Will ‘Emerging Donors’ Change the Face of International Co‐operation?

Responding to the recent upsurge of interest in ‘emerging donors’, this article argues that the DAC share of aid is likely to decline only slowly from what is a historically high level, and at least some non‐DAC donors are likely to see DAC approaches and norms as relevant. Nevertheless, low‐income countries seem likely to have a wider range of financing options. Three key risks are that: they prejudice their debt situation by borrowing on inappropriate terms; they use low‐conditionality aid to postpone necessary adjustment; and they waste resources on unproductive investments. DAC members should develop constructive dialogue with other bilateral donors based on recognition that sustainable development and poverty reduction should be the core purpose of aid.     

China's development loans and the threat of debt crisis in Kenya

The increased access of African countries to external capital markets has rekindled interest in growing external borrowing and placed debt sustainability at the forefront of the continent's policy agenda. In this article, we discuss the conceptual link between external loans and debt challenges. In this article, the analysis is cast in the context of new sources of loans triggered by Sino–African co‐operation. The article examines the main sectors targeted for financing in Kenya, how the Chinese‐funded projects have been structured, the financial models adopted to deliver on the projects, and the overall gains from such projects. Ultimately, the article examines the external debt situation in Kenya and how Chinese loans are likely to precipitate a crisis of sustainability. The analysis shows that, although the external financial support plays a critical role in addressing the gap in Kenya's infrastructure development, the loans also pose risks of debt sustainability in the longer term, Chinese loans particularly are tied and lack transparency. The emerging debt challenges point to the need for policy reforms in favour of enhancing loans transparency and the beneficial impacts. This would enhance the repayment capacity of borrowing countries.     

推出市政债券为新型城镇化建设融资

新型城镇化建设的融资需求已引起各方主体的高度重视,探索推出市政债券是其中一个重要举措。为此,当前应加快立法,加强法制建设,健全法律法规体系,完善相关法律制度;规范地方政府举债行为,强化对地方政府举债的市场约束,构建多元化的城镇化建设融资体系,建立可持续的城镇化建设融资机制;严格执行财经纪律,构建地方政府的财政信用,强化地方财政预算约束,提高地方财政预算执行的透明度;完善信用风险管理制度,加强信用风险管理,有效防范和控制市政债券的信用风险;制定市政债券投资的税收优惠政策,增强对投资者的吸引力,发展壮大投资者队伍。     

中国地方政府债务问题探讨

中国地方政府债务问题形成的主要原因,一是政府过多地、直接地参与经济活动,二是城市化加速导致地方政府举债。对于中国地方政府债务问题,总体判断仍为风险可控。一是地方政府加上中央政府的债务占GDP的比例在40%以内,远低于60%的债务率标准。二是中央政府有非常强的控制能力,在各级政府间平衡债权债务,使得中国加总的净债务率较低。三是中国整体的资产负债表仍然健康,尤其是中央政府保持相当健康的资产负债表。对地方政府债务问题,体制性的解决办法是治本之道。要从根本上解决中国地方政府不规范借债问题,须建立规范化的地方政府举债融资机制。     

Financing for Development: The Gap between Words and Deeds since Monterrey

The Monterrey Consensus agreed at the UN summit on Financing for Development in 2002 promised a breakthrough in terms of donor generosity, aid effectiveness and new means of financing. However, the development orientation of world leaders proved to be short‐lived. This is even though our evaluation reveals progress since Monterrey in some areas, notably debt relief and private (FDI) flows. Calls for substantially scaling‐up regular aid had less effect than envisaged, and financial innovations have contributed only marginally to overall development financing so far. Nor is there much progress from the perspective of critics focusing on the quality of aid. In particular, the targeting of aid according to need and merit leaves much to be desired. The gap between words and deeds continues to be wide with regard to aid proliferation and donor co‐ordination as well.     

External Financing of Social Protection: Opportunities and Risks

Social transfers have reached the policy agenda of low‐income countries in Africa, where affordability is a key concern and aid dependence is high. In terms of magnitude, aid could make a substantial difference in relaxing the affordability constraint. This article addresses issues that arise as external financing is contemplated. Cash on delivery (COD) aid is discussed as an alternative aid contract when the political ownership is strong. The potential for external financing where political ownership is weak is also discussed, and the limitations of aid under such circumstances are recognised.     

Homology and isomorphism: Bourdieu in conversation with New Institutionalism

Bourdieusian Field Theory (BFT) provided decisive inspiration for the early conceptual formulation of New Institutionalism (NI). This paper attempts to reinvigorate the stalled intellectual dialogue between NI and BFT by comparing NI's concept of isomorphism with BFT's notion of homology. I argue that Bourdieu's understanding of domination‐oriented social action, transposable habitus, and a non‐linear causality, embodied in his neglected concept of homology, provides an alternative theorization of field‐level convergence to New Institutionalism's central idea of institutional isomorphism. To showcase how BFT can be useful for organizational research, I postulate a habitus‐informed and field‐conditioned theory of transference to enrich NI's spin‐off thesis of ‘diffusion’. I propose that while NI can benefit from BFT's potential of bringing social structure back into organizational research, BFT can enrich its social analysis by borrowing from NI's elaboration of the symbolic system of organizations.     

The Hollow Ring of Donor Commitment: Country Concentration and the Decoupling of Aid‐Effectiveness Norms from Donor Practice

The fragmentation of a donor's foreign aid across too many recipient countries is widely believed to be detrimental to aid effectiveness. This article explores the origins of a new norm – recipient concentration – and assesses the extent to which it can be expected to improve aid effectiveness. It also examines 23 donors' actual record of country concentration, and finds that, though there are some potential explanations for donors' behaviour, their collective failure to implement country concentration has very little consequence in theory or in practice.     

Student Loan Decision Making: Experience as an Anchor

Journal of Family and Economic Issues - The purpose of study is to examine the association between one's past borrowing experience and borrowing decisions in a hypothetical survey scenario. A...     

Japan's Financing Systems for Health Care of the Elderly

The multiplicity of Japan's health insurance system fails to achieve equality among the different insurance groups of the sharing of the financial burden. This "horizontal" inequality is effectively offset by a unique redistribution mechanism established in 1982. However, there is no reserve fund so that savings can be accumulated for the greater financial need in the future. This will inevitably lead to a heavier financial burden for the future working generation or more utilization of the personal assets of the elderly. How to achieve "vertical" or intergenerational equality in financing the cost of health care for the elderly is the biggest social policy challenge for Japan.     

Women's and men's subjective class identification from the 1970s to the 1990s

This study examines the subjective class identification of employed married women and men during the 1970s, 1980s, and 1990s. Using data from the General Social Survey, we test three competing models of subjective class identification: status borrowing, independent status, and status sharing. The findings indicate that the predictors of class identification for both women and men have changed considerably over the past three decades. The model for men has shifted from an independent model in the 1970s to a sharing model that depends on their gender‐role attitudes in the 1980s, and, further, to a sharing model irrespective of gender‐role attitudes in the 1990s. The model for women has moved away from a complex borrowing model of the 1970s toward a sharing model in the 1980s and 1990s, with women's gender‐role attitudes shaping their class identification process in the 1970s and 1980s, but not in the 1990s.     

The Return of Non‐DAC Donors to Africa: New Prospects for African Development?

This article examines the consequences of the return to Africa of donors that are not members of the OECD's Development Assistance Committee (DAC). It categorises these donors according to form, content, size and modality of their aid. It finds that their return increases external financial flows, in particular to countries not targeted by DAC donors. Moreover, for some donors like China and India the flows are closely related to other financial flow s such as trade and investment. Furthermore, it finds that the return of non‐DAC donors may conflict with plans to harmonise aid and may simultaneously raise transaction costs for recipients.     

Breaking the taboo: a history of monetary financing in Canada, 1930–1975

Monetary financing – the funding of state expenditure via the creation of new money rather than through taxation or borrowing – has become a taboo policy instrument in advanced economies. It is generally associated with dangerously high inflation and/or war. Relatedly, a key institutional feature of modern independent central banks is that they are not obligated to support government expenditure via money creation. Since the financial crisis of 2007–2008, however, unorthodox monetary policies, in particular quantitative easing, coupled with stagnant growth and high levels of public and private debt have led to questions over the monetary financing taboo. Debates on the topic have so far been mainly theoretical with little attention to the social and political dynamics of historical instances of monetary financing. This paper analyses one of the most significant twentieth‐century cases: Canada from the period after the Great Depression up until the monetarist revolution of the 1970s. The period was a successful one for the Canadian economy, with high growth and employment and manageable inflation. It offers some interesting insights into the relationship between states and central banks and present‐day discussions around the governance of money creation.     

Social assistance for poor children in urban China: A qualitative study from the recipients' perspective

In urban China, the recipients' experiences living with social assistance are neglected. This article examines social assistance for poor children in urban China, mainly by interviewing parents and children from urban Dibao households in Tianjin and Chengdu. It finds that the recipients' feelings included gratitude, helplessness, shame and exclusion which reflected limited policy effect on material support and social exclusion prevention. It argues that the recipients are under-served and current social assistance policy for poor children which only includes differentiated aid and education aid is inadequate and should be further improved.     

Compensating communities for industrial disamenities: The case of shale gas development

Governments often compensate communities for hosting disruptive industries. Sometimes compensation comes with restrictions that preclude highly-valued investments. I exploit policy discontinuities at the Pennsylvania-Ohio border to understand how restrictions affect local investment. Ohio delivers unrestricted revenues to schools and municipalities with shale development. Pennsylvania leaves out schools, and requires that municipalities address the industry's impacts. Municipalities in both states save most of the revenues. Ohio schools leverage them to increase borrowing and finance capital investments. This suggests that affected residents have greater demand for school investments, and that broad use of compensation may benefit communities more than allocating it narrowly.     

国家资产负债表研究成果及其应用

我国实施财税和预算改革须探讨其与政府资产负债表的关系。我国的财政预算必须实现＂窄口径＂向＂全口径＂的转变,并能够同时反映流量和存量数据、揭示中长期风险和隐性风险。我国中央政府和地方政府资产负债表的存量数据,揭示了社保、医疗、环境治理、地方债和铁路债带来的中长期财政压力。对较为紧迫的地方债务和或有债务问题,我国需建立以地方债为主的地方融资体系,通过编制地方政府资产负债表来披露地方债务规模和担保数量。上海可以率先尝试发行地方债和编制地方政府资产负债表。     

Building resilience to environmental problems in Kenya: lessons for aid organizations from three successful community-based processes

Vulnerable communities are disproportionately affected by environmental changes and problems. Developing interventions that aim to foster resilience by utilizing existing local strengths can support these communities. This study explored experiences of community resilience to environmental problems in Kenya. This article offers 3 successful processes of mutual support: culturally appropriate charity, community-based micro financing, and community-based fundraising. Lessons learned are offered, which can be supported by aid organizations to increase impact and reach.     

Payment by results in international development: Evidence from the first decade

Payment by results is a relatively new way of giving development aid, where a recipient's performance against pre‐agreed measures determines the amount of aid they receive. Advocates for the mechanism argue it provides donors with both a ready justification for maintaining aid budgets and better results through innovation and autonomy. It has proved popular, with most bilateral aid donors having at least experimented with the mechanism and the variety of measures stretching from individual health workers being paid for each procedure, to national governments being paid for students' test scores. However, there has not been a robust assessment of whether Payment By Results (PbR) achieves its aims for greater effectiveness. I synthesize the evidence from eight projects fully or partially funded by DFID, the recognized world leader on PbR. This represents the best evidence currently available, and is critically analysed using the leading theoretical framework that breaks each agreement into its constituent parts. I find no evidence that PbR leads to fundamentally more innovation or autonomy, with the overall range of success and failure broadly similar to other aid projects. This may partly be due to the current use of Payment by Results, with no readily identifiable examples of projects that truly meet the idealized PbR designs. Advocates of PbR may thus conclude the idea is yet to be tested. I argue PbR does not deal with the fundamental constraints that donors face, and so it is unsurprising that PbR is subject to the normal pressures that affect all aid spending.     

Kinship Care and Public Child Welfare: Challenges and Opportunities for Social Work Education

Abstract

The growing practice of arranging and financing “foster placement” of abused and neglected children with relatives provides an opportunity to redefine relationships between extended families and the child welfare system. The dilemmas and possibilities presented by kinship care as a child welfare service challenge schools of social work to provide intellectual leadership and to prepare social workers for changing child welfare practice. The author's ideas concerning responses to this challenge focus on key mandates of the Council on Social Work Education's Curriculum Policy Statement and on five principal curriculum areas in social work education.     

Cape Verde: Rethinking Diaspora in Development Policy

In today's global economy, small developing countries like Cape Verde have very few options to spur growth and sustain long term socioeconomic development. Small size, poor resource endowment, declining foreign aid, and decreasing opportunities in the world economy have sharply reduced their options for growth and competitiveness. In response, Cape Verde and other small states have been placing increasing focus on migration as a development resource. For a country with a centuries long history of migration and a diaspora estimated to be twice the size of the resident population, harnessing the diaspora is a viable option for Cape Verde. But under what conditions is such an option effective? This article analyses the evolution of the diaspora's economic role, and assesses the conditions that enable or obstruct the diaspora's role as a development resource.