Showing papers by "Paul Mosley published in 1996"

Finance Against Poverty

Abstract: Over the last decade, the theory that poverty in the world's poorest regions could be alleviated by providing small loans to micro-entrepreneurs has become increasingly popular. This volume examines the effectiveness of this theory when put into practice. The book presents empirical evidence drawn from comparative experiences in seven developing countries and produces some startling conclusions. This work should be essential reading for all those interested in development, poverty-reduction, social welfare and finance. Volume One provides a detailed analysis of this theory and offers policy recommendations for practitioners in the field.

Finance Against Poverty: Volume 1

Abstract: In two volumes these books review and expand the theory that poverty in the world's poorest regions could be alleviated by providing small loans to micro-entrepreneurs. Volume 1 provides detailed analysis of this theory and offers policy recommendations for practitioners in this field. Volume 2 presents empirical evidence drawn from comparative experiences in seven developing countries. The work assesses the success of this policy and provides some startling conclusions. This is essential reading for all those interested in development, poverty-reduction, social welfare and finance.

The failure of aid and adjustment policies in sub-Saharan Africa: counter-examples and policy proposals

Abstract: In Africa, contrary to the experience of the rest of the developing world, aid flows as a share of GNP have increased enormously, but there is little evidence that this increase has been favourable to growth, or that the conditionality designed by donors in the 1980s to increase the effectiveness of aid has, in the aggregate, done so. This paper investigates why, using a game-theory model in which both donor and recipient seek to extract maximum advantage both from aid flows and from the policy conditions attached to them. Two important predictions of the model are that conditionality will in general be breached without penalty unless compensation is provided to losers and/or the implementation of conditions empirically proves itself effective. These predictions are confirmed in the African case. In Uganda, Mauritius and Ghana — the three countries where, as a result of compensation of losers and consistent investment and export development policies, donor policy recommendations proved credible — those recommendations were implemented and aid was effective. In all other adjusting African countries, conditionality was not credible in the sense of leading to a short-run increase in output, and aid flows were not effective.

Finance Against Poverty: Volume 2: Country Case Studies

Abstract: Over the last decade, the theory that poverty in the world's poorest regions could be alleviated by providing small loans to micro-entrepreneurs has become increasingly popular. This volume examines the effectiveness of this theory when put into practice. The book presents empirical evidence drawn from comparative experiences in seven developing countries and produces some startling conclusions. This work should be essential reading for all those interested in development, poverty-reduction, social welfare and finance. Volume One provides a detailed analysis of this theory and offers policy recommendations for practitioners in the field.