From VoxEU.org
Rebalancing the Global economy: A Primer for Policymaking
Stijn Claessens, Simon J Evenett and Bernard Hoekman - 23 June 2010
"This new eBook aims to provide policymakers and their advisers with
up-to-date, comprehensive analyses of the central facets of global economic
imbalances and to identify and evaluate potential national and systemic
responses to this challenge."
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from the Asian
Development Bank
Environment and Economics in Project Preparation - 1999
E-mail
or fax the Publications Unit at + 632 636 2648
to order copies of this document.
Applicable shipping cost will be charged.
On-line edition: Free of Charge
Hardcopy price: $15.00
ISBN: 971-561-201-6
Paperback (Pub. Date: 1999)
In stock
A key feature of this book is the inclusion of ten cases illustrating
practical approaches to environmental economic analysis in situations
where information and time are limited and entail a lot of resources. The
book provides case-specific examples of bringing environmental concerns to
focus, thus providing guidance based on real world examples for project
designers and evaluation experts on how to use environmental valuation for
project design. From these examples, it can be concluded that the
inclusion of environmental valuation in project design improves project
quality. 1999. 394 pages.
Guidelines for the Economic Analysis of Projects -1997
The
printed version of this publication
is out of print. Please contact the Publications
Unit for more information.
Guidelines, Handbooks, and Manuals
from the Asian
Development Bank
On-line edition: Free of Charge
Hardcopy price: $10.00
ISBN: 971-561-127-3
Pub. Date: 1997
Out of Print
Provides guidelines for ADB staff, consultants, and officials of
developing member countries in assessing project proposals for
economic viability and financial sustainability. It includes
sections on environmental costs and benefits, the distribution of
net benefits, and sensitivity and risk analysis. 215 pages.
See also:
Handbook for Integrating Risk Analysis in the Economic Analysis of Projects - 2002
Handbook on
Gender Dimension in Projects - 2000
Economic
Analysis of Policy-Based Operations (2003)
Handbook
for Integrating Poverty Impact Assessment in the Economic Analysis
of Projects (2001)
Handbook
for the Economic Analysis of Health Sector Projects (2000)
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From the Economic and Social Research Council (UK)
- 2009
Strategic Challenges
Global Economic Performance, Policy and Management
The collapse of confidence in the world financial system will shape the research
agenda for a long time.The full extent of the damage to the global economy
remains unclear. Governments have been forced to intervene in the economy,
overturning the economic orthodoxy of the last 30 years.
The boundaries of public and private are being redrawn as new economic
regimes are created.The recession puts renewed pressure on understanding the
causes of poverty and what policies reduce it.Through research centres and
grants, ESRC funded social scientists have already been active in these areas,
giving us the opportunity to build on and deepen what is already known.
Strategic
Plan 2009-2014
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From United Nations Development Programme - 2009
Handbook on planning, monitoring and evaluating for development results"This 2009 version of the ‘Handbook on Planning, Monitoring and Evaluating for
Development Results’ aims to support UNDP in becoming more results-oriented and
to improve its focus on development changes and real improvements in people’s lives.
It replaces and updates the previous Handbook from 2002. It was a breakthrough in
driving the effective application of the results-based management approach in
programming and performance management.
The Handbook recognizes that planning,monitoring and evaluation require a focus on
nationally owned development priorities and results, and should reflect the guiding
principles of national ownership, capacity development and human development.
Globally, there has been a significant shift away from the project approach in favour of
programme and national approaches. All partners and members of the Executive
Board expect UNDP to demonstrate tangible results in development cooperation.
UNDP also faces intensified calls for accountability to citizens for how resources are
used, what results are achieved, and how effective these results are in bringing about
progress in human development." more
information
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The three texts below (H. B.
Chenery and N. G. Carter, 1973; A. Waterson, 1969; and W. Arthur Lewis, 1966)
are compulsory reading for my students in planning for development because
they give a solid conceptual background for understanding the national and
international dimensions of planning for development in a globalized
system of production. (Dr. Róbinson Rojas)
1) From the World Bank Archives - SWP141
H. B. Chenery and N. G. Carter - 1973
Internal and external aspects of development plans and performance, 1960-1970
I. The analytical framework
II. Development performance in the sixties
III. Distribution and efficiency in aid policy
Footnotes
References
Notes to the tables
2) From the data files of the World Bank: File Copy 13382
A. Waterson, Development Planning. Lessons of
Experience -1969 - World Bank, 770 pages
Part One: The Development Planning Process
The many meanings of planning: -
Wartime planning -
Town and country planning - Anticyclical planning -
National planning - Regional planning
The spread of development planning: -
Early planning -
Postwar planning
Stages of development planning: -
The socialized countries -
Evolution of central planning -
The pattern of decentralization -
The mixed economies -
Three stages of planning -
Premature comprehensive planning -
Experience favors staged approach -
Difficulties of comprehensive planning -
The problem of projects -
Rationalising current public investment
Development plans: -
Planning without plans -
The variety of plans -
The formal status of plans
The duration of plans: -
Short-term plans -
Medium-term plans -
Long-term plans
Plan continuity and flexibility: -
Rolling plans -
Annual plans -
Plan objectives -
Plan targets
Basic data for planning: -
Relationship between data and planning -
Data needed for planning -
The question of priorities -
Planning with inadequate data -
The budget's role in planning: -
The relationship between plan and budget
Administrative obstacles to planning -
The implementation of plans
Part two: The organization of planning -
Planning machinery priorities -
The distribution of planning functions -
The funtion and role of a central planning agency -
Locating a central planning agency -
Types of central planning agencies -
Organization of a central planning agency -
Subnational regional and local planning bodies -
Programing units in operating organizations
Appendix I. Colombia: questionnaire on investment programs of public entities
Appendix II. Argentina: questionnaire on public investment programs
Appendix III. National plans
Appendix IV. Central planning agencies
Appendix V. Organization chart of Iran's plan organization
Appendix VI. The Philippines National Economic Council
Appendix VII. Morroco (1960) Division of Economic Coordination and Planning
Appendix VIII. India's Planning Commission
Appendix IX. Pakistan, organization chart, planning commission, President's secretariat
Turkey's State Planning Organization
3) W. Arthur Lewis - 1966
Development Planning: the essentials of economic
policy
[Selected pages published in books.google]
Title
Copyright
Table of Contents
Patterns of
Planning
Plan Strategy
Foreign Aid
The Arithmetic of Planning
IO Retrospect
Required School Enrolment
Growth Rate Averages
Resources and Their Use I
Capital Account I
Resources and Their Use II
From UNIDO
Strategies for Regional Innovation Systems: Learning Transfer
and Applications - 2003
(38 pages/428 KB)
Philip Cook,
Centre for Advanced Studies, Cardiff University
in cooperation with
Olga Memedovic,
UNIDO, Strategic Research and Economics Branch
The paper explains the concept of regional innovation systems. It argues that
global economic forces have raised the profile of regions and regional
governance not least because of the rise to prominence of regional and local
business clusters as vehicles for global and national economic
competitiveness. Key definitions are given and distinctions drawn. Then, by
reference to a number of important dimensions characterizing innovation
such as education, knowledge transfer, linkage and communications, four
regions from Asia, Europe and Latin America are contrasted. It is shown that
regional innovation systems can be underdeveloped by being too dependent
on public support, but equally, an over-emphasis on private infrastructures
needs to be guarded against except at the most advanced developmental level.
A combination of public and private governance at regional level to promote
systemic innovation is advocated.
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One of the most important features of capitalist markets is that they create economic inequality as a result
of capital accumulation, which appears as an antagonistic contradiction between economic efficiency and social efficiency in any capitalist social
formation. Planning for development require practitioners having a strong understanding of the above
feature, particularly because once established economic inequality makes even stronger
the political, social, and cultural inequalities already in place, adding to religious, racial and
gender inequalities in a sort of self-propelled feedback loop. Here are some useful
sections on this in my archive (Dr. Róbinson Rojas):
-- Inequality - Social exclusion
-- Inequality, poverty, social exclusion and corruption
i n U.S.A
-- Inequality,
poverty, and social exclusion in Latin America
-- Inequality,
poverty, social exclusion and corruption in China
-- Spatial Inequality in Asia
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Planning for Development require internal and external political and economic conditions allowing national policies to be free
from blockages imposed by
vested economic and political interests (huge transnational corporations and imperial nation-states) being served by the internal
dynamics of capitalist free markets.
The texts below deal with this problem within the realm of international trade. They make useful reading for planners for development
particularly in developing countries.
(Dr. Róbinson Rojas):
UNCTAD - Trade and Development Reports (TADR):
2007:
Regional cooperation for development
The Trade and Development Report 2007,...
recommends that developing countries should
strengthen regional cooperation with other
developing countries, but proceed carefully with
regard to North-South bilateral or regional
preferential trade agreements. Such agreements may
offer gains in terms of market access and higher
foreign direct investment, but they can also limit
national policy space, which can play an important
role in the medium- and long-term growth of
competitive industries
2006:
Global partnership and national policies for development
"The rules and commitments of the international trading regime restrict the
de jure ability
of developing nations to adopt national development policy".
"Rules and commitments, which in legal terms are equally binding for all countries,
in economic terms might impose more binding constraints on developing countries"(p. 167)
2005:
New Features of Global Interdependence
"Natural-resource
endowments determine the degree to which selfsufficiency
in food and raw materials is compatible with rapid industrial
development and growth ... but the balance-of-payments constraint limits import growth." (p. 52)
2004:
Policy coherence, development strategies and integration into the world economy
"The search for economic
stability is not between
autarky and surrendering
national sovereignty to the
expansive logic of markets." (p. 97)
2003:
Capital Accumulation, Growth and Structural Change
With the leading industrial countries still not pulling in the same direction,
prospects for much of the developing world are clouded by tensions in the
trading system, volatility in the currency market and deflationary pressures.
This year´s Report traces the difficulties back to the pattern of
global trade and financial flows in the 1990s. But the Report also asks
whether market-led reforms adopted in many developing countries after the debt
crisis of the early 1980s have strengthened these countries´ ability to
withstand external shocks.
2002:
Developing Countries in World Trade
The Trade and Development Report 2002 analyses trends and outlooks
for the world economy and focuses on export dynamism and industrialization in
developing countries. It demonstrates that, although integration into world
trade is essential, it is not in itself sufficient for ensuring a country´s
development. The Report questions the conventional wisdom that export growth and
foreign direct investment (FDI) automatically generate commensurate income
gains.
2001:
Global Trends and Prospects - Financial Architecture
International economic issues touch the lives of people everywhere. Whether
grappling with the challenges posed by new information technologies, seeking to
draw policy lessons from financial crises in emerging markets, or assessing the
possible impact of China´s entry into the World Trade Organization, we look to
economics as a guide in our rapidly changing world. The poorest nations
especially require a clear economic road map if they are to make progress
against the persistent problems of hunger, ill health and social insecurity.
2000:
Global Economic Growth and Imbalances
Even as the digital age creates new opportunities, financial fragilities in the
world economy continue to constrain policy makers everywhere. Given the severity
of East Asia´s financial crisis, much of the focus and concern in recent years
has been on developments in the region.
This year´s Report takes a careful look at the forces driving the recovery in
East Asia, its weakness and the long-term prospects and policy for sustained
growth and development.
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From the International Research Journal of Finance and Economics - 2007
Economic Development Planning Models: A comparative assessment
S. K. Kooros and L. M Badeux
Economic development, distinguished from economic growth, results from an assessment of the
economic development objectives with the available resources, core competencies, and the infusion of
greater productivity, technology and innovation, as well as improvement in human capital, resources,
and access to large markets. Economic development transforms a traditional dual-system society into a
productive framework in which every one contributes and from which receive benefits accordingly.
Economic development occurs when all segments of the society benefit from the fruits of economic
growth through economic efficiency and equity. Economic efficiency will be present with minimum
negative externalities to society, including agency, transaction, secondary, and opportunity costs. At
the same time, disintegration of national sovereign states into more fragmented nations along the ethnic
lines would not help these newly formed societies to accede to a formidable economic development
regardless of their form of government...
Development economics contain a number of theories, but little research has been
conducted on economic planning models. The developing countries’ preoccupation with
economic planning provides a rationale for this paper. In this paper, the conceptual affinity
among the three models is examined. Markov-Chain (Markov 1914) has been applied to
short term market forecasting and business decisions on the firm’s future market share,
given a consumer transition from one firm to the next. Leontief's model shows the short
term inter-industry interdependence of production functions, (Leontief 1965, 1985).
Kooros' model transcends the former two models by providing an optimum resource
allocation planning model and the decision criteria, (Kooros, 1995, 1998). This paper
provides a comparative analysis of the three models’ structures, similarities, and respective
advantages...
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A. Venables - 2006
Shifts in economic geography and their causes
Recent decades have seen momentous changes in the economic geography of the
world. Political transitions and economic liberalization have brought formerly
closed countries into the world economy...this has amounted to a doubling of
the world labour force...Some of these changes - falling trade and
communications costs- have been going on for centuries...the ratio of per
capita incomes of the richest to poorest nations increased from around 8:1 in
1870 to more than 50:1 in 2000
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From the data files of the World Bank File Copy No. 27711
Subnational Capital Markets in Developing Countries
From Theory to Practice
- 2004
Mila Freire and John Peterson, with Marcela Huerta and Miguel Valadez (editors)
"Within the framework of increasing decentralization, the need for local
governments
to access financial markets is growing. As urbanization expands, local
authorities need to provide more services with fewer resources from the
central
government. Subnational borrowing—leveraging reliable cash flows—and
prudent
fiscal management can be alternatives to fund such investments, especially
when
the useful life of the service is long and an adequate legal framework is in
place
to ensure fiscal and financial stability."
"This book, prepared by staff members of the World Bank and selected guest
contributors, consists of two parts. The first part comprises a framework to
study
subnational governments as borrowers and the array of credit markets in which
they may operate. The second part consists of case studies that document the
recent experience of 18 countries in developing markets for subnational
borrowers
and offer lessons about fostering responsible credit market access within a
framework of fiscal and financial discipline. The book pools information on
the
issuing of municipal debt and its characteristics, analyzes the role of
macroeconomic
conditions and market development in the success or failure of those
borrowings, and suggests recommendations to guide ongoing efforts. The goal
is to assist local governments in working as strategic partners in the
development
and strengthening of the capital markets in emerging economies."
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Tactical Planning Models for Supply Chain Management
J. M. Swaminathan Sridhar (University of North Carolina) and R. Tayur
(Carnegie Mellon University) January 2003
Supply chain management includes the implementation of efficient policies related
to procurement of raw material, transforming them into semi-finished and finished
products and distributing them to the end customer, thereby transcending multiple
business units. Poor supply chain management (more often than not) predominantly
results in excessive amounts of inventory, the largest asset for many firms. Inventory
is generally carried by firms to hedge against uncertainty of different types ( demand, process and supply ) as well as to account for economic efficiencies. The former are
managed with safety stocks ( either in raw material or in finished goods ), and the latter through batches ( lot sizes ). Typically, both these types of
inventories need to be considered simultaneously, as one is affected by the other. Outside the manufacturing door, a major challenge that companies face
relates to the management of safety stocks rather than with the choice of economic lot-sizes. Thus, efficient coordination of the
supply chain relies heavily on how well the uncertainties related to demand, process and supply are managed. Tactical planning is the setting of
key operating targets...
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Samir Amin, (1990) Maldevelopment
- Anatomy of a global failure
...In this book it is proposed to analyse this failure of development from a
political stand-point, for discussion of the options in the framework of
macroeconomic schema provides no more than commonplace and foreseeable findings.
We must aim higher and integrate in the discussion all the economic, political,
social and cultural facets of the problem and at the same time fit them into a
local framework ( Africa) that takes account of interaction on a world scale.
We acknowledge that this aim comes up against major theoretical difficulties.
Social reality as a whole has three facets: economic, political and cultural.
The economic aspect is perhaps the best known. In this field, conventional
economics has forged tools of immediate analysis and with greater or lesser
success of management of an advanced capitalist society. Historical materialism
has sought to plunge deeper and has often succeeded in illuminating the
character and extent of social struggles underlying the economic choices.
The field of power and politics is relatively less known; and eclecticism in
the theories advanced shows the inadequate scientific mastery of the reality.
Functional political thought, like its former or recent ingredients
(geopolitics, systems analysis, etc.) may sometimes be of immediate use in
shaping strategies but remains conceptually impoverished and does not warrant
the status of a critical theory. It is true that historical materialism provides
a hypothesis as to the organic relationship between the material base and the
political superstructure, and the hypothesis is fruitful if it is not too
crudely interpreted. The Marxist schools, however, have not conceptualized the
issue of power and politics (modes of domination) as they have the
categories(modes of production). The propositions in this direction, by Freudian
Marxists for example, have the undoubted merit of drawing attention to neglected
aspects of the issue but have not yet produced an overall conceptual system. The
field of politics lies virtually fallow.
It is not by chance that the first chapter of Volume One of Capital
includes the section entitled 'The Fetishism of Commodities and the Secret
thereof. Marx intends to unveil the mysteries of capitalist society, and the
reason why it appears to us as directly governed by economics, in the forefront
of the social scene and the determinant of the other social dimensions that seem
then to accommodate to its demands. Economic alienation thus defines the essence
of the ideology of capitalism. Conversely, pre-capitalist class societies are
governed by politics, which takes the forefront of the stage and provide the
constraints that other aspects of the social reality - including economic
life-seem bound to obey. If a theory of these societies were to be written, the
work would be entitled 'Power' (instead of capital for the capitalist mode) and
the opening chapter would deal with 'the fetishism of power' (instead of the
fetishism of commodities).
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M. Syrquin - 2005
Kuznets and modern economic growth fifty years later
Simon Kuznets was awarded the 1971 Nobel Prize in economics for his empirically founded
interpretation of economic growth, yet, two decades after his death it is only in the guise of the
“Kuznets curve” that he may be found in the literature of growth or of economic development. In
this paper I review Kuznets’ contribution to growth focusing particularly on his analysis of the
costs and benefits of growth and the impossibility of conceptualizing modern economic growth
without substantive structural shifts.
Kuznets maintained the impossibility of a purely economic theory of growth. He considered the
more general theory as a worthwhile goal but a very remote one at the time. The central problem
for Kuznets was to endogenize what economics mostly regards as givens: technology, population,
tastes, and institutions.
In his studies of national income and growth Kuznets repeatedly emphasized the problems of
scope, valuation, and the distinction between net and gross outputs. The answers to these
questions depend on the purpose of economic activity which in turn refers to the social values of
the place and time. The solutions, therefore, can never be absolute.
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Malaysia
Planning in Malaysia is a two-way
interactive process between the EPU, on the one hand, and the line ministries
andagencies, on the other, as shown below. This top-down and bottom-up processes
ensure that national policies and strategies are realized and development
concerns at sub-regional level are fully integrated into the overall national
development thrusts. Planning from the top which is confined to setting macro
level parameters is determined in the context of the Inter- EPU Agencies
Planning Groups (IAPGs). The EPU is the secretariat for each of the IAPGs whose
work precedes the formulation of any development plan. Planning from the bottom,
on the other hand, essentially involves the line ministries, agencies and the
state governments which translate the sectoral master plans into specific
programmes and projects. The plays the key role in matching the micro-level
programmes and projects with the macro-level plans for each economic sectors
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National Development and Reform Commission (NDRC), People’s Republic of China
Main functions:
1.- To formulate and implement strategies of national economic and social
development, annual plans, medium and long-term development plans; to coordinate
economic and social development; to carry out research and analysis on domestic
and international economic situation; to put forward targets and policies
concerning the development of the national economy, the regulation of the
overall price level and the optimization of major economic structures, and to
make recommendations on the employment of various economic instruments and
policies; to submit the plan for national economic and social development to the
National People's Congress on behalf of the State Council.
2.- ....
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From the Inter-American Development Bank
The Politics of Policies
Economic and Social Progress in Latin
America
2006 REPORT
Ernesto
Stein | Mariano
Tommasi | Koldo Echebarría | Eduardo
Lora | Mark Payne
Coordinators
The impact of public policies depends not only on their
specific content or particular orientation, but also on some generic
features of the policies. An “ideal” policy that lacks
credibility and is poorly implemented and enforced may be more
distortionary than a “suboptimal” policy that is stable and well
implemented. This study examines six such key features: stability,
adaptability, coherence and coordination, the quality of
implementation and enforcement, public-regardedness (public
orientation), and efficiency. These key features have a great deal
of bearing on whether policies can actually enhance welfare, can be
sustained over time, and can contribute to overall development.
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Uganda
Ministry of Finance, Planning Economic Development
From Minister's message: "Information is very critical in planning and development of any nation, it is
against this background that I wish to highlight the following key achievements.
The Ministry of Finance, Planning Economic Development-Vote 008 is
mandated to design strategies that promote economic growth and transformation.
Performance of this mandate will facilitate attainment of the Government target
of 'Prosperity for All' as well as the Millennium Development Goals. Therefore
in FY 2008/09 the Ministry's Budget proposal aims at fulfilling this mandate..."
Mission Statement: To formulate sound
economic policies, maximise revenue mobilization, ensure efficient allocation
and accountability for public resources so as to achieve the most rapid and
sustainable economic growth and development.
MANDATE: The mandate of the Ministry is to:
- Formulate policies that enhance stability and accelerate economic growth and
development
- Plan and design strategies for rapid economic growth and transformation
- Mobilize domestic and external resources
- Ensure efficient allocation and utilisation of public funds
- Monitor and account for the utilisation of public resources
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Development Planning and
Decolonization in Nigeria
Falola, Toyin. Development Planning and Decolonization in Nigeria.
Gainesville, FM: University of Florida Press, 1996. 215 pp.
A review by Udogu, E Ike
in Journal of Third World Studies, Spring 1999
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From the Planning
Commission, Government of India
11th Five Year Plan 2007-2012 - India
India’s commitment to planned economic development
is a reflection of our society’s determination to improve
the economic conditions of our people and an affirmation
of the role of the government in bringing about this
outcome through a variety of social, economic, and
institutional means. The Eleventh Five Year Plan, which
was approved by the National Development Council on
19 December 2007 reaffirms this commitment. It
provides a comprehensive strategy for inclusive
development, building on the growing strength of the
economy, while also addressing weaknesses that have
surfaced.
The strength of the economy is evident from the
remarkable transition to a high growth path, which has
been achieved in recent years. The Tenth Plan period
(2002–03 to 2006–07) began modestly, but then saw the
economy accelerating steadily to achieve an average
growth rate of 7.7%, for the Plan period as a whole, which
is the highest ever achieved in any Plan period. In the
last four years the growth rate has averaged 8.9% making
India one of the fastest growing economies in the world.
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UNIDO Free Publications:
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