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Publications (5)
Working Paper
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Tanzania has been a relative success story in Africa in terms of political reform. While foreign aid has helped strengthen institutions that advance accountability, it simultaneously supports a status quo that undermines accountability and democratization. This study first explores the ways in which...
Working Paper
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– The Limits of Foreign Aid on Malawi’s Democratic Consolidation
Since the era of one-party rule, Malawi’s relationship with the donor community has proved erratic and contentious. During the second term of Malawi’s current president, Bingu wa Mutharika, this trend has continued apace, with important implications for the consolidation of the country’s nascent...
Working Paper
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The abundance of private capital flows confronts many emerging-market authorities with a transfer problem. They must decide whether to accept or resist the net capital inflow, or how much to accept and how much to resist. This paper aims at assisting that decision by focusing on the rationale, the...
Working Paper
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– Are There Any Lessons?
We have now witnessed more than half a decade of relatively heavy capital inflows to a large group of highly heterogeneous developing countries and economies in transition in Asia, Eastern Europe, the Former Soviet Union, Latin America, and parts of Africa and the Middle East—in effect, we have...
Working Paper
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This paper discusses the process, problems and impacts of the financial sector reform in Indonesia, particularly since the late 1980s. The reform has encouraged a surge in private sector capital inflows to supplement the already high domestic savings for financial investment and consumption...
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