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Infrastructure and Economic Growth in Asia

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Book Series: Economic Studies in Inequality, Social Exclusion and Well-Being ISSN: 2364107X ISBN: 9783319031361 9783319031378 Year: Pages: 148 DOI: 10.1007/978-3-319-03137-8 Language: English
Publisher: Springer Nature
Subject: Business and Management --- Manufactures --- Economics
Added to DOAB on : 2014-02-10 16:18:02
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Public spending on infrastructure plays an important role in promoting economic growth and poverty alleviation. Empirical studies unequivocally show that under-investment in infrastructure limit economic growth. At the same time, numerous other studies have shown that investment in infrastructure can be a highly effective tool in fighting poverty reduction1. In that context, the financing of infrastructure has been a critical element of most economic growth and poverty reduction strategies in developing countries, since the start of this millennium. This book provides a comparative analysis of the aggregate and sectoral implications of higher spending on infrastructure in three very different Asian countries: China, Pakistan, and the Philippines. Particular attention is paid to the role of alternative financing mechanisms for increasing public infrastructure investment, namely distortionary and non-distortionary means of financing. The book will be of interest to scholars and policy-makers concerned with economic growth in developing countries.

Microfinance 3.0: Reconciling Sustainability with Social Outreach and Responsible Delivery

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ISBN: 9783642417030 9783642417047 Year: Pages: 199 DOI: 10.1007/978-3-642-41704-7 Language: English
Publisher: Springer Nature
Subject: Manufactures --- Business and Management
Added to DOAB on : 2014-02-28 09:49:18
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This book focuses on the achievements, current trends and further potential of microfinance to scale-up and serve many more clients with financial services that enable them to improve their living conditions. The book asks what it takes to achieve sustainable impact: to know your clients and to understand their needs, to treat them in a fair and transparent way, and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds light on the future funding landscape and what is necessary to bring more commercial funders on board while ensuring that these new funders will continue the commitment to responsible finance. While being forward looking, the book reflects the debate on core values of microfinance, triggered by recent criticisms of an approach that was hailed as a panacea in the beginning and which had proved over time as one of the most effective models of development finance. These criticisms emerged over signs of overheating in some markets, particularly the 2010 events in Andhra Pradesh, and turned into an assumption of a worldwide microfinance crisis, putting seriously at stake the good reputation microfinance had enjoyed so far.

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