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The chapter provides a radiography of the 2014–2020 Cohesion Policy, focusing on both main continuity and innovation elements (in terms of objectives, implementation rules and financial allocations) and on some of the likely effects of the current rules on the new European Union (EU) non-euro member countries. The closer link between EU funds and EU economic governance, which has been introduced in the current financial period, has the potential to influence negatively the evolution of the EU regional development disparities, especially in the EU eastern periphery. These new conditionalities (ex-ante and macroeconomic), whose main effects, in the case of non-compliance, would be the suspension of EU funds, might deteriorate even more the economic situation, particularly in those regions with the greatest needs in terms of infrastructure or administrative capacity. The Romanian case is particularly relevant for this debate.

The Asian Monetary Fund, proposed during the 1997–1998 Asian Financial Crisis, was an attempt by East Asian nations to develop collective policy responses to financial crises and provide rapid distribution of emergency funding. It was envisaged that policy prescriptions would exhibit greater regional sensitivity and prevent contagion. The proposal was rejected because of the perceived perpetuation of moral hazard, duplication and conflict with the International Monetary Fund and belief that historical disunity would prevent successful collaboration. This paper advocates, in the context of international financial architecture reform, enhanced East Asian regionalism is crucial to prevent and manage future financial crises.

The question discussed in this paper is whether foreign aid can help accelerate growth in African countries. The paper reviews growth determinants and growth constraints in Africa and discusses how aid can help relieve the constraints. Issues covered are the choice of aid modalities, donor coordination, conditionality, and international integration. A key question addressed is how aid should be organized not to overburden the recipient system and to provide incentives for policy makers to perform. The paper also touches upon the need for international trade reforms and public goods investments.

Globalization has become such an all-encompassing concept that it is almost meaningless. However, most scholars recognize that the term conveys in some manner or form a shrinkage of time and space such that events happening in one part of the world have the potential to impact other locales (Giddens, 1999; Held, 1991). Beyond this most basic meaning, it is hard to find any agreement on what the term actually conveys or when in fact the world actually entered a global age (Morrow & Torres, 2000). Given the vagueness of globalization as a concept, the challenge then is to be as clear as possible in discussing various forces related to globalization that may impact a particular phenomenon under study. In the case of this chapter, the phenomenon of interest is university transformation in the developing world.

This chapter analyzes changes in the allocation of child labor within the household in reaction to exogenous shocks created by a social program in Nicaragua. The chapter shows that households that randomly received a conditional cash transfer (CCT) compensated for some of the intra-household differences, as they reduce child labor more for older boys who used to work more and for boys who were further behind in school. The results also show that households that randomly received a productive investment grant targeted at women, in addition to the basic CCT benefits, show an increased specialization of older girls in nonagricultural and domestic work, but no overall increase in girls’ child labor. The findings suggest that time allocation and specialization patterns in child labor within the household are important factors to understand the impact of a social program.

In this chapter, we reexamine the notion that socially responsible behavior by firms will lead to increased financial performance. By identifying the underlying processes, institutional settings, and actors involved, we present a framework that is more attentive to the multiplicity and conditionality of the mechanisms operating in the often tenuous connection between firms’ social behavior and financial performance. Building and expanding upon existing analyses of the CSP–CFP linkage, our model helps to explain the mixed results from a wide range of empirical studies which examine this link. It also provides a novel theoretical account to help guide future researches that are more attentive to conditionalities and contextual contingencies.

Virtually, all countries in sub-Saharan Africa (perhaps with the exception of South Africa) have still not achieved the economic, social and political self-sufficiency that the pioneers of decolonization had envisaged by the closing years of the millennium. Despite the active presence of the World Bank (WB) and non-governmental organizations (NGOs) on the sub-region development scene, initial gains immediately after colonial rule have disappeared, resulting in economic and social stagnation and, in extreme cases, disintegration (Sierra Leone, Democratic Republic of Congo and Liberia). According to the United Nations Development Program (UNDP) (1996, 2000) in many post-colonial countries, real per capita Gross Domestic Product (GDP) has fallen and welfare gains achieved since independence in areas like food consumption, health and education have declined. As a whole, in sub-Saharan Africa, per capita incomes dropped by 21% in real terms between 1981 and 1989.¹ Madagascar and Mali now have per capita incomes of $799 and $753, down from $1,258 and $898 twenty-five years ago. In 16 other sub-Saharan countries per capita incomes were also lower in 1999 than in 1975.² Nearly one-quarter of the world's population, but nearly 42% of the population of sub-Saharan Africa, live on less than $1 a day. Levels of inequality have also increased dramatically worldwide. This phenomenon is vividly reflected in the well-known graphic presentation of the UNDP (1992) in Fig. 1.