Foreign aid distorting effects: an empirical assessment for Sub-Saharan Africa

Pacifique, Mongongo Dosa; Vázquez, Sergio Tezanos; Molenaers, Nadia

doi:10.33776/rem.v0i53.3924

Cited by 3 publications

(1 citation statement)

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“…The first, with almost 20 works, includes those that analyze the high level of indebtedness that countries generally present and, given that situation, the need to increase public spending when dealing with the COVID-19 crisis (Albert & Tercero-Lucas, 2020;Ruiz, 2020;Cruz et al, 2020;Carrasco & Tovar-García, 2020). Other studies in this block analyze the effect of the monetary policy applied during the 2008 crisis on the profitability of sovereign debt (Borrallo & Hierro, 2015), and how development aid influences the debt sustainability of countries in sub-Saharan Africa (Mongongo et al, 2019).…”

Section: Display Of the Topicsmentioning

confidence: 99%

Thematic and Conceptual Analysis of the Journal of World Economy (Revista de Economía Mundial) Using SciMAT

Moral-Pajares,

Cobo-Martín,

Caviedes-Conde

et al. 2023

REM

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This paper carries out a bibliometric study of the Journal of World Economy (Revista de Economía Mundial) for the period 2008 to 2021 using the SciMAT software, with the aim of discerning how the published research has evolved and the main areas of study have developed, as well as to indicate future lines that could be prioritized. The results obtained reveal that “economic growth” has been the journal’s main theme through the entire period and that “European Union” has been the basic area of research. At the same time, few articles have referred to highly topical issues such as the green transition of the world economy.

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Section: Display Of the Topicsmentioning

confidence: 99%

Thematic and Conceptual Analysis of the Journal of World Economy (Revista de Economía Mundial) Using SciMAT

Moral-Pajares,

Cobo-Martín,

Caviedes-Conde

et al. 2023

REM

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The cost of a fair and sustainable COVID-19 grant for the world’s poorest economies

Kamin

Clements

2021

Sustainability: Science, Practice and Policy

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The emerging-market and developing economies face a multitude of grave challenges as they confront the COVID-19 pandemic, including a critical lack of budgetary space. In this context, many policymakers and economic analysts have highlighted the need to bolster the lending capacity of international financial institutions. But for most of the world's poorest economies, further borrowing would push their debt to unsustainable levels. Accordingly, the latest projections of the International Monetary Fund (IMF) show the advanced economies widening their budget deficits by 11.1% of gross domestic product (GDP) in 2020 to provide fiscal stimulus and help combat the pandemic. By contrast, the lowest-income economies are expected to expand their deficits by a mere 2.2%. What many of these countries require is not more lending but greater assistance in the form of grants. Providing additional grants makes sense from an ethical perspective and would lead to more sustainable economic development, while also benefitting the advanced economies by boosting global economic growth. In this policy brief, we estimate the cost of providing the world's poorest economies with grants sufficient to allow them to undertake just half the fiscal expansion being implemented in the advanced economies. Our results indicate that this comes out to a very manageable US$308 billion, or 0.6% of the combined GDP of the advanced economies.

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Poverty in Sub-Africa: Reflecting on the Failure of International Global Governance

Gwandu

2022

sho

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The paper studies the phenomenon of poverty in underdeveloped/third-world countries, particularly within the context and the failure of international organizations in Sub-Saharan Africa. The article analyzes that the increasing problem of poverty in the region’s countries/Africa is a replication of the failure of the organizations such as the IMF and the World Bank policies such countries. Despite some projects such as Millennium Development Goals (MDG), Sustainable Development Goals (SDG), and many more by the United Nations. Many of these programs have failed to eradicate or reduce poverty. Instead, the situation has worsened most, especially in Africa, where the rate of poverty is increasing, with several regions in the continent experiencing the worse hunger epidemic in recent times. Therefore, the research posits that the failure of international institutions, the World Bank, and IMF policies have immensely become a significant contributing factor to the poverty level in Sub-Saharan Africa.

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Foreign aid distorting effects: an empirical assessment for Sub-Saharan Africa

Cited by 3 publications

References 20 publications

Thematic and Conceptual Analysis of the Journal of World Economy (Revista de Economía Mundial) Using SciMAT

Thematic and Conceptual Analysis of the Journal of World Economy (Revista de Economía Mundial) Using SciMAT

The cost of a fair and sustainable COVID-19 grant for the world’s poorest economies

Poverty in Sub-Africa: Reflecting on the Failure of International Global Governance

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