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This paper investigates the internationalization of consulting providers that supply to multilateral institutions such as the World Bank, United Nations and Asian Development Bank. Previous research has identified that such clients do play a notable role in the internationalization of some consulting firms, but little empirical research has been undertaken. In this paper, a “network” approach to internationalization is taken, with the findings from an interview study suggesting that while consulting providers “follow” multilateral institutions to new markets, this is only one of several “relationship strategies” that firms use in combination to enter and develop foreign markets.

This chapter will examine the interplay among actors who took part in the process of consensus building towards a post-2015 education agenda via different channels of global governance, including both formal and informal channels.

Most of the forums and entities established as part of the global governance structure are composed of representatives from UN or UNESCO member states, civil society organizations (CSOs) and UN agencies. However, each of these categories has diverse constituent groups; representing these groups is not as straightforward a task as the governance structure seems to assume. Therefore, based on interviews and qualitative text analysis, this chapter will introduce major groups of actors and their major issues of concern, decision-making structure, mode of communication and relationship with other actors. Then, based on an understanding of the characteristics of the various channels and actors, it will present the structural issues that arose during the analysis of post-2015 discourse and the educational issues that emerged as the shared concerns of the ‘education community’. While most of the analysis to untangle the nature of discourse relies on qualitative analysis of texts and interviews, the end of this chapter will also demonstrate the trends of discourse in quantitative terms.

What was the post-2015 discourse for the so-called education community, which in itself has an ambiguous and virtual existence? The keywords post-2015 and post-EFA provide us with an opportunity to untangle how shared norms and codes of conduct were shaped at the global scale.

Participation in cross-national assessment is becoming a global phenomenon. While there were only 43 countries that participated in the Programme for International Student Assessment (PISA) in 2000, the number of participating countries/economies has increased to 65 in 2009. To understand this global trend, this chapter seeks to answer the following research questions: What are the real incentives for developing countries to participate in cross-national assessments? What do they gain from actual participation in cross-national assessments, given that there are many constraints and barriers associated with test participation? It employs country-level fixed effects to test the hypothesis that there is a positive association between participation in cross-national assessments and foreign aid to education. This study shows that countries that participate in major cross-national assessments receive, on average, 37 percent more foreign aid to education than countries that do not participate in major cross-national assessments, while holding all other variables constant. Although further research is necessary to make a causal warrant of the association between participation in cross-national assessment and education aid, the results of this study have great implications for developing countries that are considering participating in cross-national assessments.

The purpose of this paper is to develop a better understanding of the debt structuring of project finance (PF) loans and the main drivers affecting the maturity of bank loans in infrastructure deals. When banks grant loans to a project, they have two decision variables: the interest margin or the spread and the maturity of the loan. Although several studies analyze the drivers of the spread, few studies in the literature look at the maturity of bank loans. As infrastructure projects are typically highly leveraged, the structuring of bank lending is an important parameter in the financial viability of the project.

The paper develops a regression analysis of the loan’s maturity on four categories: characteristics of the project, political risk of the country where the project is executed, the macro-economic setting and the regulatory framework. By using a new data set of InfraDeals containing data on bank loans of more than 1,800 infrastructure projects worldwide from 1997 to 2016, this paper reveals new insights on the debt structuring of banks for PF loans.

The results indicate that the maturity of bank loans granted to infrastructure deals is predominantly driven by political risk and regulation, rather than the structuring of the project. This implicates that the region where the deal is closed weighs more heavily than the specificities of the project itself.

The results have important policy implications. The paper allows to develop a better understanding on how political risk and new regulation, like Basel III, might affect the PF market. The paper is the first one finding empirical evidence of the impact of Basel III regulation on PF lending. By delving deeper into the political risk variable, the authors formulate several recommendations to mitigate political risk.

This paper aims to analyze the potential and limitations of donor-financed management tools that seek to promote corporate social responsibility (CSR) in small and medium-sized enterprises (SMEs) in developing countries. Drawing on key insights from three streams of literature relating to institutional theory, critical perspectives on CSR in developing countries and the literature on CSR and SMEs in the developing world, the potential and limits of donor-financed management tools aimed at promoting CSR in developing country SMEs are analyzed.

Using official UN and Organization of Economic Cooperation and Development lists of all multilateral and bilateral donor agencies, 38 donors that might have produced such CSR tools were identified. The authors contacted them via e-mail and/or telephone, and conducted an extensive Internet search with the aim of identifying whether they had developed management tools aimed at promoting CSR in SMEs in developing countries. The authors then scrutinized the contents of the 11 tools identified and examined the extent to which these tools accord attention to contextual differences and specific peculiarities of institutional environments in developing countries; the extent to which these tools account for the silent or sunken aspects of CSR which have been prominently highlighted in the SME – CSR literature; and the extent to which these tools accord attention to the paramount concern for poverty alleviation in developing countries.

Overall, the analysis testifies to the continued predominant orientation of these tools to the context of larger firms in developed countries, with insufficient tailoring or customization to the specific realities of SMEs in the South.

In-depth interviews with aid agency personnel, SMEs, workers or community members were not conducted. Hence, this study should be seen as an initial, exploratory desk study of the potential and limits of management tools aimed at promoting CSR in SMEs in the developing world.

It is suggested that donor agencies could develop such tools in a bottom-up fashion by first mapping the silent CSR practices of SMEs in developing countries and then use this as a basis for strengthening existing CSR activities in SMEs instead of trying to impose new priorities from the outside. This might enhance the local relevance and applicability of these management tools.

The study is likely to be the first analysis of the potential and limits of management tools that are developed by donor agencies with the aim of promoting CSR in SMEs in developing countries.

The purpose of this paper is to contribute to knowledge and theory building in youth empowerment and entrepreneurship development.

This paper critically examines the Youth Enterprise with Innovation in Nigeria (YouWiN) programme and its relevance as a youth economic empowerment programme through the lens of the UNDP Youth Strategy entry points for promoting economic empowerment of youth and extant literature on critical youth empowerment using participatory development theories.

While YouWiN is a significant intervention towards entrepreneurship development, it presents some flaws and limitations in the design and implementation process, which may challenge sustainable economic development. Hence, there is a need to explore the millennials empowerment paradigm in light of three key complementary action-oriented approaches to youth entrepreneurship development.

This paper proposes three key complementary action-oriented approaches to youth entrepreneurship policy/programme design, implementation and evaluation for the multilateral agencies, private and voluntary sectors. These are in the form of facilitating participatory engagement and diversity, managing drivers (push/pull factors) of entrepreneurship, and ensuring access to enablers/support. There is the need for further debate and critical inputs to improve theory building towards a normative framework in youth empowerment and entrepreneurship. This contributes to ending poverty, and promoting intergenerational equity and sustainable development.

Capacity development in fragile environments in Africa has often proven to be a complex undertaking. This has largely been because of existing knowledge gaps on what exactly causes fragility of states, the economy and society. The liberal peace development model that generally informs post‐conflict reconstruction and capacity development has a limited conception of fragility by narrowly focusing on the national dimensions of the problem, promoting donor‐driven solutions, emphasizing minimal participation of beneficiary actors in the identification and prioritization of capacity development needs, and by subcontracting the design and management of projects and programs. The resulting capacity development impact has generally been disappointing. In the absence of homegrown strategic plans, stakeholder participation and ownership, international development partners have all too often addressed capacity gaps by financing training, supply of equipment and professional exchanges of parliamentarians and parliamentary staffers. These efforts usually achieved their presumed number targets but tended to ignore addressing the larger issues of political economy within which capacity development take place. However, the recent re‐conceptualization of parliamentary capacity development as a development of nationally owned, coordinated, harmonized, and aligned development activities seems to be gaining growing attention in Africa. As the experience of Rwanda eloquently demonstrates, capacity development is essentially about politics, economics and power, institutions and incentives, habits and attitudes – factors that are only partly susceptible to technical fixes and quantitative specifications. These structural factors have to be negotiated carefully and tactfully.

India launched Smart City Mission in 2015 with an objective of development of 100 smart cities with a completion deadline in 2019 that was extended till June 2023. Smart City Mission is an important mission in the backdrop that urban population in India is projected to be 67.55 crore in 2035 from 48.30 crore in 2020. Further, by 2035, the percentage of population in India at mid-year residing in ‘urban area’ will be 43.2% as per the United Nations – Habitat's World Cities Report 2022 and it will be just next to China's urban population in 2035 that is projected at 1.05 billion. A recent World Bank report (2022) estimated that India will need to invest US (United States) $840 billion over the next 15 years, i.e. US $55 billion per annum – into urban infrastructure if it has to effectively meet the needs of its fast-growing urban population.

This chapter focuses on financing of sustainable smart cities in India. This chapter summarises financing options explored by the government in the beginning, challenges faced in financing of Smart City Mission in India over a period due to various developments such as pandemic, delay in execution of projects under the Smart City Mission, among others. Finally, suggestions have been given for making financing means effective and sustainable. These suggestions are based on the gaps between the ‘financing means thought of’ in the beginning and ‘financing means actually applied’ while executing Smart City Mission in India. Financing part is worth exploring in the background that India had the fiscal deficit at 3.9% of Gross Domestic Product (GDP) in 2015–2016 and most recently, the country had the fiscal deficit at 6.71% of GDP in FY22. And the country also dealt with the pandemic like other economies and provided COVID-19 vaccine free of cost to all citizens. Insights are useful for any other economy with a similar sustainable and smart city mission while facing resource constraints.

The importance of reliable and well‐developed infrastructure for the development of any nation hardly needs to be emphasized. Efficient transport, reliable energy, safe drinking water and modern telecommunication systems are all critical to attracting foreign direct investment (FDI), expanding international trade, achieving long‐term investment and growth, and ultimately ensuring social development of the population. Although globalization was expected to ensure that global capital markets, which have the depth, maturity, size and sophistication to fund all viable investments would ease financing of infrastructure projects, this has not happened and demand for infrastructure, particularly in the developing countries has remained acute. This paper reviews the financing of infrastructure projects and based on historical trends it argues that construction industries need to take more active part in the financing of infrastructure projects as a strategy for their own development. It concludes by emphasizing the importance of putting infrastructure industries on commercial footing as a prerequisite to financing them.

Taking a transdisciplinary viewpoint, the authors synthesize the literature on the theoretical, methodological, and epistemological issues in the study of corruption as a construct in project management (PM) as applied to IDPs. While the study of corruption has focused on “who and why” to help understand corruption's occurrence, there is a lack of analysis on “where and how” to ensure corruption's prevention and improve PM to better support delivery actors. The authors rely on four theoretical frameworks to help interpret evidence and formulate a coherent model for managing project socio-cultural context: organizational interests theory (OIT), principal-agent theory (PAT), culturalist theory (CT) and institutional theory (IT).

International development projects (IDPs) have become very complex with greater diversity of donor agencies and aid delivery actors. The relative lack of success of development aid has been linked in part to corruption at various levels. PM methods are essential to help prevent this behavior. To assess the complexity of this problem, the authors completed a grounded theory research based on thirty interviews with international development experts, balancing representation from donor and receiving countries, as well as project managers in public and private sectors. Data are analyzed using a qualitative sorting process using the software NVivo.

Results show that PM, beyond PM's practical nature and technical focus, can offer numerous opportunities to prevent corruption impact on project actors, even in a context where anti-corruption initiatives may be perceived as less effective. The authors present an original theoretical model that illustrates which actors, events and context are related and linked in the dynamic efforts to understand and combat corruption in international development endeavors. Context is linked to dynamics: foreign aid cycle, capture opportunities, context pressures, personal damages done, and control mechanisms exercised.

The outcomes and quality of IDPs remain highly controversial, especially with perception of corruption by various stakeholders. Some experts recognize the inefficacy of applying classical PM tools and processes. By contrasting findings to the literature, the authors conclude that an alternative approach to overcome the taboos and prejudices in studying corruption is to ask a different research question. A research agenda is proposed for solving this phenomenon. To guide PM research on development projects, focusing on the “where and how” of corruption requires addressing how actors build their knowledge management capabilities, and address the social and cultural challenges inherent to IDPs.