世界経済・社会統計 = World development indicators

Financial development and dynamic investment behavior: Evidence from panel VAR

The debate on migration and development has swung back and forth like a pendulum, from developmentalist optimism in the 1950s and 1960s, to neo-Marxist pessimism over the 1970s and 1980s, towards more optimistic views in the 1990s and 2000s. This paper argues how such discursive shifts in the migration and development debate should be primarily seen as part of more general paradigm shifts in social and development theory. However, the classical opposition between pessimistic and optimistic views is challenged by empirical evidence pointing to the heterogeneity of migration impacts. By integrating and amending insights from the new economics of labor migration, livelihood perspectives in development studies and transnational perspectives in migration studies – which share several though as yet unobserved conceptual parallels – this paper elaborates the contours of a conceptual framework that simultaneously integrates agency and structure perspectives and is therefore able to account for the heterogeneous nature of migration-development interactions. The resulting perspective reveals the naivety of recent views celebrating migration as self-help development “from below”. These views are largely ideologically driven and shift the attention away from structural constraints and the vital role of states in shaping favorable conditions for positive development impacts of migration to occur.

https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1747-7379.2009.00804.x

Migration and Development: A Theoretical Perspective

The 2013 Human Development Report – "The Rise of the South: Human Progress in a Diverse World" – examines the profound shift in global dynamics driven by the fast-rising new powers of the developing world and its long-term implications for human developmentChina has already overtaken Japan as the world's second biggest economy while lifting hundreds of millions of its people out of poverty India is reshaping its future with new entrepreneurial creativity and social policy innovation Brazil is lifting its living standards through expanding international relationships and antipoverty programs that are emulated worldwideBut the "Rise of the South" analyzed in the Report is a much larger phenomenon: Turkey, Mexico, Thailand, South Africa, Indonesia and many other developing nations are also becoming leading actors on the world stage

Human Development Report 2013. The Rise of the South: Human Progress in a Diverse World

Enclosed is a copy of the Board of Governors’ Semiannual Agenda of Regulations for the period August 1, 1980 through February 1, 1981. The Semiannual Agenda provides you with information on those regulatory matters that the Board now has under consideration or anticipates considering over the next six months, and is divided into three parts: (1) regulatory matters that the Board had considered during the previous six months on which final action has been taken; (2) regulatory matters that have been proposed for public comment and that require further Board consideration; and (3) regulatory matters that the Board may consider over the next six months.

Federal Reserve Bank of New Yorkの制定せる財務諸表様式について

In the run-up to the 'follow-up international conference on financing for development' to be held in Doha from November 28 to December 2, 2008, it seems particularly timely to collect in one book writings on the various market-based innovative methods of raising development finance. Although developing countries are well advised to use caution in incurring large foreign debt obligations, especially of short duration, there is little doubt that poor countries can benefit from cross-border capital whether channeled through the public or private sectors. The papers in this book focus on various recent innovations in international finance that allow developing countries to tap global capital markets in times of low risk appetite, thereby reducing their vulnerability to booms and busts in capital flows. Debt issues backed by future hard currency receivables and diaspora bonds fall into the category of mechanisms that are best described as foul-weather friends. By linking the rate on interest to a country's ability to pay, Gross Domestic Product (GDP)-indexed bonds reduce the cyclical vulnerabilities of developing countries. Furthermore, these innovative mechanisms perm lower-cost and longer-term borrowings in international capital markets. Not only do the papers included in this book describe the innovative financing mechanisms; they also quantify the mechanisms' potential size and then identify the constraints on their use. Finally, the papers recommend concrete measures that the World Bank and other regional development banks can implement to alleviate these constraints. Economists have analyzed the feasibility and potential of using various tax-based sources of development finance in the context of meeting the millennium development goals. This has given rise to a new discipline of global public finance. This book complements those efforts by focusing on market based mechanisms for raising development finance.

Innovative Financing for Development

This paper responds to a request from the World Bank’s Executive Directors for an update in the area of economic or voluntary migration since the previous Board discussion of the topic on August 25, 2016. This paper has four objectives: to provide an update on data, drivers, and impacts in section two, to briefly discuss the changes in international governance, including the adoption of the global compact on migration in section three; to describe pertinent World Bank Group activities during FY2017-19 in section four; and to suggest future areas of activity in section five.

Leveraging Economic Migration for Development : A Briefing for the World Bank Board

July 2001 IBRD and IDA lending commitments appear to reflect variations in borrowing countries' need for external financing to meet debt service commitments. This is true during both financial crises and more tranquil times, suggesting that aid may be more fungible than previously believed. Bridging the external financing gap has been an important factor in borrowing government's demand for World Bank loans. The demand for IBRD and IDA lending is positively related to an increase in debt service payments and inversely related to a borrowing country's level of reserves. These two variables explain a large part of the variation in IBRD and IDA lending commitments, not only since the Asian crisis but also during tranquil times over the past two decades. Borrowing to service debt during a crisis is consistent with the Bank's role as a lender of last resort as well as with its core development objectives, but such borrowing during tranquil times may conflict with the Bank's long term objective of reducing poverty. That investment lending commitments are related to debt service payments implies that aid may be more fungible than previously believed. If Bank lending is fungible and there is no guarantee that a particular Bank loan is financing an identified investment project or program, a case could be made for greater use of programmatic lending (with well-defined conditionality). As developing countries become larger and more integrated with volatile international capital markets, there is also likely to be a greater need for fast-disbursing, contingent program lending facilities from the Bank. This paper - a product of the Economic Policy and Prospects Group - is part of a larger effort in the group to understand the determinants of official flows to developing countries. The author may be contacted at dratha@worldbank.org.

https://papers.ssrn.com/sol3/Delivery.cfm/2370.pdf?abstractid=632720&mirid=1

Demand for World Bank Lending

Preliminary estimates, based on data on bilateral migrant stocks for 2010 and assumptions about migrant incomes, suggest that annual diaspora savings of developing countries could be in the range of $400 billion. Diaspora saving as a share of Gross Domestic Product (GDP) is estimated to be 2.3 percent in middle-income countries and as high as 9 percent in low-income countries.

Preliminary estimates of diaspora savings

The financial crisis has highlighted the need for forecasts of remittance flows in many developing countries where these flows have proved to be a lifeline to the poor people and the economy. This note describes a simple methodology for forecasting country-level remittance flows in a manner consistent with the medium-term outlook for the global economy. Remittances are assumed to depend on bilateral migration stocks and income levels in the host country and the origin country. Changes in remittance costs, shifts in remittance channels, global exchange rate movements, and unpredictable immigration controls in the migrant-destination countries pose risks to the forecasts. Much remains to be done to improve the forecast methodology, data on bilateral flows, and high-frequency monitoring of migration and remittance flows.

/pdf/forecasting-migrant-remittances-during-the-global-financial-1osqyy0b9t.pdf

Dilip Ratha

Papers

Innovative Financing for Development

Leveraging Economic Migration for Development : A Briefing for the World Bank Board

Demand for World Bank Lending

Preliminary estimates of diaspora savings

Forecasting migrant remittances during the global financial crisis