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  • 2010-2014
  • 1995-1999  (38)
  • 1955-1959
  • 1945-1949
  • 1999  (38)
  • Paris : OECD Publishing  (38)
  • Development  (38)
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  • 2010-2014
  • 1995-1999  (38)
  • 1955-1959
  • 1945-1949
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  • 1
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264273337
    Language: French
    Pages: Online-Ressource (104 p.) , ill.
    Series Statement: Examens en matière de coopération pour le développement no.35
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Development Co-operation Reviews; Ireland 1999
    Keywords: Development ; Ireland
    Abstract: L’année 1999 marque le 25ème anniversaire du programme d’aide publique de l’Irlande « Irish Aid ». Ces cinq dernières années, le volume de l’aide publique au développement (APD) de l’Irlande a progressé en moyenne de 20 pour cent par an en termes réels, soit plus rapidement que celui de n'importe quel autre Membre du Comité d’aide au développement (CAD) de l’OCDE. Selon les données préliminaires dont on dispose, l’aide de l’Irlande a atteint 0.30 pour cent du PNB en 1998, ce qui représente près du double de son niveau de 1992, et devrait atteindre 0.35 pour cent en 1999. Après six ans de croissance remarquable en volume et d’amélioration de la qualité de l’aide, l’essentiel de la hausse intervenue en 1999 a été destiné à des mesures d’allégement de la dette, aux contributions à l’Union européenne, à des opérations humanitaires d’urgence et au soutien aux réfugiés en Irlande et non au financement des programmes de développement à long terme administrés par le ministère des Affaires étrangères. Toutefois, la volonté politique qu’a exprimée le ministre des Finances en faveur de l’aide permettra d’assurer une augmentation de l’enveloppe budgétaire consacrée à la partie du programme dont s’occupe le ministère des Affaires étrangères en 2000 et 2001. Le programme d’aide irlandais se heurte à deux difficultés : comment assurer au mieux son expansion et comment gérer au mieux cette expansion ? C’est à l’évidence à l’Irlande qu’il appartient de résoudre ces difficultés, mais le Comité d’aide au développement peut mobiliser son expérience collective pour aider l’Irlande à y réfléchir. Un point de départ, tiré de l’expérience d’autres pays, est que l’Irlande doit conserver et même renforcer le ciblage de son programme, qui est à l’heure actuelle l’un de ses points forts. Les examens en matière de coopération pour le développement prévus pour l’an 2000 porteront sur les Membres suivants du CAD : France, Nouvelle-Zélande, Italie, Suède, Suisse et Portugal.
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  • 2
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264274495
    Language: French
    Pages: Online-Ressource (68 p.) , ill.
    Series Statement: Examens en matière de coopération pour le développement no.27
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Development Co-operation Reviews; Spain 1998
    Keywords: Development ; Spain
    Abstract: Le gouvernement espagnol a entrepris de gros efforts pour consolider le cadre de sa politique de coopération pour le développement et améliorer la qualité et la transparence de son aide. Un projet de loi sur la coopération pour le développement a été soumis au Parlement à l'automne 1997 et de nouveaux systèmes de planification et d'évaluation destinés à faciliter la gestion de l'aide sont en cours de mise en place, dont un plan indicatif pluriannuel et des programmes par pays. Malgré de sérieuses contraintes budgétaires, il est par ailleurs envisagé d'accroître le budget de l'aide. Ces initiatives ont été accueillies favorablement par le Comité d'aide au développement (CAD) de l'OCDE à l'occasion de l'examen de la politique et du programme d'aide de l'Espagne. Le Comité a également pris note du net rééquilibrage de l'effort d'aide espagnol où l'accroissement sensible du programme d'aide sous forme de dons s'est accompagné d'une diminution des crédits d'aide liée du Fonds d'aide au développement (FAD), et il a exprimé le voeu que cette tendance se poursuive. Le CAD a encouragé les autorités espagnoles dans leur effort pour garantir une plus grande cohérence des crédits du FAD avec les objectifs de coopération pour le développement et les orientations générales de l'aide espagnole. Eu égard aux bonnes pratiques en vigueur parmi les donneurs, le Comité s'est déclaré favorable aux mesures visant à rehausser l'efficacité du programme d'aide de l'Espagne et la capacité de ce pays de le mettre en oeuvre, et a invité les autorités espagnoles à réfléchir à un certain nombre d'autres initiatives destinées notamment à : - garantir une application plus rigoureuse des critères de développement pour l'identification et la sélection des projets financés par des crédits du FAD et une meilleure coordination de ces derniers avec le programme de dons, une attention particulière étant accordée à la situation des pays très endettés ; - poursuivre les efforts engagés pour doter l'AECI d'une plus grande autonomie au regard des règles administratives et en matière de recrutement, afin d'en améliorer la souplesse de fonctionnement et le professionnalisme, de sorte qu'elle puisse fonctionner dans le cadre de la loi envisagée ; - réaliser une étude sur la liaison de l'aide afin d'en mieux appréhender les avantages et les inconvénients et d'alimenter le débat sur cette question à l'échelon national ; - continuer d'améliorer les méthodes d'administration des subventions aux ONG. En 1998, les examens de la politique de coopération pour le développement concerneront les pays Membres du CAD suivants : Allemagne, Canada, Communauté européenne, Etats-Unis, Finlande, et Luxembourg.
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  • 3
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264272019
    Language: French
    Pages: Online-Ressource (84 p.) , ill.
    Series Statement: Examens en matière de coopération pour le développement no.31
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Development Co-operation Reviews; Finland 1999
    Keywords: Development ; Finland
    Abstract: La Finlande a maintenant entrepris de restructurer et de renforcer son programme d'aide, qui avait subi de fortes compressions au début des années 90. La Décision de principe adoptée par le Cabinet en septembre 1996 est désormais le principal document servant de référence pour la politique de coopération pour le développement. Elle stipule que le rapport entre l'aide publique au développement émanant de la Finlande et le produit national brut (ou rapport APD/PNB) devra être porté à 0.4 pour cent d'ici l'an 2000. Elle prévoit également l'intégration de la coopération pour le développement à un cadre cohérent en matière de politique étrangère ainsi que la réorganisation de l'administration de l'aide au sein du ministère des Affaires étrangères. Lors de l'examen auquel il a procédé de la politique et du programme de la Finlande en matière de coopération pour le développement, le CAD s'est félicité de l'importance accordée à la notion de partenariat dans la politique finlandaise, telle que définie dans la Décision de principe. Il a aussi salué l'accroissement du volume de l'aide finlandaise, retournement bienvenu de la nette tendance à la baisse qui prévalait au moment du précédent examen en 1995. D'autres questions essentielles ont été abordées lors de cet examen : les relations de partenariat à long terme entre la Finlande et les pays bénéficiant en priorité de son aide, la notion de flexibilité incluse dans la Décision de principe, la nécessité d'établir des orientations précises pour guider les interventions sectorielles et transversales, la gestion des activités sur le terrain et la délégation de pouvoirs aux représentations locales, et enfin la nouvelle procédure d'examen préalable des projets et propositions qui a été intégrée au système de contrôle de la qualité de l'aide finlandaise. Au programme des examens par les pairs réalisés par le CAD figurent, pour 1998, le Canada, l'Espagne, la Communauté européenne, la Finlande, l'Allemagne et le Luxembourg, et pour 1999, le Danemark, le Japon, l'Irlande, la Norvège.
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  • 4
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264273085
    Language: French
    Pages: Online-Ressource (88 p.) , ill.
    Series Statement: Examens en matière de coopération pour le développement no.33
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Development Co-operation Reviews; Denmark 1999
    Keywords: Development ; Denmark
    Abstract: L'aide publique au développement (APD) du Danemark dépasse, en volume, celle des 21 autres Membres du Comité d'aide au développement (CAD) de l'OCDE. Depuis 1992, l'APD danoise se maintient en effet aux alentours de 1 % du produit national brut (PNB), en volume, et ce grâce à la vigueur du consensus que suscite l'aide au développement et du soutien qu'elle recueille dans l'opinion publique. L'effort d'aide danois se distingue également par sa qualité. Abstraction faite de son volume, l'aide danoise s'appuie sur une stratégie à long terme bien définie, dont les grands axes - en particulier la place centrale qui y est faite à la réduction de la pauvreté - sont conformes à la stratégie de partenariat pour le développement approuvée par le CAD en 1996. Le Danemark a réussi à concentrer son aide bilatérale sur 20 pays, dont 18 sont des pays à faible revenu ou comptent parmi les pays les moins avancés. L'aide est en outre ciblée sur des secteurs qui présentent une importance particulière pour les pauvres et sur des programmes destinés aux régions les plus démunies de ces pays, contribuant ainsi à faire refluer la pauvreté. Le Danemark mène, depuis 1996, une politique de « multilatéralisme actif » afin que soit pris en considération son souci d'amélioration du ciblage et de l'efficacité des programmes multilatéraux. Il n'est toutefois pas évident que cette démarche ait vraiment contribué à produire les résultats escomptés, car elle s'apparente encore davantage à de l'unilatéralisme qu'à une entreprise commune. Le Danemark fournit depuis longtemps un bel exemple des avantages qu'on peut retirer de l'intégration du système d'aide aux autres aspects des relations extérieures. Dans le cas de ce pays, cette intégration a contribué à la fois à la cohérence des relations avec les pays en développement et au professionnalisme du programme d'aide, lesquels sont encore renforcés par une décentralisation effective des responsabilités aux ambassades danoises dans les pays du programme. Grâce à cette approche intégrée, les services responsables de l'aide danoise au développement (Danida) ont pu entreprendre, depuis 1994, d'abandonner l'aide-projet au profit d'une aide-programme sectorielle (APS), en synergie avec la stratégie de partenariat préconisée par le CAD. Cette démarche implique un renforcement des activités de coordination, à la fois entre donneurs et avec les pays partenaires, auquel le Danemark est tout à fait favorable. En 1999, la politique de coopération pour le développement des pays du CAD suivants sera examinée : Australie, Autriche, Danemark, Irlande, Japon et Norvège.
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  • 5
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264173576
    Language: English
    Pages: Online-Ressource (112 p.) , ill.
    Series Statement: Development Co-operation Reviews no.34
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Examens en matière de coopération pour le développement ; Japon 1999
    RVK:
    RVK:
    RVK:
    Keywords: Development ; Japan ; Japan ; Entwicklungspolitik ; Entwicklungshilfe
    Abstract: Japan is the leader in volume among DAC donors, but it ranks 19th out of 21 bilateral Members in terms of ODA as a percentage of GNP. Compared to other Members, its aid programme has a higher proportion of loans, with preference towards Asia and lower middle-income countries, and a heavy emphasis on assistance for economic infrastructure as opposed to the social sectors. Japan is making major efforts to improve its aid programme through an administrative reform, piloting the new international development strategy, a country-focused approach, and a push towards increased quality, transparency, and efficiency. The DAC encourages these developments and recommends that Japan should: - strengthen staffing and decentralisation; - enhance NGO involvement; - mainstream cross-cutting issues such as poverty, gender, and governance; - design and evaluate projects with a view towards cost-efficiency, sustainability, technological appropriateness, and socio-economic impact; - and ensure policy dialogue with recipient countries.
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  • 6
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264274235
    Language: French
    Pages: Online-Ressource (92 p.) , ill.
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Trade, Investment and Development; Policy Coherence Matters
    Parallel Title: Parallelausg. Trade, Investment and Development: Policy Coherence Matters
    Keywords: Finance and Investment ; Development ; Trade
    Abstract: Le développement devrait pouvoir progresser plus rapidement que jamais dans la nouvelle économie mondiale. Si l'ouverture des économies en développement aux échanges et à l'investissement est une condition nécessaire pour instaurer une croissance élevée et durable en participant à l’économie mondiale, ce n’est en aucun cas une condition suffisante. Enclencher une dynamique de croissance durable requiert des politiques économiques saines et obéissant aux principes du marché, des politiques sociales d'accompagnement adaptées, ainsi qu'une bonne gestion des affaires publiques. Mais comme l'a démontré la crise financière asiatique, des carences dans ces trois domaines peuvent fragiliser des économies en développement même très performantes. Les pays de l'OCDE ont un rôle central à jouer pour faciliter les efforts que mènent les pays en développement pour tirer parti de tous les avantages de l'ouverture aux échanges et à l'investissement. Le principal objectif de cette étude est de déterminer comment les pays de l'OCDE peuvent promouvoir la cohérence des politiques en : améliorant le cadre dans lequel s'inscrivent les flux internationaux d'investissement et de capitaux ; en prenant en compte les préoccupations environnementales ; et en facilitant la participation des pays en développement à la société mondiale de l'information. Pour être couronnée de succès, il est nécessaire que la cohérence des politiques prenne délibérément en compte les besoins et les intérêts des pays en développement, afin d'en faire des acteurs de l'économie mondial efficaces, plutôt que vulnérables et marginaux. Pour en savoir plus Echanges, investissement et développement : Optimiser les bénéfices de l'ouverture des marchés
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  • 7
    ISBN: 9789264173330
    Language: English
    Pages: Online-Ressource (100 p.) , ill.
    Series Statement: Development Co-operation Reviews no.35
    Parallel Title: Parallelausg. Examens en matière de coopération pour le développement ; Irlande 1999
    Parallel Title: Parallelausg. Examens en matière de coopération pour le développement : Irlande 1999
    Keywords: Development ; Ireland
    Abstract: The OECD Development Assistance Committee's 1999 review of Ireland's development aid programmes. It finds that in 1999, Ireland marks the 25th anniversary of Irish Aid, its official aid programme. Over the last five years, the volume of Ireland’s official development assistance (ODA) has risen by an average of 20 per cent a year in real terms, the most rapid growth by a Member of the OECD’s Development Assistance Committee (DAC). Preliminary data indicate that Ireland’s development co-operation reached 0.30 per cent of GNP in 1998, nearly double its 1992 level, and is projected to reach 0.35 per cent in 1999. After six years of impressive growth in volume and improvement in quality, most of the increase in aid in 1999 is being used for debt relief measures, European Union contributions, emergency humanitarian assistance and support for refugees in Ireland, rather than for allocations for the long-term development programmes administered by the Department of Foreign Affairs. Political commitments on aid allocations undertaken by the Minister of Finance mean that increases in the Department of Foreign Affairs’ part of the programme are now expected in 2000 and 2001. Two main issues confront the Irish Aid programme: how best to grow and how best to manage that growth. These are clearly issues which Ireland needs to consider and resolve itself, but the Development Assistance Committee can draw on its collective experience to contribute to Ireland’s reflections on these issues. A starting point, from experience elsewhere, is that Irish Aid should maintain and enhance the focused nature of the programme which is now one of its major strengths.
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  • 8
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 71 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.155
    Keywords: Development ; India
    Abstract: The paper analyses economic and political causes as well as outcomes of the sudden reversal of Indian economic policies in 1991–93, after four decades of autarky and interventionism. It argues that a changing political landscape and the emergence of new interest groups, coupled with a severe balance–of–payments crisis, left little choice to the governing party but to break with the legacy of a patrimonial state. More competition, at political and economic levels, forced the hand of politicians to remove direct quantitative controls on industrial production, imports and access to capital. These reforms remained, however, partial and did not fundamentally change the politico–economic equation. Systemic opposition to reform remained strong enough to capture or neutralise some of the gains of liberalisation. Thus, the reform movement faltered and eventually ceased ...
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  • 9
    Language: English
    Pages: 55 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.145
    Keywords: Development
    Abstract: We assess the prospects for growth of African economies up to the year 2010 by modelling structural and policy determinants of growth, under different scenarios for changes in the exogenous factors and economic policies which shape the projections. To this end we estimate a growth model for 39 African economies, during seven five-year periods from 1960 through 1995. The model emphasises two engines of growth: i) investment and ii) growth of exports. Using a composite indicator of “emerging economies” iiset up on the basis of the economic performance, quality of policies and political stability of African countries ppwe identify 14 African economies that stand better chances to achieve a lasting improvement in their policies and growth performance in the years ahead. These “emerging economies” can be mostly found in the Southern-Eastern and the Western parts of Africa. Our growth simulations involve two policy scenarios: a baseline scenario which extends policy trends observed ...
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  • 10
    Language: English
    Pages: 48 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.149
    Keywords: Development
    Abstract: A basic feature of development dynamics is the reallocation of labour from low– productivity to higher–productivity activities (generally more capital–intensive and also often more skill–intensive). The expansion of skilled labour supply that accompanies rising per capita incomes is both cause and effect of this shift in skills demand. Over long periods, if skills supply and demand grow apace, skill premia would show little secular change; over shorter periods, however, inevitable lags may show up as growing or shrinking premia. A policy reform like trade liberalisation can accelerate structural change in an economy, causing an exogenous shift in relative factor demands. For some developing countries, the result may be an increase in skills demand associated with the adoption of newly available foreign technology and lower cost imported capital goods. This demand shift may be permanent or only temporary, but in either case the skills supply should eventually increase in response to ...
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  • 11
    Language: English
    Pages: 27 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.146
    Keywords: Development ; Cameroon
    Abstract: This study presents the main developments in the manufacturing industry in Cameroon, based on firm-level data covering the 1980-95 period. The emphasis is on structural factors of competitiveness. A production function and an export function are estimated in order to study the determinants of total factor productivity (TFP) and export performance. The results provide evidence indicating that openness to trade, development of skilled labour and adequate management of the real exchange rate are crucial factors for the enhancement of productivity and exports. Moreover, a mutually reinforcing relationship between productivity and export performance is demonstrated. The performance of the manufacturing sector in Cameroon has deteriorated considerably since the mid-1980s. This decline is to a degree explained by Dutch disease and inward-looking policies in the manufacturing sector, resulting in a highly overvalued real effective exchange rate (REER). Based on the estimated export and ...
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  • 12
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: French
    Pages: 47 p. , 21 x 29.7cm
    Series Statement: Cahiers de politique économique du Centre de Développement de l'OCDE no.16
    Parallel Title: Parallelausg. After the Great Asian Slump: Towards a Coherent Approach to Global Capital Flows
    Keywords: Development
    Abstract: • Le repli massif des capitaux étrangers investis en Asie — plus de 10 pour cent du PIB des pays en crise — les place devant un problème de transfert. Pour favoriser la relance en Asie, les pays créanciers devraient impliquer leurs banques domestiques dans les opérations de sauvetage financier, ce qui réduirait les aléas de moralité dans les activités de prêt du secteur privé. • Pour les pays d’Asie, la priorité est de résoudre le problème du surendettement domestique. Financer le coût budgétaire inhérent à la restructuration exige que les gouvernements des pays asiatiques élargissent la base d’imposition tout en adoptant une politique d’abondance monétaire. • Les pays en développement doivent s’assurer du bon équilibre financier des établissements bancaires et non bancaires et être plus exigeants sur la qualité des capitaux étrangers investis. Toutefois, une réglementation « à la chilienne » ne peut être efficace que dans un contexte politique approprié. • Pour évoluer vers un système financier international moins vulnérable aux crises, il importe d’agir sur les risques excessifs pris par les banques. Les Accords de Bâle induisent des distorsions favorisant les prêts bancaires à court terme qui devraient être corrigées.
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  • 13
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 66 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.153
    Keywords: Development ; China, People’s Republic
    Abstract: China is considered to be a particularly successful example of a gradual approach to transition from a command economy to a market economy. This paper reviews the initial conditions, the calendar of reform steps, and the political preconditions for liberalisation. It argues that gradualism was rather the result of a political balancing act between orthodox and reform–minded elements in the Chinese Communist Party than a deliberate approach towards facilitating transition. Economic liberalisation was considered as an instrument for safeguarding the power of the Party, but opinions differed on the degree of liberalisation needed to achieve this goal. Thus, the pace and the direction of the reform process were very much a function of the composition of the leadership of the Party at any given time ...
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  • 14
    Language: French
    Pages: 38 p. , 21 x 29.7cm
    Series Statement: Cahiers de politique économique du Centre de Développement de l'OCDE no.17
    Parallel Title: Parallelausg. Participatory Governance: The Missing Link for Poverty Reduction
    Keywords: Development
    Abstract: • Renforcer le pouvoir des populations défavorisées est un élément déterminant pour lutter efficacement contre la pauvreté. • Une approche participative reposant sur la demande accroît l'efficience et l'efficacité. • L'obligation de rendre des comptes est le pivot de la gouvernance participative. • Pas de véritable gouvernance participative sans un réel développement des capacités.
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  • 15
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264273504
    Language: English
    Pages: Online-Ressource (84 p.) , ill.
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Échanges, investissement et développement ; Pour la cohérence des politiques
    Parallel Title: Parallelausg. Échanges, investissement et développement : Pour la cohérence des politiques
    RVK:
    Keywords: Finance and Investment ; Development ; Trade ; OECD ; Entwicklungspolitik
    Abstract: The development process can advance more rapidly than ever before in the new global economy. While opening their economies to trade and investment is a necessary condition for developing countries to achieve sustained high growth and reduce poverty, it is by no means a sufficient condition. Initiating a sustainable dynamic growth requires sound, market-oriented economic policies; appropriate social policy frameworks, including strong investment in human capital and adequate social safety-nets; and good governance. But, as shown by the Asian financial crisis, weaknesses in any of these basic foundations make even successful developing economies vulnerable to crisis. OECD countries have a pivotal role to play in facilitating developing countries' efforts to fully exploit the benefits of open trade and investment. The key objective of this report is to identify how OECD countries can promote policy coherence by improving the framework for international investment and capital flows; addressing environmental concerns; facilitating participation of developing countries in the global information society; and enhancing the coherence of development co-operation policies. To be successful, policy coherence implies the broader agenda of consciously taking account of the needs and interests of developing countries in order for them to be effective rather than vulnerable and marginal players in the global economy.
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  • 16
    Language: English
    Pages: 46 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.156
    Keywords: Development ; Chile
    Abstract: What interest do developing countries have in limiting the growth of their greenhouse gas (GHG) emissions? Answering this question is crucial to moving international climate policy negotiations forward. The primary benefits for individual countries of GHG abatement remain highly uncertain and, in any case, long-term in nature. The costs, on the other hand, are near-term. Using an economy-wide model of Chile, this study examines a hitherto neglected set of benefits from climate policy, viz., the reduction in emissions of local and regional air pollutants and the “ancillary” health benefits, in this case for the people of Santiago, the capital city. These benefits are both near-term and readily captured by the country implementing the policy. Extensive sensitivity analysis is performed in recognition of the uncertainty surrounding certain key parameter and exogenous variable values — notably, Santiago residents’ willingness to pay (WTP) for reduced mortality and morbidity risk, and ...
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  • 17
    Language: English
    Pages: 36 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.150
    Keywords: Development
    Abstract: In this study, we analyse extended periods of growth in Africa based on panel estimations from 27 African countries during the 1960-1996 period. Only a dozen of such rapid growth episodes are observable in Africa since 1960, and several of them eventually came to an end. We use all existing information on macroeconomic performance in Africa in a comparative manner, in order to assess the sustainability of current growth episodes. Our main conclusion is that sustainable growth needs to be based on a balanced mix of capital accumulation, macroeconomic adjustment and structural change. In addition to more commonly used determinants of Total Factor Productivity, we construct a measure for the effect of labour reallocation as well as an index of economic diversification and estimate the impact of the latter on long-term growth. We also build an analysis of investment behaviour, which is influenced by Total Factor Productivity gains, while influencing economic growth directly through ...
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  • 18
    Language: French
    Pages: 68 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.144
    Keywords: Development ; European Union ; Tunisia
    Abstract: In the context of the partnership agreement signed between Tunisia and the European Union in 1995, talks will begin in the year 2000 on the liberalisation of their agricultural trade. Tunisia’s political attachment to Europe will give the country the opportunity to diversify agricultural policy. Hitherto based on achieving self sufficiency in food, this policy has resulted in poor resource allocation. The goal now is to find the least costly means of reforming Tunisian agricultural policy, particularly for rural households, while seeking the extent to which Europe could help in the transition towards a more dynamic agricultural sector. With the assistance of a dynamic general equilibrium model, this technical paper examines a number of scenarios for Tunisian agriculture towards 2010. It finds that in the absence of EU concessions, which could take the form of the removal of tariff quotas, it would not be in Tunisia’s interest to reduce support for agriculture and lower its own ...
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  • 19
    Language: English
    Pages: 40 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.147
    Keywords: Development ; China, People’s Republic
    Abstract: During the 1990s, China has experienced a surge in imports of services, particularly those of communication, insurance and other business services, despite the fact that the authorities have maintained a plethora of restrictive measures limiting access to the service sector. Not only does this cast strong doubt over the effectiveness of these measures currently in place but also raises some important political-economy questions regarding the market access issues related to this sector. Following a brief review of the country’s efforts made since 1994 to sustain its openeconomy reforms, the paper takes stock of major policy developments in the service sector and discusses the pros and cons of liberalisation of services. The paper argues that a further liberalisation of services would be imperative for China to develop a more viable and dynamic service sector and stands to gain the full benefits of globalisation. The protective measures imposed for short-term, political ...
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  • 20
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264164079
    Language: English
    Pages: Online-Ressource (132 p.) , ill.
    Series Statement: Development Co-operation Reviews no.30
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Examens en matière de coopération pour le développement ; Communauté Européenne 1998
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    Keywords: Development ; OECD
    Abstract: The European Community (EC) is the world's second largest multilateral channel for development assistance (after the World Bank). Its combined programmes are the fifth-largest among the 22 Members of the OECD Development Assistance Committee (DAC), and EC programmes have grown an average 3.3 per cent annually over the past five years, while the combined effort of DAC countries declined by 4.7 per cent annually. The Community's allocation of resources to lower income countries has not kept pace, however, with the overall growth of the ODA budget over recent years. EC programmes operate within a complex organisation and management structure, and Brussels faces serious challenges of implementation in adapting its operations to achieve agreed development objectives. There have been important steps in the evolution of the European Commission structures: a Common Service has been created to implement co-operation activities for the four Directorates General. But there is still a need to strengthen the capacity of delegations in the field to work fully with partners in advancing local ownership and co-ordination. The EC has a strong role to play in improving the coherence of policies affecting developing countries. The report analyses this question in fields such as agriculture, trade, fisheries agreements and Community fishing fleet subsidies. Co-ordination with other donors also seems to be improving, which bodes well for better overall partnerships between donors and partner countries. In 1998, the development co-operation policy of the following DAC Member countries will be reviewed: Canada, Finland, Germany, Luxembourg, Spain, and the United States.
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  • 21
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264172012
    Language: English
    Pages: Online-Ressource (76 p.) , ill.
    Series Statement: Development Co-operation Reviews no.31
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Examens en matière de coopération pour le développement ; Finlande 1999
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    Keywords: Development ; Finland ; OECD ; Finnland
    Abstract: The OECD Development Assistance Committee's 1999 review of Finlands development aid programmes and policies. It finds that following a steep decline in its development co-operation programme in the early 1990s Finland is engaged in redesigning and building up its aid programme. The Cabinet Decision-in-principle of September 1996 is now the main point of reference for Finnish development co-operation. It includes a firm target of 0.4 per cent by the year 2000 for the ratio of Finland's official development assistance to the gross national product (the ODA/GNP ratio), the integration of development co-operation into a coherent foreign policy framework and the reorganisation of the aid administration within the Ministry for Foreign Affairs. At the DAC review of Finland's aid policies and programmes on 16 October 1998 the Committee commended both the partnership orientation of Finland's policies, as set out in the Decision-in-principle, and the growing volume of Finnish aid, a welcome reversal of the situation at the time of the last DAC Peer Review of Finland in 1995, when aid volume was in a deep decline. This Review addresses several other key issues: Finland's long-term partnerships with primary orientation countries; the flexibility concept, included in the Decision-in-principle; the need for clear sectoral and cross-cutting policy guidance; field management and delegation to the field; and the revised screening process for project and policy proposals that is part of the quality control system of Finnish aid.
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  • 22
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264172050
    Language: English
    Pages: Online-Ressource (60 p.) , ill.
    Series Statement: Development Co-operation Reviews no.32
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Examens en matière de coopération pour le développement ; Luxembourg 1999
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    Keywords: Development ; Luxembourg ; OECD ; Luxemburg
    Abstract: The OECD Development Assistance Committee's 1999 review of Luxembourg's development aid programmes and policies. It finds that Luxembourg's aid programme has made considerable headway since the first review by the OECD Development Assistance Committee (DAC) in 1993. The government has implemented most of the DAC's recommendations following that review. Measures taken by the government include: a new law defining the aims of co-operation; selection of target countries; an increase in the number of staff assigned to the aid programme; an agreement governing relations between the Ministry of Foreign Affairs, Foreign Trade and Co-operation (MFA) and Lux-Development, the executive agency. Over the last five years the volume of Luxembourg's official development assistance (ODA) has risen by an average of 15 per cent a year in real terms. Luxembourg's development aid reached 0.55 per cent of its gross national product (GNP) in 1997. This advance has been made possible by the unanimous support of political parties and public opinion. The non-governmental organisations occupy a special place in the aid programme since a quarter of bilateral aid is channelled through them. Luxembourg delivers its aid entirely in grant form, and largely untied. The sharp rise in the volume of aid makes it important to control and improve the quality of projects and programmes by means of more stringent selection procedures, closer monitoring of projects and systematic [ex-ante] and [ex-post] evaluations. To that end it is crucial to reduce the number of recipient countries, to strengthen further human resources for the aid programme and to extend training for co-operation staff.
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  • 23
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264264076
    Language: French
    Pages: Online-Ressource (144 p.) , ill.
    Series Statement: Examens en matière de coopération pour le développement no.30
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Development Co-operation Reviews; European Community 1998
    Keywords: Development
    Abstract: La Communauté européenne (CE) est le deuxième donneur multilatéral d'aide au développement (après la Banque mondiale). Elle se classe au cinquième rang des 22 Membres du Comité d'aide au développement (CAD) de l'OCDE par l'ensemble de ses programmes, qui ont connu une croissance moyenne de 3.3 pour cent par an au cours des cinq dernières années, tandis que l'effort global des Membres du CAD accusait un recul de 4.7 pour cent par an. Les ressources allouées par la Communauté aux pays à faible revenu n'ont cependant pas progressé au même rythme, ces dernières années, que le budget d'APD dans son ensemble. Les programmes de la CE sont régis par une organisation et des structures de gestion complexes, et la Commission est confrontée, en matière de mise en oeuvre, à un réel défi pour adapter son mode de fonctionnement à la poursuite des objectifs convenus dans le domaine du développement. D'importants remaniements ont été opérés dans la structure de la Commission européenne, notamment avec la création d'un Service commun chargé de la mise en oeuvre des activités de coopération pour le développement arrêtées par les quatre directions générales. Il reste cependant nécessaire de renforcer la capacité des délégations sur le terrain à travailler de concert avec les partenaires afin que ceux-ci fassent leurs les politiques mises en place et que la coordination soit optimale. La CE a un rôle décisif à jouer dans l'élaboration de politiques de développement plus cohérentes. C'est ce que souligne ce rapport à travers l'analyse de domaines comme l'agriculture, les accords de pêche et les subventions à la flotte de pêche de la Communauté. La coordination avec les autres donneurs semble quant à elle sur la bonne voie, ce qui est de bon augure pour l'avenir du partenariat entre donneurs et pays bénéficiaires. Les examens du CAD en matière de coopération pour le développement prévus en 1998 concernent, outre la Communauté européenne, les Membres du CAD suivants : l'Allemagne, le Canada, l'Espagne, les Etats-Unis, la Finlande et le Luxembourg.
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  • 24
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264273573
    Language: French
    Pages: Online-Ressource (128 p.) , ill.
    Series Statement: Examens en matière de coopération pour le développement no.34
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Development Co-operation Reviews; Japan 1999
    Keywords: Development ; Japan
    Abstract: Le Japon est le donneur le plus généreux du CAD, en volume, mais ne se classe qu’à la 19ème place parmi les 21 Membres du comité par son rapport APD/PNB. Comparativement à celui des autres Membres, son programme d’aide fait une large place aux prêts, privilégie l’Asie et les pays à revenu intermédiaire et accorde une grande importance aux infrastructures économiques par rapport aux secteurs sociaux. Le Japon s’applique résolument à améliorer son programme d’aide ; à cet effet, il a engagé une réforme administrative, entrepris d’expérimenter la nouvelle stratégie internationale en matière de développement, adopté une approche ciblée par pays et pris des mesures visant à rehausser la qualité, la transparence et l’efficience de son aide. Le CAD se félicite de cette évolution tout en recommandant au Japon de s’employer également à : - renforcer les effectifs affectés au programme d’aide et décentraliser l’administration de ce dernier ; - associer davantage les ONG à l’action engagée ; - se préoccuper plus systématiquement des problèmes transversaux tels que la lutte contre la pauvreté, l’égalité homme-femme et la bonne gestion des affaires publiques ; - tenir compte dans la conception et l’évaluation des projets des questions d’efficacité par rapport au coût, de viabilité et d’adéquation technologique ainsi que des retombées socio-économiques ; - resserrer le dialogue avec les pays bénéficiaires. Des examens en matière de coopération pour le développement sont prévus pour l’an 2000 pour les Membres suivants du CAD : France, Nouvelle-Zélande, Italie, Suède, Suisse et Portugal.
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  • 25
    ISBN: 9789264273306
    Language: French
    Pages: Online-Ressource (60 p)
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Trade, Investment and Development; Reaping the Full Benefits of Open Markets
    Parallel Title: Parallelausg. Trade, Investment and Development: Reaping the Full Benefits of Open Markets
    Keywords: Finance and Investment ; Development ; Trade
    Abstract: Les économies en développement et en transition s'efforcent d'accélérer leur développement en libéralisant leurs échanges et leurs investissements, et en saisissant les opportunités offertes par l'économie mondiale. A la suite des crises financières récentes, la crainte a cependant été exprimée que certains pays se détournent de la libéralisation des échanges et de l'investissement. En fait, la plupart des pays touchés par la crise continuent de libéraliser échanges et leurs investissements, en quoi ils voient une solution, et non une cause de la crise. Cette étude examine les avantages et les enjeux de la libéralisation des échanges et de l'investissement pour le développement, en s'appuyant sur les expériences menées par des économies de différentes régions du monde. L'expérience montre que l'ouverture des marchés et de l'investissement a été bénéfique lorsqu'elle s'est accompagnée d'un ensemble cohérent de mesures macroéconomiques et structurelles conçues pour stimuler la croissance, d'un renforcement des capacités, d'une politique sociale appropriée, et d'une bonne gestion des affaires publiques. Qui plus est, des pays comme la Corée ou le Mexique, qui ont opposé à la crise économique la libéralisation et les réformes structurelles, en ont tiré des résultats positifs. Un nouveau cycle de négociations commerciales multilatérales est donc d'un intérêt vital pour tous les pays -- développés, en développement ou en transition -- pour préparer l'économie mondiale du XXIe siècle. Pour en savoir plus Echanges, investissement et développement : Pour la cohérence des politiques
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  • 26
    ISBN: 9789264174290
    Language: English
    Pages: Online-Ressource (64 p.) , ill.
    Series Statement: Development Co-operation Reviews no.27
    Parallel Title: Parallelausg. Examens en matière de coopération pour le développement ; Espagne 1998
    Parallel Title: Parallelausg. Examens en matière de coopération pour le développement : Espagne 1998
    Keywords: Development ; Spain
    Abstract: The Development Assistance Committee's 1998 review of Spain's development aid programmes and policies. It finds that The Spanish Government is making significant efforts to consolidate the political framework for development co-operation and improve the quality and transparency of its aid. A draft law on development co-operation was submitted to Parliament in the autumn of 1997 and new planning and evaluation systems for aid management are being introduced, including a multi-year indicative plan and country programmes. Despite severe budgetary constraints, an increase in the aid budget is also envisaged. These initiatives were well received by the OECD's Development Assistance Committee (DAC) during the review of Spain's aid policies and programmes. The Committee also took note of the major improvement in the balance of the Spanish aid effort with a significant increase in the grant aid programme, accompanied by a decline in the tied Development Aid Fund (FAD) loan component, and expressed the hope that this trend would continue. The DAC encouraged the Spanish authorities to pursue their efforts to ensure greater consistency of the FAD loans with the overall development objectives and policy directions for Spanish aid. In relation to general good practice among donors, the Committee indicated its support for the measures to enhance the effectiveness of the Spanish aid programme and its capacity to implement and suggested that the Spanish authorities consider a number of further initiatives
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  • 27
    ISBN: 9789264072619
    Language: Multiple languages
    Pages: Online-Ressource (100 p.) , ill.
    Keywords: Development
    Abstract: This report provides detailed information on individual commitments, i.e. intended disbursements, of Official Development Assistance (ODA) to African countries for the years 1997 and 1998. This Special Africa Edition of the Gazette records the commitments which have been reported by Member countries of the OECD Development Assistance Committee and by multilateral organisations, and which have been entered into the Creditor Reporting System (CRS) database up until now (September 1998).
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  • 28
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 96 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.151
    Keywords: Development
    Abstract: This Technical Paper reports on a body of research conducted for the OECD Development Centre by Donald J. Robbins. It examines the patterns and determinants of rapidly rising educational attainment in six Latin American countries — Argentina, Chile, Colombia, Costa Rica, Mexico and Uruguay — all of which illustrate the sweeping transformations in growth, demographics and education now occurring in much of the world. It finds that rising per capita output, through a mechanism which induces women to join the labour force and interacts with falling family size, acts as the key factor leading to mounting educational achievement. This in fact highlights the role of women in basic household microeconomic decisions with powerful economic and social effects — decisions about female labour-force participation and family shifts from notions of “quantity” (large families) to those of “quality” (fewer children, with more investment in health and education). It carries important implications ...
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  • 29
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 21 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.148
    Keywords: Development
    Abstract: The 1990s have witnessed pronounced boom-bust cycles in emerging-markets lending, culminating in the Asian financial and currency crisis of 1997-98. By examining the links between sovereign credit ratings and dollar bond yield spreads over 1989-97, this paper aims at broad empirical content for judging whether the three leading rating agencies — Moody’s, Standard ' Poor’s and Fitch IBCA — can intensify or attenuate boom-bust cycles in emerging-market lending. First, an event study exploring the market response for 30 trading days before and after rating announcements finds a significant impact of imminent upgrades and implemented downgrades for a combination of ratings by the three leading agencies, despite strong anticipation of rating events. Second, a Granger causality test, by correcting for joint determinants of ratings and yield spreads, finds that changes in sovereign ratings are mutually interdependent with changes in bond yields. These findings are based on many more ...
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  • 30
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264173309
    Language: English
    Pages: Online-Ressource (52 p)
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Échanges, investissement et développement ; Optimiser les bénéfices de l'ouverture des marchés
    Parallel Title: Parallelausg. Échanges, investissement et développement : Optimiser les bénéfices de l'ouverture des marchés
    RVK:
    Keywords: Finance and Investment ; Development ; Trade ; Freihandel ; Globalisierung ; Entwicklung
    Abstract: Developing and transition economies are seeking to accelerate their development by liberalising trade and investment, and taking advantage of the opportunities of the global market place. However, in the wake of recent financial crises, concerns have been expressed that some countries might turn away from open trade and investment. In fact, most crisis-affected countries are continuing to liberalise trade and investment, which they see as part of the solution to the crisis, not the cause. This report reviews evidence of the benefits and challenges of trade and investment for development, drawing on experiences from economies in various parts of the world. Experience shows that open trade and investment have been beneficial for development, when accompanied by a coherent set of growth-oriented macroeconomic and structural policies, capacity-building, social policy and good governance. Further, countries like Korea and Mexico that have responded to economic crisis with liberalisation and structural reform have experienced positive results. All countries -- developed, developing and transition -- have a vital stake in a new Round of multilateral trade negotiations to prepare for the global economy of 21st century.
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  • 31
    ISBN: 9789264173088
    Language: English
    Pages: Online-Ressource (80 p.) , ill.
    Series Statement: Development Co-operation Reviews no.33
    Parallel Title: Parallelausg. Examens en matière de coopération pour le développement ; Danemark 1999
    Parallel Title: Parallelausg. Examens en matière de coopération pour le développement : Danemark 1999
    Keywords: Development ; Denmark
    Abstract: The OECD Development Assistance Committee's 1999 review of Denmark's development aid programmes and policies. It finds that Denmark is the top performer among the 22 Members of the OECD Development Assistance Committee (DAC) in terms of the volume of its official development assistance (ODA). Denmark’s ODA volume has been maintained at around 1% of gross national product (GNP) since 1992, thanks to a strong consensus and public support for development aid. The quality of Denmark’s aid effort is also most impressive. In particular this high volume of aid is supported by a strong long-range strategy, whose directions - and especially the central emphasis on poverty reduction - are in harmony with the Development Partnership Strategy agreed by the DAC in 1996. Denmark has succeeded in concentrating its bilateral assistance on 20 countries, 18 of which are low-income or least developed countries. Aid is concentrated on sectors of particular relevance to the poor and on programmes in the poorest areas of these countries, thus working towards the goal of poverty reduction. Since 1996, Denmark has pursued a policy of "active multilateralism" to promote its concerns for increased focus and efficiency in multilateral aid programmes. However, there is no clear evidence that this policy has greatly advanced the intended results, as it still reflects a largely unilateral approach more than a joint endeavour. Denmark is a long-standing positive example of the integration of the aid system with other aspects of foreign relations. This approach combines policy coherence in Denmark’s relations with developing countries and professionalism in the aid programme, enhanced by an effective decentralisation of responsibility to embassies in programme countries. This integrated approach has helped Danish development assistance (Danida) to pioneer since 1994 a shift in aid implementation from project support to Sector Programme Support (SPS), an approach which should be mutually reinforcing with the DAC’s Partnership Strategy. It implies also a stepping up in co-ordination activities, both between donors and with partner countries, which Denmark has fully backed.
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  • 32
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 31 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Policy Briefs no.17
    Parallel Title: Parallelausg. Gouvernance participative : Le chaînon manquant dans la lutte contre la pauvreté
    Keywords: Development
    Abstract: • Empowerment of the poor is one ingredient in effective poverty reduction. • A demand-driven participatory approach enhances effectiveness and efficiency. • Accountability is the central lever for participatory governance. • Capacity building is necessary for making participatory governance a reality.
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  • 33
    Language: English
    Pages: 42 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.154
    Keywords: Development
    Abstract: This Technical Paper analyses the main policy issues raised by regulatory reform in air transport in sub–Saharan Africa. Its basic premise is that improving air infrastructure is of paramount importance for the region as it tries to integrate more thoroughly into the world economy. On the basis of the experience of OECD countries with privatisation, liberalisation, and regulatory design, the author analyses progress being made in sub– Saharan Africa and identifies three important case studies: the restructuring of the regional airline of Francophone Western Africa, the sell–off of the state–owned airline of Kenya, and the overall reform process in South Africa, by far the largest market in the sub–continent. The analysis highlights the importance of regional dynamics in the upgrading of the air transport industry in developing and emerging areas. Sub–Saharan Africa has made smaller progress in this respect than, for instance, Central America. As the start of the Millenium Round and ...
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  • 34
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: French
    Pages: 37 p. , 21 x 29.7cm
    Series Statement: Cahiers de politique économique du Centre de Développement de l'OCDE no.15
    Parallel Title: Parallelausg. Pension Reform: Lessons from Latin America
    Keywords: Development
    Abstract: • Les réformes des régimes de retraite en Amérique latine ont eu des effets bénéfiques, cependant surestimés. • Tous les pays, Membres ou non Membres de l'OCDE, peuvent tirer profit des approches et des premiers résultats des réformes de « deuxième génération ». • Une capitalisation partielle est réalisable. Elle peut être financée de diverses manières et permettre de mieux diversifier les risques. • Des coûts administratifs élevés et l'uniformité des placements rendent les nouveaux systèmes improductifs. Une réglementation appropriée des régimes de retraite limiterait ces effets négatifs.
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  • 35
    ISBN: 9789264073890
    Language: Multiple languages
    Pages: Online-Ressource (116 p.) , ill.
    Keywords: Development
    Abstract: Aid Activities in South-East Europe provides detailed information on individual commitments of Official Development Assistance (ODA) and Official Aid in the Balkan region for the years 1990-1998. This special edition includes the commitments reported by Members of the OECD's Development Assistance Committee (DAC) as well as statistical tables which provide a more comprehensive picture. Data presented are unique, comparable and consistent with DAC statistics' definitions and methodologies. This publication contributes to the European Commission's and World Bank's joint effort to provide information on aid activities undertaken by OECD/DAC donors in South-East Europe. The information is designed for development agencies and institutions involved in country/sector programming and analysis. For each country, transactions are ordered by commitment year and sector, and for each sector, by donor.
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  • 36
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 35 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Policy Briefs no.15
    Parallel Title: Parallelausg. La réforme des fonds de pension : Leçons d'Amérique Latine
    Keywords: Development
    Abstract: • There are benefits from Latin American pension reform, but they have been overestimated. • The approaches taken in second-generation reforms and their still early results hold lessons for OECD and non-OECD countries alike. • A partial shift to funding is feasible and can be financed in different ways; partial funding of pensions can lead to greater risk diversification. • High administrative costs and uniformity of investment portfolios make the new systems inefficient; pension regulation has to be designed and implemented to lessen these negative effects.
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  • 37
    Language: English
    Pages: 57 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.152
    Keywords: Development ; Viet Nam
    Abstract: Reform in Viet Nam is a protracted process. Beginning in 1979, it experienced both advances and reversals until 1986, a sudden acceleration in 1989-91, then gradualism hampered by a deepening entrenchment of interests in positions both for and against further liberalisation. A stop-go cycle has developed in which the new incentives and opportunities resulting from reform are sufficient to block broad reversion to earlier phases, but comprehensive advances would seem to depend on the occurrence of deeply unfavourable shocks. When crisis has seriously undermined performance, leaders have embraced reform to shore up legitimacy, while in good times they have tended to disagree over the long-term risks of reform and how to deal with those risks ...
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  • 38
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 40 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Policy Briefs no.16
    Parallel Title: Parallelausg. Au lendemain de la crise asiatique : Comment gérer les flux de capitaux ?
    Keywords: Development
    Abstract: • The unprecedented withdrawal of foreign private capital from Asia, more than 10 per cent of GDP in the crisis countries, confronts them with a transfer problem. Creditor governments should induce their home banks into financial rescue operations to reduce moral hazard in private-sector lending, and to encourage Asia’s recovery. • The resolution of Asia’s domestic debt overhang must be the overriding policy concern for Asia’s governments; paying the inevitable fiscal cost in Asia’s restructuring process requires tax-base broadening, supported by easy monetary policy. • Progress towards a less crisis-prone international financial system will hinge on how to correct the excessive risk taking by banks. Regulatory distortions through the Basle Accord which bias bank lending towards the short term should be corrected. • Developing countries should strengthen bank and non-bank balance sheets and raise the quality of inflows; Chile-type regulatory measures, however, will only be effective in an appropriate policy context.
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