It is widely accepted that natural resource wealth, especially in the form of oil and minerals, can be a key factor in inhibiting economic development. Many of the countries that are richest in natural resources - including oil, metals and diamonds - are amongst the world's poorest. Why? Fiscal Policy and the Natural Resources Curse re-examines this ancient, unsolved puzzle, asking why many governments of natural resource-intensive countries are incapable, in a globalised world, of dealing with the natural-resource curse. This book offers a detailed analysis of the power-relationships which underpin the natural resource curse, using both statistical analysis and country case studies from Africa and Latin America to pinpoint the strategies that have enable developing countries to break out of the poverty trap. The book differs from other works on this subject, as it not only identifies the issues at stake but also offers solutions in the form of a series of suggested policy measures. The work focusses in particular on fiscal escape routes, namely measures to develop and diversify the tax system, and to reallocate and target public expenditure. This volume will be of great interest to scholars of economic development, the economics of natural resources and economic growth as well as all those with an interest in development, global politics and anti-poverty policies.

Over the past decade there has been a worrying increase in poverty in the industrialised countries of the "North," while many of the developing countries of the "South" have experienced some improvement. This collection argues that there are a number of likenesses between the predicaments of North and South, and that these warrant further investigation and analysis.

The persistence of poverty hurts us all, and attacking poverty is a major policy objective everywhere. In Britain, the main political parties have an anti-poverty mandate and in particular an agreed commitment to eliminate child poverty by 2020, but there is controversy over how this should be done. This book addresses one of the main causes of poverty, financial exclusion the inability to access finance from the high-street banks. People on low or irregular incomes typically have to resort to loan sharks, doorstep lenders and other informal credit sources, a predicament which makes escape from the poverty trap doubly difficult.

Over the last fifteen years, a strategy of breaking down the poverty trap has been implemented, known in the UK as community development financial institutions (CDFIs), typically non-profit lending institutions focussed on the financially excluded, and seeking to learn from the achievements of microfinance around the world. Focussing on the period 2007-09, during which the UK went into a global recession, this book investigates how CDFIs work and how well they have helped low-income people and businesses to weather that recession. Based on a study of eight CDFIs in four UK cities, we ask: what ideas for overcoming financial exclusion have worked well, and which have worked badly? What can we learn from the experience of these CDFIs which can help reduce poverty in this country and globally?

We assess the impact of CDFIs using a range of indicators (including income, assets, education, health) and ask what changes in policy by both CDFIs and government agencies (for example, benefits agencies) might be able to increase impact. Some of the key lessons are: CDFIs need to work with appropriate partners to build up savings capacity in their clients; the community environment is vital in determining who escapes from the poverty trap; and CDFIs can never function properly unless they learn how to control their overdue debts.

This book will be vital reading for those concerned with social policy, microfinance and anti-poverty policies in industrialised countries and around the world."

The persistence of poverty hurts us all, and attacking poverty is a major policy objective everywhere. In Britain, the main political parties have an anti-poverty mandate and in particular an agreed commitment to eliminate child poverty by 2020, but there is controversy over how this should be done. This book addresses one of the main causes of poverty, financial exclusion - the inability to access finance from the high-street banks. People on low or irregular incomes typically have to resort to loan sharks, 'doorstep lenders' and other informal credit sources, a predicament which makes escape from the poverty trap doubly difficult. Over the last fifteen years, a strategy of breaking down the poverty trap has been implemented, known in the UK as community development financial institutions (CDFIs), typically non-profit lending institutions focussed on the financially excluded, and seeking to learn from the achievements of microfinance around the world. Focussing on the period 2007-09, during which the UK went into a global recession, this book investigates how CDFIs work and how well they have helped low-income people and businesses to weather that recession. Based on a study of eight CDFIs in four UK cities, we ask: what ideas for overcoming financial exclusion have worked well, and which have worked badly? What can we learn from the experience of these CDFIs which can help reduce poverty in this country and globally? We assess the impact of CDFIs using a range of indicators (including income, assets, education, health) and ask what changes in policy by both CDFIs and government agencies (for example, benefits agencies) might be able to increase impact. Some of the key lessons are: CDFIs need to work with appropriate partners to build up savings capacity in their clients; the community environment is vital in determining who escapes from the poverty trap; and CDFIs can never function properly unless they learn how to control their overdue debts. This book will be vital reading for those concerned with social policy, microfinance and anti-poverty policies in industrialised countries and around the world.

Accumulation of assets to enable the diversification of activities has been established as crucial in helping the rural poor escape poverty. The empowerment of women has been identified as a way to overcome inefficiencies in the allocation of resources within the family and so improve agrarian households' productivity. However, achieving diversification is not necessarily empowering for women and some initiatives may worsen their position. This book uses the information collected in original household surveys conducted in rural areas in four countries to investigate the links between women's position in the household, diversification strategies, labour market participation and poverty reduction. The book centres on country-specific chapters that provide an in-depth focus on an issue of relevance to the location and that tease out the interplay between female empowerment and development in that context. In particular, the chapters examine: Landlessness in Ethiopia Feminization of the agricultural labour market in Andhra Pradesh, India Female labour supply and women's power within the household in Uganda Disadvantages faced by female-headed households in Zimbabwe The analysis calls for caution in assuming that labour market expansion necessarily acts to empower women and emphasizes the role female access to assets can have in facilitating diversification and escaping poverty. It will appeal to all those studying development economics, with particular interest in areas such as diversification, poverty and female empowerment.

Accumulation of assets to enable the diversification of activities has been established as crucial in helping the rural poor escape poverty. The empowerment of women has been identified as a way to overcome inefficiencies in the allocation of resources within the family and so improve agrarian households' productivity. However, achieving diversification is not necessarily empowering for women and some initiatives may worsen their position.

This book uses the information collected in original household surveys conducted in rural areas in four countries to investigate the links between women's position in the household, diversification strategies, labour market participation and poverty reduction. The book centres on country-specific chapters that provide an in-depth focus on an issue of relevance to the location and that tease out the interplay between female empowerment and development in that context. In particular, the chapters examine:

• Landlessness in Ethiopia
• Feminization of the agricultural labour market in Andhra Pradesh, India
• Female labour supply and women's power within the household in Uganda
• Disadvantages faced by female-headed households in Zimbabwe

The analysis calls for caution in assuming that labour market expansion necessarily acts to empower women and emphasizes the role female access to assets can have in facilitating diversification and escaping poverty. It will appeal to all those studying development economics, with particular interest in areas such as diversification, poverty and female empowerment.

It is widely accepted that natural resource wealth, especially in the form of oil and minerals, can be a key factor in inhibiting economic development. Many of the countries that are richest in natural resources - including oil, metals and diamonds - are amongst the world's poorest. Why? Fiscal Policy and the Natural Resources Curse re-examines this ancient, unsolved puzzle, asking why many governments of natural resource-intensive countries are incapable, in a globalised world, of dealing with the natural-resource curse. This book offers a detailed analysis of the power-relationships which underpin the natural resource curse, using both statistical analysis and country case studies from Africa and Latin America to pinpoint the strategies that have enable developing countries to break out of the poverty trap. The book differs from other works on this subject, as it not only identifies the issues at stake but also offers solutions in the form of a series of suggested policy measures. The work focusses in particular on fiscal escape routes, namely measures to develop and diversify the tax system, and to reallocate and target public expenditure. This volume will be of great interest to scholars of economic development, the economics of natural resources and economic growth as well as all those with an interest in development, global politics and anti-poverty policies.

Over the last decade, the theory that poverty in the world's poorest regions could be alleviated by providing small loans to micro-entrepreneurs has become increasingly popular. This volume examines the effectiveness of this theory when put into practice. The book presents empirical evidence drawn from comparative experiences in seven developing countries and produces some startling conclusions. This work should be essential reading for all those interested in development, poverty-reduction, social welfare and finance. Volume One provides a detailed analysis of this theory and offers policy recommendations for practitioners in the field.

In two volumes these books review and expand the theory that poverty in the world's poorest regions could be alleviated by providing small loans to micro-entrepreneurs. Volume 1 provides detailed analysis of this theory and offers policy recommendations for practitioners in this field. Volume 2 presents empirical evidence drawn from comparative experiences in seven developing countries. The work assesses the success of this policy and provides some startling conclusions. This is essential reading for all those interested in development, poverty-reduction, social welfare and finance.

eBook available with sample pages: HB:0415095441

Over the last decade, the theory that poverty in the world's poorest regions could be alleviated by providing small loans to micro-entrepreneurs has become increasingly popular. This volume examines the effectiveness of this theory when put into practice. The book presents empirical evidence drawn from comparative experiences in seven developing countries and produces some startling conclusions. This work should be essential reading for all those interested in development, poverty-reduction, social welfare and finance. Volume One provides a detailed analysis of this theory and offers policy recommendations for practitioners in the field.

When the major aid organizations made flows of aid conditional on changes in policy, they prompted an extensive debate in development circles. Aid and Power has made one of the most significant and influential contributions to that debate. This edition has been revised to take account of changes within the World Bank itself and the extension of policy based lending to the formerly socialist economies of east and central Europe.

When the major aid organizations made flows of aid conditional on changes in policy, they prompted an extensive debate in development circles. Aid and Power has made one of the most significant and influential contributions to that debate. This edition has been revised to take account of changes within the World Bank itself and the extension of policy based lending to the formerly socialist economies of east and central Europe.

The economic history of developing countries, particularly the former colonies, has become polarized between two ideologies. The apologists for colonialism have emphasized the stimulus given to the indigenous economy by the introduction of foreign capital; the 'underdevelopment theorists' have turned this interpretation on its head and represented the relationship as being, particularly in 'settler colonies' such as Kenya and Zimbabwe, one not of stimulus but of rape and plunder. In this study, Dr Mosley considers the economies of colonial Kenya and Southern Rhodesia and argues, in the light of recently assembled statistical data, that the truth is more complex than either of these simple interpretations allows. At the level of policy, most white producers acknowledged that they could not afford to let 'white mate black in a very few moves': they needed his cheap labour, cattle and maize too much to wish to damage seriously the peasant economy that sustained them.

Over the past decade there has been a worrying increase in poverty in the industrialised countries of the "North", while many of the developing countries of the "South" have experienced some improvement. This collection argues that there are a number of likenesses between the predicaments of North and South, and that these warrant further investigation and analysis.

As an instrument of international economic policy, conditionality is on the increase. During the last decade the World Bank, the bilateral aid agencies and more recently the European Bank for Reconstruction and Development have made extensive use of conditionality as an instrument for making their finance more effective. At the same time, the scope of conditionality has widened to take in political and environmental considerations as well as the traditional concerns of economic policy. However, the effectiveness of such conditionality, either in changing policies or in improving the state of recipient economies, has seldom been examined. This book brings together theoretical and empirical analyses of conditionality and its side-effects by major donors, countributors from recipient countries and independent observers of the international finance scene. These analyses show that donors must pursue alternative objectives to the enforcement of conditionality, such as quick disbursement, and that the bargaining power of recipients has increased. While accepting the need for adjustment in developing countries, therefore the contributors are generally sceptical concerning the degree of suc

Economic aid to developing countries is an important -- and often controversial -- part of foreign policy for many Western nations. But how effective is such aid in achieving the objectives of the giver and the recipient? In this important study, Paul Mosley offers a challenging reassessment of the role of economic aid for nations on both sides of the equation.Mosley examines in detail the foreign aid programs of the leading Western powers with particular regard to the role of aid in international politics, and then examines the effectiveness of aid as a subsidy to exports, as an instrument of development, and as a means of redistributing income and bargaining power to the very poor.Mosley also incorporates overseas aid into the general economic theory of public expenditure. He examines the various protagonists on the supply side of the market for aid expenditures and in particular those on the demand side. Supporting this analysis of ways in which the aid market adjusts over time are extensive data from the OECD countries for the past thirty years.With its searching assessment of the effectiveness of foreign aid as an instrument of dogmatic and economic policy, Mosley's new book will be essential reading for all students in the field of international relations.

Globally, there is a commitment to eliminate poverty; and yet the politics that have caused anti-poverty policies to succeed in some countries and to fail in others have been little studied. The Politics of Poverty Reduction focuses on these political processes. Analysis is based partly on global comparisons and partly on case-studies of nine countries that span the developing world. Where governments are politically weak, they need to make alliances with other groups to stay in power, and where these have been with low-income groups, the result may be a lasting and effective pro-poor strategy. Often pro-poor policies have been brought in not with progressive intentions, but out of fear that the state will fall apart unless pro-poor elements are incorporated into government, and the most effective regimes in reducing poverty have seldom been the kindest and most benevolent. Ability to provide the poor with access to key markets, in particular labour and capital, is crucial, and this in turn requires fiscal strength. Two crucial elements in the story are the ability to frame labour-intensive policies (given that labour is often the only thing that poor people are able to sell) and the design of effective tax and expenditure policies. Aid donors can make a key contribution, partly through reinforcing recipients' fiscal capacity, but much more through providing technical support of the right kind.