Paul Mosley

The economic history of developing countries, particularly the former colonies, has become polarized between two ideologies. The apologists for colonialism have emphasized the stimulus given to the indigenous economy by the introduction of foreign capital; the 'underdevelopment theorists' have turned this interpretation on its head and represented the relationship as being, particularly in 'settler colonies' such as Kenya and Zimbabwe, one not of stimulus but of rape and plunder. In this study, Dr Mosley considers the economies of colonial Kenya and Southern Rhodesia and argues, in the light of recently assembled statistical data, that the truth is more complex than either of these simple interpretations allows. At the level of policy, most white producers acknowledged that they could not afford to let 'white mate black in a very few moves': they needed his cheap labour, cattle and maize too much to wish to damage seriously the peasant economy that sustained them.

Studies in the Economic History of Kenya and Southern Rhodesia 1900-1963

The Settler Economies

Jane Harrigan

John Toye

When the major aid organizations made flows of aid conditional on changes in policy, they prompted an extensive debate in development circles. Aid and Power has made one of the most significant and influential contributions to that debate. This edition has been revised to take account of changes within the World Bank itself and the extension of policy based lending to the formerly socialist economies of east and central Europe.

The World Bank and Policy Based Lending

Aid and Power - Vol 1

Pamela Lenton

The persistence of poverty hurts us all, and attacking poverty is a major policy objective everywhere. In Britain, the main political parties have an anti-poverty mandate and in particular an agreed commitment to eliminate child poverty by 2020, but there is controversy over how this should be done. This book addresses one of the main causes of poverty, financial exclusion – the inability to access finance from the high-street banks. People on low or irregular incomes typically have to resort to loan sharks, ‘doorstep lenders’ and other informal credit sources, a predicament which makes escape from the poverty trap doubly difficult. Over the last fifteen years, a strategy of breaking down the poverty trap has been implemented, known in the UK as community development financial institutions (CDFIs), typically non-profit lending institutions focussed on the financially excluded, and seeking to learn from the achievements of microfinance around the world. Focussing on the period 2007-09, during which the UK went into a global recession, this book investigates how CDFIs work and how well they have helped low-income people and businesses to weather that recession. Based on a study of eight CDFIs in four UK cities, we ask: what ideas for overcoming financial exclusion have worked well, and which have worked badly? What can we learn from the experience of these CDFIs which can help reduce poverty in this country and globally? We assess the impact of CDFIs using a range of indicators (including income, assets, education, health) and ask what changes in policy by both CDFIs and government agencies (for example, benefits agencies) might be able to increase impact. Some of the key lessons are: CDFIs need to work with appropriate partners to build up savings capacity in their clients; the community environment is vital in determining who escapes from the poverty trap; and CDFIs can never function properly unless they learn how to control their overdue debts. This book will be vital reading for those concerned with social policy, microfinance and anti-poverty policies in industrialised countries and around the world.

Overcoming Deprivation in the Inner City

Financial Exclusion and the Poverty Trap

It is widely accepted that natural resource wealth, especially in the form of oil and minerals, can be a key factor in inhibiting economic development. Many of the countries that are richest in natural resources – including oil, metals and diamonds – are amongst the world’s poorest. Why? Fiscal Policy and the Natural Resources Curse re-examines this ancient, unsolved puzzle, asking why many governments of natural resource-intensive countries are incapable, in a globalised world, of dealing with the natural-resource curse. This book offers a detailed analysis of the power-relationships which underpin the natural resource curse, using both statistical analysis and country case studies from Africa and Latin America to pinpoint the strategies that have enable developing countries to break out of the poverty trap. The book differs from other works on this subject, as it not only identifies the issues at stake but also offers solutions in the form of a series of suggested policy measures. The work focusses in particular on fiscal escape routes, namely measures to develop and diversify the tax system, and to reallocate and target public expenditure. This volume will be of great interest to scholars of economic development, the economics of natural resources and economic growth as well as all those with an interest in development, global politics and anti-poverty policies.

How to Escape from the Poverty Trap

Fiscal Policy and the Natural Resources Curse

Elizabeth Dowler

Over the past decade there has been a worrying increase in poverty in the industrialised countries of the "North", while many of the developing countries of the "South" have experienced some improvement. This collection argues that there are a number of likenesses between the predicaments of North and South, and that these warrant further investigation and analysis.

Essays on Social Policy and Global Poverty Reduction

Poverty and Exclusion in North and South

David Hulme

Over the last decade, the theory that poverty in the world's poorest regions could be alleviated by providing small loans to micro-entrepreneurs has become increasingly popular. This volume examines the effectiveness of this theory when put into practice. The book presents empirical evidence drawn from comparative experiences in seven developing countries and produces some startling conclusions. This work should be essential reading for all those interested in development, poverty-reduction, social welfare and finance. Volume One provides a detailed analysis of this theory and offers policy recommendations for practitioners in the field.

Paul Mosley

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