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Publications (13)
Blog
Augustin Fosu and Wim Naudé African economies have been shaken by the global economic downturn which followed the US-centered financial crisis of 2008. Africa’s growth rate for 2009 and 2010 has recently been revised substantially downwards by international financial institutions. For instance the...
As their Millennium Development Goals, world leaders have pledged by 2015 to halve the number of people living in extreme poverty and hunger, to achieve universal primary education, to reduce child mortality, to halt the spread of HIV/AIDS, and to halve the number of people without safe drinking...
Book Chapter
From the book:
New Sources of Development Finance
Working Paper
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Efforts to realize the issue of development-focused Special Drawing Rights (SDR) by the International Monetary Fund (IMF) have been on-going for many years. Recently, however, the campaign first gained a new momentum immediately after the Asian financial crises with the new liquidity problems of...
Working Paper
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– Over-Arching Issues
In analysing proposals for new sources of development funding, there are several issues that arise across the board. What is the role of new sources in relation to existing overseas development assistance? Should we be seeking new sources that generate a double dividend? Can the key elements of a...
Working Paper
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– A Critical Appraisal
The paper assesses the potential of currency transaction taxes (CTT, widely known as the Tobin tax), to raise revenue for global development. Though Tobin proposed and others assessed CTTs in terms of reducing exchange rate volatility and improving macroeconomic policy environments, this paper...
Working Paper
pdf
The privatization of the national public utilities that took place almost a decade ago in Argentina seem to be explained by the persisting deficits of the enterprises, a general dissatisfaction with their performance and the difficulties government faced in their control. During the period of...
Working Paper
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– Access to Basic Services in Bolivia
This paper analyses the privatization of utilities in Bolivia, detailing the particularities of the capitalization mechanism which was used for this purpose. The analysis suggests that capitalization and regulation, and the liberalization of the utilities sector more generally, succeeded in...
Working Paper
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Relying on a general equilibrium model of Argentina’s economy calibrated for 1993 and internalizing all productivity and scale gains achieved up to 1999, this paper isolates the distributional effects of utilities reform from the impact of other reforms taking place in the country during the 1990s...
Working Paper
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Privatization has been one of the primary factors generating changes in the Chilean economy over the last decade. Privatization has faced some opposition due part to its uncertain effect on employment and prices. Despite the importance of the topic, only few attempts have been made to analyse...
Working Paper
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Almost five years after privatization took place in electricity and telecommunications, and major reforms had been carried out in the administration of water, the results is not clear a priori. In order to elucidate the panorama, this research tries to assess the consumption and welfare impacts of...
Working Paper
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– Distributional Implications and Government Response
The UK was one of the earliest countries to undertake utility reform, which included changes in ownership, in the regulatory regime and in market structure and competition. While most agree that the programme has had beneficial effects on efficiency, there has been increasing concern about the...
Working Paper
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The objective of this paper is to broaden the discussion on regulation in general and on the regulation of utilities in particular. Beyond the technical complexity involved in designing and implementing regulatory interventions, we focus our attention on the conditions for achieving a fair process...
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