The foreign aid–foreign direct investment relationship in Africa: The mediating role of institutional quality and financial development

The interaction of foreign aid and foreign direct investment is an important issue for developing countries in Africa. I probe into the mediating role of institutional quality and financial development using a panel data set of 47 countries over the period 1996–2016. I find that the effectiveness of foreign aid in attracting foreign direct investment is greater in countries with better institutional quality and sound financial development. The implications for policy are outlined.     

Donors and domestic politics: Political influences on foreign aid effort

The vast majority of scholarship on foreign aid looks at either the effectiveness of foreign aid or why particular countries receive aid from particular donors. This paper takes a different approach: what are the domestic sources of support for foreign aid? Specifically, how does the donor's domestic political and economic environment influence ‘aid effort’? This paper uses a time-series cross-sectional data set to analyze the influence of changes in political and economic variables. As governments become more conservative, their aid effort is likely to fall. Domestic political variables appear to influence aid effort, but only for aid to low income countries and multilaterals while aid effort to middle income countries in unaffected. This suggests that models solely emphasizing donor economic and international strategic interests as determinants of donor aid policy may be mis-specified. These results also suggest sources of aid volatility that might influence recipient growth prospects.     

工业化商品住宅可持续发展社会效益评价

可持续发展是住宅工业化发展的必然要求.本文在可持续发展观的指导下,从社会效益角度对工业化住宅自身及其生产过程的可持续发展性进行了评价.主要从工业化商品住宅的社会经济影响、社会环境影响、社会互适性及社会风险四个角度进行分析,说明住宅工业化给社会效益带来的正面和负面影响.     

Does foreign aid procurement in resource-rich countries depend on these countries’ financial development and institutional quality? Evidence from PVECM and quantile-on-quantile regression

The underlying structure of the global economy has undergone major structural changes over the last two decades. These transformations have been powered by globalisation, technological development and multilateral trade agreements. The more open global economy has benefitted the global community, but many resource-rich developing countries are struggling to keep pace with more developed countries. As these resource-rich countries attempt to catch up with more developed economies, many rely on foreign aid to develop their institutions of governance and financial sector for a more knowledge-intensive economy. This study analyses the long- and short-run associations between foreign development aid procurement, financial development, and institutional quality in resource-rich countries from 2005 to 2020, employing the panel vector error-correction (PVECM) model and Quantile-on-Quantile Regression (QQR). Our analysis shows that, in the short run, there is a strong endogenous nexus between foreign aid procurement, quality of institutions and financial development. Furthermore, the results reveal that financial development and higher institutional development assist resource-rich countries in procuring foreign developmental aid in the long run. These findings suggest that a financial system which functions well, and favourable institutional governance are critical for these countries to secure foreign aid to put them on a path to sustainable development.     

发展中国家经济可持续发展实施途径浅析

论述了发展中国家应如何实现可持续发展。通过环境库兹涅茨曲线通道,说明发展中国家可以走上经济与环境协调发展的道路:(1)在合理评估资源环境经济价值的基础上,进行资源的产权界定;(2)必须通过技术创新来实现;(3)用可持续发展的思想修正度量经济增长的指标—GDP。     

When is there a Kuznets curve? Some evidence from the ex-socialist countries

This paper investigates when there is a Kuznets curve, that is, under which conditions income inequality eventually declines with economic growth. The analysis was performed on a sample of 26 ex-socialist countries from the former Eastern Bloc, during the post-socialist years. These countries had very similar characteristics when socialism collapsed, but very different experiences with transition afterwards, which makes them a suitable group for analysing the relationship between GDP and inequality. We focus on four factors that may shape this relationship – labour market institutions, the market power of companies, social benefits and taxes. Our findings suggest that the Kuznets curve is present only when control of companies’ market power is effective and taxes are high.     

THE TRUTHINESS HURTS

This essay applies some of the key insights in Bryan Caplan's The Myth of the Rational Voter. We discuss the relevance of cheap signals in political systems as well as the relevance of ideas in public policy with ‘rationally irrational’ voters. We add a fifth bias, ‘stick‐it‐to‐the‐man bias’, to Caplan's proposed anti‐market, anti‐foreign, make‐work and pessimistic biases, and we apply them all to environmental policy.     

Unbalanced regional growth and regional income inequality in the latter stages of development

This paper empirically examines the pattern of regional income inequality displayed in advanced stages of economic development, building from the convergent phase of the inverted-U hypothesis, originally developed by Kuznets for personal income inequality, but adapted by Williamson for regional income inequality. It is hypothesized that once the inverted-U pattern is completed, regional income inequality increases, rather than remaining stable. Four analyses of intrastate per capital income inequality among countries are undertaken to test the hypothesis that regional inequality increases. Results indicate strong support for the hypothesis that regional income inequality increases in the latter stages of development.     

Inclusive purchasing and supply chain resilience capabilities: Lessons for social sustainability

In the face of unexpected changes in their dynamic business environment, purchasing and supply chain (SC) managers have been challenged to boost SC resilience while maintaining their sustainability concerns. In this changing environment, this paper aims to explore: (1) how (social) sustainability affects SC resilience and (2) what the role of purchasing is for SC resilience. Through a dynamic capability view as the theoretical lens, we investigate whether and how an inclusive purchasing programme could enhance SC resilience capabilities to cope with the Covid-19 outbreak. We developed a Case study with various SC members of a multinational cosmetics company that, despite suffering from a sudden demand disruption during the outbreak, maintained its sustainability actions. The results show that four operational SC resilience capabilities were amplified: ‘visibility’, ‘adaptability’, ‘collaboration’ and ‘financial strength’. In addition, a new capability entitled ‘empowerment’ was mobilised during this period. These factors helped the inclusive purchasing maintenance and were essential to supporting social sustainability. In addition, our results show that sustainable PSM, which is overlooked in the literature, is key for SC resilience. This article contributes to theory and practice because it demonstrates the role and relevance of (inclusive) purchasing in a company's ability to cope with SC disruptions, such as those resulting from the outbreak.     

Constructive Pressures And Incentives To Reform: Globalization and its impact on public sector performance and governance in developing countries

Contrary to widespread pessimism regarding the effects of globalization on nation states and the quality of governance in developing countries, this contribution stresses that several of its features can be made instrumental, and be beneficial, in terms of public policy making and state capability. Four ‘constructive pressures’ stemming from globalization could be seized constructively by citizens and governments in the developing world: First, better informed and better connected citizens, and an emerging global civil society, demand improvements in service delivery, transparency, and participation. Second, subnational governments, often backed by local NGOs and businesses, and keen to attract foreign investment, increasingly exert pressure vis-à-vis central governments. Third, global investment strategies by private businesses increase the demand for appropriate institutional arrangements within developing countries as well as credible government policies. Although with mixed results, forth, International Organizations, in particular IFIs, have been addressing public sector modernization in developing countries, also sponsoring global public policy networks in critical areas. Moreover, policy coordination and cooperation among states increases significantly, constraining arbitrary action by governments. Globalization, thus, advances the discussion about, and the demand for, new institutional arrangements, clearly with new opportunities for improvements in state capability and governance.     

HOUSING INFORMALITY IN THE GLOBAL SOUTH: Insights from a Policy Comparison between Accra and Buenos Aires

Informal settlement growth in various countries has led to distinctive actions that enhance low-income populations’ accessibility to adequate, safe and affordable housing and basic services. This trend indicates the need for comparative studies between countries and cities to understand the factors that lead to policy learning opportunities. We conducted an experimental comparison between Accra, Ghana, and Buenos Aires, Argentina, to understand, first, how policies on informal settlements have been formed, and secondly, what inquiries should be made to address housing informality in the global South. A comparison shows that these cities/countries have shared moments of neoliberalization and that their poor residents have experienced similar struggles regarding housing availability and the pursuit of extensive governmental interventions. Therefore, their experiences are worth examining. Our comparison indicates that first, Buenos Aires/Argentina has adopted more inclusive policies regarding informal dwellers than Accra/Ghana, and secondly, that diversifying housing solutions are an inevitable dynamic in cities/countries experiencing a surge in housing pressure across classes, races and geographies. In this article we articulate how the governments of these countries have dealt with these challenges and conceptualize the coproduction needs of housing informality in developing countries. We encourage policymakers facing informality in the South to respond to the questions we raise about facilitating policy learning.     

京津冀环境可持续发展的影响因素

随着京津冀经济的发展,对环境造成的破坏日益严重。论文在环境库兹涅茨曲线的理论基础上分析了环境可持续发展的影响因素,得出环境可持续发展的主要影响因素有经济发展水平、产业结构、能源消费结构等,最后提出了一些关于环境治理问题的政策建议。     

Creating sustainable corporations

Corporate industrial activities of the past are environmentally unsustainable. Many of today's environmental crises are rooted in an unsustainable pattern of industrialization. Sustainable economic development can be ushered in only if corporations, the main economic engines of the future, are made environmentally sound. This can be facilitated through ‘total environmental management,’ and ‘sustainable organizational design’. Although many companies have embraced the practice of environmental management, few have seriously engaged the idea of sustainability. Those that do might reap competitive and financial benefits.     

Contesting Sustainability: ‘SMART Growth’ and the Redevelopment of Austin's Eastside

The compatibility between an agenda for sustainable urban development and the neoliberal economic restructuring of urban space has been observed within cities in developed countries across the globe. From providing economic support to local ‘green’ industries to creating bike lanes, municipalities develop sustainability strategies that are designed to boost their competitive advantage. Moreover, municipalities are responding to demands from popular social movements and national governments that seek to reconfigure societal relationships with the natural environment in cities. Cities are increasingly understood not as part of the ecological crisis but as part of the solution, or as places where alternative patterns of sustainable consumption and new socially and ecologically responsible industries can be developed. Over the last decade in Austin, environmental sustainability has become an uncontested paradigm that has progressively shaped the city's urban space and policy. Two competing conceptualizations of the environment, so‐called ‘environmental’ and ‘just’ sustainability groups, are explored in this article. I demonstrate how the notion of environmental sustainability has been selectively incorporated into the hegemonic vision of Austin's strategic growth plan. I argue that the dominance of this conceptualization is best understood by asking what counts as the ‘environment’ for environmentalists, and understanding the unstated assumptions about the environment shared by the business community and environmentalists.     

EQUALITY OF OPPORTUNITY: POLICY AND MEASUREMENT PARADIGMS

Abstract Equality of opportunity is a widely accepted principle of distributive justice and it is the leading idea of most political platforms in several countries. According to this principle, a society might institute policies that secure an equal distribution of the means to reach a valuable outcome among its members. Once the set of opportunities have been equalized, which particular opportunity, the individual chooses from those open to her, is outside the scope of justice. Ex ante inequalities, and only those inequalities, should be eliminated or compensated for by public intervention. The recent literature on the opportunity egalitarianism often merges these questions introducing two different economic issues. On one side the design of a public policy intended to implement the equality of opportunity view and on the other side the problem of measuring the degree of opportunity inequality in a society. We describe the basic setting and assumptions of some different approaches derived by Roemer’s algorithm for public policy and then we discuss some theoretical and empirical studies to separate and test alternative paradigms on the measurement of inequality of opportunity. Accordingly, an extended critique on the causality issue on policies and measurements is taken into account.     

The Economic Development-Income Inequality Nexus

A bstract . The empirical status of Kuznets' U-curve hypothesis is reassessed using three indicators of development ; two of which incorporate Basic Human Needs performance yardsticks, and three measures of income inequality. To eliminate the potential bias of the results due to functional form misspecification, a quadratic Box-Cox model of income inequality is specified. When the full sample of developed and developing countries was considered, all the share equations provided strong support for the hypothesis whereas the Gini equations provided weak support irrespective of the measure of development used. The results for the sub sample of developing countries were generally similar to those for the full sample. The policy implications of these results are discussed.     

Managerial career development in a developing host-country context: a study of American multinationals in Pakistan

This paper analyses the uptake of distinctly Anglo-Saxon protean and boundaryless careers in the specific organizational context of foreign multinationals operating in a culturally and institutionally distant developing economy. A qualitative case study approach is applied to two American subsidiaries operating in Pakistan. Findings reveal that these ‘new’ career concepts often coexist with, rather than replace, features of traditional, organizational careers both reflecting, and responding to, changing and dualistic individual, organizational and institutional values. Therefore, this paper suggests that all these three levels of analysis need to be considered in conjunction when analysing managerial career development in developing host countries.     

ECONOMICS AND THE DISTINCTION BETWEEN VOLUNTARY AND COERCIVE ACTION1

In economics, considerations of liberty are generally regarded as a secondary question of ‘policy implications’ and a matter of mere opinion. This essay rejects the relegation of liberty to such a status. It argues that the distinction between voluntary and coercive action, rooted in concepts of private ownership and consent, and forming the basis of liberty, should play a fundamental role in the way economic issues and arguments are formulated.     

解析小布什执政时期美国软实力的变迁

因其在发展中国家激发梦想和愿望的能力无人能比,美国一直拥有最强大的软实力。以追求霸权利益为目的,美国武力向外推行民主的外交政策和民主移植给目标国造成的破坏性后果激起了广泛的反美主义浪潮。世界高涨的反美情绪减弱了美国的软实力,而这正是美国引领世界所必需的。一轮接一轮的民意测验表明,美国的软实力已经衰退,尤其是在伊斯兰世界。理想主义的小布什把推进民主放在美国外交政策的优先地位,其受挫的教训把奥巴马引向了"巧实力"外交战略。     

Have a Go or Lay Low? Predicting Firms’ Rhetorical Commitment versus Avoidance in Response to Polylithic Governmental Pressures

This study extends prior research on corporate political behaviour (CPB) and firms’ pursuit of political legitimacy in response to monolithic government pressures by developing and testing a framework for analysis of CPB in response to polylithic pressures. We suggest that traditional forms of CPB may be ill-suited to polylithic governmental pressures, such as when firms need to navigate between conflicting home- and host-country political worldviews and policies. We posit that in such complex political situations, firms will turn to a more subtle form of CPB (i.e., rhetorical commitment versus avoidance) as a hoped-for solution to their international political legitimacy challenge. Our contingency perspective also highlights how geopolitical factors (i.e., whether governments of home and host countries are clearly aligned versus misaligned) will influence whether firms express their support for a home government’s foreign policy or avoid any such expression of support. We empirically test the predictive power of our framework by analysing how these political factors led Chinese firms to opt for rhetorical commitment versus rhetorical avoidance vis-à-vis the Chinese government’s Belt and Road Initiative (BRI). We conclude with a discussion of how our framework for analysis and our supportive findings can inform and extend research on CPB and political legitimacy.