Political Financing In Developing Countries
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Political Financing In Developing Countries
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Author : Joseph Luna
language : en
Publisher: Routledge
Release Date : 2019-10-30
Political Financing In Developing Countries written by Joseph Luna and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-10-30 with Political Science categories.
This book argues that to fully grasp the decision-making of politicians and political actors in developing countries, we must first understand how politicians finance their campaigns for office—and to whom they are indebted and expected to repay. Political Financing in Developing Countries focuses on Ghana in depth, a country often held up as an example of a successful, two-party democracy with regular party changes in government. However, it is unlikely that candidates and political parties are wealthy enough to finance the increasing costs of campaigns and constituent demands, and successful democratic outcomes could be masking a system that actually hinders development progress. Drawing on nearly 200 interviews and extensive fieldwork, this book posits that political funds are extracted by an iron square of politicians, bureaucrats, construction contractors, and political-party chairs which rigs the procurement of local-development projects to generate kickbacks. The iron square remains robust across party changes in government due to reciprocity obligations that minimize contractors’ income risks. Ultimately, this web of kickbacks diminishes the quality of development by reducing the funds available for projects and distorting incentives to monitor projects. To break this iron square, the book recommends replacing sealed-bid procurement—a "best practice" that ignores on-the-ground realities—with a system that accounts for income stabilization and social obligations. Overall, the book argues that scholars of development should advance research on political finance to identify and then alleviate the games that decision makers must play to survive in the political sphere. Political Financing in Developing Countries will be an important and timely resource for scholars across development studies, politics, economics, and African Studies.
The Politics Of Finance In Developing Countries
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Author : Stephan Haggard
language : en
Publisher: Cornell University Press
Release Date : 2019-05-15
The Politics Of Finance In Developing Countries written by Stephan Haggard and has been published by Cornell University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-15 with Political Science categories.
Ten original essays examine the political and institutional factors that influence the initiation and efficiency of preferential credit policies in Korea, Taiwan, Thailand, Indonesia, the Philippines, Chile, Mexico, and Brazil.
Government Finance In Developing Countries
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Author : Richard Goode
language : en
Publisher: Brookings Institution Press
Release Date : 2010-12-01
Government Finance In Developing Countries written by Richard Goode and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-01 with Business & Economics categories.
Fiscal systems throughout the world have been severely strained in recent years, as governments have assumed more responsibility for economic management. The developing counties, where needs are greatest and resources scarcest, have found their finances especially hard pressed. This book examines a range of issues in government finance that confront developing countries: the formulation and execution of national budget; the objectives, size, and effects of expenditures; the purposes and results of various ways of taxing income, wealth, consumption, exports, or natural resources; the role of foreign and domestic borrowings; and the consequences of financing by money creation. The book also relates fiscal operations to goals such as growth and development, economic stabilization, equitable distribution, and national self-reliance. The author stresses the need to take account of economic and political conditions and particularly administrative capacity when evaluating the suitability of fiscal measures in developing countries.
Oecd Public Governance Reviews Financing Democracy Funding Of Political Parties And Election Campaigns And The Risk Of Policy Capture
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2016-02-04
Oecd Public Governance Reviews Financing Democracy Funding Of Political Parties And Election Campaigns And The Risk Of Policy Capture written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-04 with categories.
The recent debate on the role of money in politics has shed the light on the challenges of political finance regulations. What are the risks associated with the funding of political parties and election campaigns? Why are existing regulatory models still insufficient to tackle those risks?
Fiscal Decentralization And Local Finance In Developing Countries
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Author : Roy Bahl
language : en
Publisher: Edward Elgar Publishing
Release Date : 2018-03-30
Fiscal Decentralization And Local Finance In Developing Countries written by Roy Bahl and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-30 with Business & Economics categories.
This book draws on experiences in developing countries to bridge the gap between the conventional textbook treatment of fiscal decentralization and the actual practice of subnational government finance. The extensive literature about the theory and practice is surveyed and longstanding problems and new questions are addressed. It focuses on the key choices that must be made in decentralizing, on how economic and political factors shape the choices that countries make, and on how, by paying more attention to the need for a more comprehensive approach and the critical connections between different components of decentralization reform, everyone involved might get more for their money.
Freedom And Finance
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Author : M. Haley
language : en
Publisher: Springer
Release Date : 2001-06-26
Freedom And Finance written by M. Haley and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-06-26 with Business & Economics categories.
Within a decade, private capital surpassed aid as the primary capital source for developing countries. This book explores how the increase of private funds, in particular portfolio capital, effects democratization in developing countries. A probe into institutional investors' coordination, asset concentration, political preferences, and activism, provides a framework for understanding the politics of international financial constraints. Highlighting the dilemma presented by international finance's simultaneous emphasis on austerity and stability, the question of whether this public-to-private shift might facilitate an anti-democratic strain is examined.
Raise The Debt
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Author : Jonas B. Bunte
language : en
Publisher: Oxford University Press
Release Date : 2019-01-29
Raise The Debt written by Jonas B. Bunte and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-29 with Political Science categories.
Credit is the lifeblood of capitalism and development. Brazil, Russia, India, and China-also called BRICs-have become important creditors to developing countries. However, how will their loans affect economic development and democracy in recipient countries? We need to understand why governments accept Chinese over Western loan offers before we can predict their likely consequences. In Raise the Debt, Jonas B. Bunte systematically explains how governments choose among competing loan offers. Using statistical analyses and extensive interview data, he shows that the strings attached to loans vary across creditors. Consequently, one domestic interest group may benefit from Chinese credit but not U.S. loans, while the opposite is the case for other groups. Bunte provides evidence that governments cater to whichever domestic interest group is politically dominant when deciding between competing loan offers. Combining a comparative politics approach with international political economy methods, Raise the Debt shows how a deeper understanding of governments' borrowing decisions is critical for gaining insights into how these loans could impact growth and democracy on a global scale.
Local Governance In Developing Countries
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Author : Anwar Shah
language : en
Publisher: World Bank Publications
Release Date : 2006
Local Governance In Developing Countries written by Anwar Shah and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
This book provides a new institutional economics perspective on alternative models of local governance, offering a comprehensive view of local government organization and finance in the developing world. The experiences of ten developing/transition economies are reviewed to draw lessons of general interest in strengthening responsive, responsible, and accountable local governance. The book is written in simple user friendly language to facilitate a wider readership by policy makers and practitioners in addition to students and scholars of public finance, economics and politics.
Comparative Political Finance Among The Democracies
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Author : Herbert E. Alexander
language : en
Publisher: Routledge
Release Date : 2019-03-07
Comparative Political Finance Among The Democracies written by Herbert E. Alexander and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-07 with Political Science categories.
This book is an in-depth exploration of political finances in and among mature and developing democracies of the world of politics in most continents: Japan and South Korea in Asia; Brazil in South America; Mexico and the United States in North America; and Italy, Germany, and Spain in Europe.
Project Finance In Developing Countries
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Author : Priscilla Anita Ahmed
language : en
Publisher: World Bank Publications
Release Date : 1999-01-01
Project Finance In Developing Countries written by Priscilla Anita Ahmed and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-01 with Business & Economics categories.
"This report explores the changing face of project finance in developing markets. IFC, and more recently, other multilateral, bilateral, and export credit institutions have played a strong suportive role in bringing project finance to its current volumes. This role was highlighted in 1998, when these institutions sustained flows of an estimated $25 billion at a time when there was an abrupt decline in some types of private flows. IFC, in particular, was a pioneer of project finance in developing countries and has a unique depth of experience in this field, which spans more than 40 years in the practical implementation of some 2000 projects, many of them on a limited-recourse basis. Particularly in today's marketplace, IFC's ability to mobilize finance (both loan and equity for its own account and syndicated loans under its B-loan program), the strength of iis project appraisal capabilities, and its experience in structuring complex transactions in difficult environments have been reassuring to other participants and important to the successful financing of many projects. This report draws on IFC's experience in more than 230 greenfield projects costing upward of $30 billion that relied on project finance on a limited-recourse basis (see Appendix A). It opens with a brief description of the major international trends in project finance over the past two decades and then turns to the essential ingredients of successful project financing."--Publisher abstract.