Development Finance: Challenges and Opportunities

Description

This book provides an in-depth overview of the most salient aspects of development finance. It critically reviews the current state of relevant literature on this topic and assesses both the challenges and the opportunities presented by the various forms of finance for development. Chapters from expert contributors examine a range of topics from the link between finance and growth and finance and misallocation, the relationship between financial illiteracy and lack of legal titles on access to finance, to the role of governments in the financial system and the role of overseas development assistance, remittances, microfinance, foreign direct investment (FDI) and stock exchanges on development. This book offers a good point of reference for postgraduate and PhD students and will appeal to researchers in this field. Front Matter ....Pages i-xxi Introduction (Gianluigi Giorgioni)....Pages 1-17 Issues and Challenges: An Assessment of the Empirical Evidence (Gianluigi Giorgioni)....Pages 19-51 Government Intervention and Financial Sector Development (Rashmi Arora)....Pages 53-78 Overseas Aid as an Instrument of Development Finance (Paul Mosley)....Pages 79-110 Migrant Remittances and Beyond: The Development Implications of Human Capital Mobility and Accompanying Financial Flows (Ralitza Dimova)....Pages 111-145 Multinational Enterprises and Economic Development in Host Countries: What We Know and What We Don’t Know (Rajneesh Narula, André Pineli)....Pages 147-188 The Impact of Microfinance on Poverty Alleviation: Making Sense of the Evidence (Supriya Garikipati)....Pages 189-206 The Stock Market Development and Economic Growth Puzzle: Empirical Evidence from Africa (Gideon Boako, Paul Alagidede)....Pages 207-240 Conclusion (Gianluigi Giorgioni)....Pages 241-257 Back Matter ....Pages 259-261