tanzania, and Uganda. The contributors examine gender and racial wage differentials, as well as the effects of urbanization and globalization on inequality in wages and earnings. They also examine the extent to which human capital factors such as education and experience contribute to the significant wage differentials that exist in African countries.

An expert on East European politics and economics analyzes and evaluates Western policies toward the new East European democracies as they struggle to build stable political orders and functioning market economies. He argues that the West must give higher priority to assisting the region and reorient its strategies so as to emphasize the political and administrative dimensions of economic reconstruction. He reviews the economic legacy of past Western policies and of Eastern Europe's previous dependency on the Soviet Union, and then examines in detail the changing East-West trade patterns, the prospect for Western investment and technology transfer, the questions of finance, debt, and foreign aid, and the dilemmas of market reform. Students, scholars, policy analysts, historians, and business people will find this fascinating reading. It is an excellent text for courses in U.S. foreign policy, comparative politics, international political economy, East European and Slavic studies, comparative economics, and international trade and finance.

How an economy handles financial and business distress has a major impact on confidence in business, the availability of investment, the cost of credit, and economic growth. The financial crisis of 2007-2008 and its aftermath was a catalyst to legal reform in the field of bankruptcy and restructuring law and brought an added focus to the systemic threat of bank failure to the financial system. This book explores the general principles and practice of legal reform within bankruptcy. From a variety of specialists including practitioners, lawyers, bankers, accountants and judges from the United Arab Emirates, the UK and Singapore, it provides a variety of perspectives on the topic. Chapters include topics such as the 'Four Pillars of Regulatory Framework', the history and application of the UNCITRAL Model Law on Cross-Border Insolvency, the challenges for financial institutions and the treatment of the insolvency of natural persons. The book also offers a comparative study of Islamic Shari'ah principles with modern bankruptcy regimes, an analysis of bankruptcy in the UAE and an evaluation of the legal infrastructure of the DIFC Courts. The authors explore core questions surrounding bankruptcy law, including its ability to facilitate the turnaround of business, to enable efficient reallocation of capital, to provide coherent rules for entrepreneurs, investors, employees, and creditors, and to provide for both appropriate sanctions and for rehabilitation. ?

This book is the one of the first to address aid effectiveness as a political and comparative economics question. Since the collapse of the Soviet Union and the transition of its republics to market structures and more representative forms of government, the European Commission has recognized the necessity of a closer economic cooperation with Russia, Ukraine and Kazakhstan, the three largest economies of the former Soviet Union. This book suggests that the foreign aid of the European Union provided a set of reform incentives to post-Soviet planners. It created the grounds for the institutional and social transformation of the bureaucracy at both central and regional levels by integrating it into the aid allocation process. In Russia, Ukraine and Kazakhstan, the observed subordination of NGOs to the developmental priorities of the bureaucracy occurred at the expense of diversity and political openness. Nevertheless, this reality led to the emergence of transnational sovereignty partnerships that reduced poverty for the general population and motivated both bureaucrats and entrepreneurs to cooperate. Empirical models alone are not sufficient to delineate all the aspects of principal-agent relationships in post-Soviet bureaucracies. This is why formal modeling and analysis of qualitative data are extremely useful. Evaluation reports indicate the problems and challenges faced by aid bureaucrats and suggest that the weakly institutionalized environments of Ukraine and Central Asia/Kazakhstan are less conducive to aid effectiveness than the heavily bureaucratized environment of Russia. The proposed incentives system for the allocation of foreign aid links EU foreign policy with bureaucratic decision-making and reflects the choice sets of the donor and the recipient. Multilevel definitions of aid effectiveness are provided in the course of the book chapters.

Development cooperation is a comparatively new concept in international relations. The aims of and motives for development cooperation have since changed significantly. Besides pursuing short- and longer-term objectives in their own economic, foreign policy and other interests, donors usually have a recognisable and genuine interest in assisting countries in their processes of development. In the Millennium Development Goals (MDGs), the international community has an acknowledged frame of reference for global objectives, which play a major role not least in development cooperation.

This volume combines economics and ecology in a penetrating examination of the natural resources and environmental issues arising from economic growth, development, and change. The author focuses particular attention on the environmental consequences of economic change and argues that the management and conservation of biological resources is a requirement for sustainable economic growth. By setting traditional economic issues within their wider environmental context and covering issues not ordinarily addressed by economists, Tisdell offers an important new perspective on the problem of resource scarcity. He examines the two conflicting viewpoints on the magnitude of the problem--those who argue that technological progress will make scarcity of natural resources less important and those who argue that economic growth can only be expected to intensify scarcity--suggesting a reasonable course of action that will allow acceptable levels of economic growth while protecting important natural resources. Tisdell's work will be useful both as a supplementary text for courses in development or environmental economics and as recommended reading in biology, environmental studies, and ecology programs.

Following an introduction which covers basic issues in resource scarcity, along with growth and development, the author addresses the major economic, ethical, and ecological issues involved in the conservation of biological resources. He goes on to examine concepts and changing views of sustainable economic growth, production, and development. Subsequent chapters explore such topics as conservation in less developed countries and the economic pressures that hinder conservation efforts, differing views on depletable resources as limits to growth, rural-urban migration and its effects on labor allocation, and foreign assistance to resource-poor developing countries. A case study of wildlife on New Zealand's Otago Peninsula is particularly useful in illustrating the economics of biological conservation. Throughout, Tisdell concentrates on providing a reasoned, balanced assessment of the impact of economic growth and change on the natural environment that will be an important resource for proponents on both sides of the environment versus development debate.

This book demonstrates through country case studies that, contrary to received wisdom, Latin American militaries can contribute productively, but under select conditions, to non-traditional missions of internal security, disaster relief, and social programs. Latin American soldiers are rarely at war, but have been called upon to perform these missions in both lethal and non-lethal ways. Is this beneficial to their societies or should the armed forces be left in the barracks? As inherently conservative institutions, they are at their best, the author demonstrates, when tasked with missions that draw on pre-existing organizational strengths that can be utilized in appropriate and humane ways. They are at a disadvantage when forced to reinvent themselves. Ultimately, it is governments that must choose whether or not to deploy soldiers, and they should do so, based on a pragmatic assessment of the severity and urgency of the problem, the capacity of the military to effectively respond, and the availability of alternative solutions.

Over the past two decades, how has urban agriculture changed in sub-Saharan Africa? Is city farming now better integrated into environmental management and city governance? And, looking ahead, how might urban agriculture address the needs of the low-income households and modernizing cities of Africa? In this book, leading specialists in the fields of urban agriculture and urban environment present a unique collection of case studies that examines the growing role of local food production in urban livelihoods in sub-Saharan Africa. Amongst many issues, the authors probe the changing role of urban agriculture, the risks and benefits of crop-livestock systems, and the opportunities for making locally produced food more easily available and more profitable. Concluding chapters reflect on the policy and governance implications of greater integration of urban natural resources and the built environment, an expanded role for urban agriculture in sub-Saharan Africa and the crucial role of women in urban food systems. "African Urban Harvest" will be of interest to decision-makers, development professionals, researchers, academics, and students and educators in urban planning, development studies, African studies, and environmental studies.

Set against the backdrop of tensions in East Asia, this book analyzes how East Asia's "new middle powers" and emerging powers employ public diplomacy as a key element of their foreign policy strategy and in so doing influence regional power dynamics. The volume brings together contributions from an international and influential group of scholars, who are leading debates on public diplomacy within East Asia. Where the study of public diplomacy has so far focused primarily on the West, the essays in this book highlight the distinct strategies of East Asian powers and demonstrate that understanding public diplomacy requires studying its strategies and practices outside as much as within the Western world. A focus on public diplomacy likewise gives us a more varied picture of state-to-state relations in East Asia.

Budget deficits are features of over 80 percent of the countries in the world. This book analyzes the macroeconomic impacts of these deficits by taking the approach that their stabilization consequences depend largely on their effects on money supply. The book highlights and compares, between the developing and the industrial countries, the characteristics of revenue and expenditure, the various methods of financing budget deficits and their money supply implications, the stabilization consequences of deficit financing, and various issues of monetary control and liberalization of financial markets. Since the evidence on deficits causing inflation is strongest in the developing countries of the Western Hemisphere, the emphasis of the analysis and the recommended solutions and reforms address the developing economies.

The book analyzes the various financial characteristics of developing economies and the features of the revenue and the expenditure sides of budgets to determine the nature and size of deficits. The analysis proceeds by relating budget deficits to their money supply based on various methods of domestic and foreign finance in the industrial and developing worlds. The book then examines the macroeconomic consequences of large increases in money supply and evaluates policies of inflationary finance. The analysis recommends monetary control measures by providing one of the most comprehensive surveys on the relationship between monetary policy instruments and money supply in economic development. The last chapter analyzes methods for liberalizing markets for government securities and examines the experiences of Taiwan and Korea with open-market operations. Ideal as supplemental reading for courses in international money and finance, economic development, and topics in macroeconomics, this book is an important resource for policymakers involved in issues of deficits and monetary policy.

This book assesses Chinese acquisitions in developed countries, evaluates the drivers and opportunities and, above all, explores the major operational challenges. It discusses topics such as cross-cultural issues, integration strategies, risk and resilience, the influence of emerging technologies, servitization, impacts on reshoring, corporate social responsibility, branding strategies, knowledge management, and transfer of best practices. While emerging market multinational corporations' (EMNCs) use of mergers and acquisitions as a strategic vehicle has received considerable attention, much less is known about their post-entry activities, such as the implementation of post-acquisition and integration strategies. It can be expected that, compared with their Western counterparts, EMNCs will face radically different challenges that may undermine the success of their products, brands and marketing. Addressing these issues by means of a case study approach, this book is an ideal teaching resource for a variety of courses at both undergraduate and postgraduate level. It also appeals to academics, researchers, and practitioners with a keen interest in manufacturing industry.

This book sheds light on current issues in sustainable finance through an in-depth analysis and discussion of relevant sustainable products and sustainable initiatives of several financial institutions. This edited collection critically presents and discusses several relevant theoretical issues, case studies of innovative financial products and sustainable institutions, as well as empirically investigates issues related to both financial and social performance. The book focuses on several innovative products across the sustainable finance ecosystem, including social impact bonds, crowdfunding and green bonds. Similarly, the book spotlights the sustainable investment strategies of institutions ranging from family foundations to asset managers.

This is the first English book that presents a professional analysis of the recent dynamic movement of the Chinese economy by focusing on the Yangtze River Delta region, which is the main engine of the Chinese economy. The impact of the international financial crisis on China's economic development requires a change from the first wave of economic globalization oriented toward exports to the second wave of economic globalization characterized by expanding domestic demand. Taking this economic aspect into consideration, the following are proposed in this book: 1) expansion of the level of openness in the process of increasing domestic demand means shifting the industrial focus from manufacturing to the service industry; 2) promotion of the globalization of local services should be based on the globalization of local manufacturing; 3) the Yangtze River Delta region should aim at its own strategic positioning under new, changed circumstances and should achieve modernization in advance with the concept of integrative development; 4) Establishment of a support system is essential meanwhile for this area to develop an innovative economy and to promote the transition from manufacturing to promoting emerging industries, including a modern service industry. The book has an underlying concept, namely, that the key to economic transformation is to start the development of modern services and that only by transforming the development pattern of the service industry can the transition and upgrade of the economy be effectively achieved. For this purpose further urbanization and advancing the transformation from low-tech to high-tech industries by the effective development of industrial clusters is advocated. To ensure that these conclusions are based on a solid analysis, the authors draw heavily upon empirical analyses employing modern econometric methods and make use of economic theories such as endogenous growth theory and spatial economic theory.

This book examines sustainable energy development in China, a non-liberal state, as a counterexample to conventional wisdom that effective policy outcomes are premised on the basis of decentralized governance. The use of sustainable energies as part of the solution for stabilising global warming has been promoted in industrialised countries for the past three decades. In the last ten years, China has expanded its renewable energy capacity with unprecedented speed and breadth. This phenomenon seems to contradict the principle of orthodox environmental governance, in which stakeholder participation is deemed a necessary condition for effective policy outcomes. Based upon policy documents, news report and interviews with 32 policy makers, business leaders, and NGO practitioners in selected subnational governments, this book examines the politics of sustainable energy in China. It engages debates over the relationships among democratic prioritisation, environmental protection, and economic empowerment, arguing that China's quasi-corporatist model in the sustainable energy field challenges Western scholars' dominant assumptions about ecopolitics.