Foreign finance for private sector development (PSD) has become popular with the donor community and in multilateral development policy fora, seen as an antidote for recipient economies' aid dependency and a way of accomplishing growth, poverty reduction and empowerment. This book analyzes the pattern of foreign finance for PSD and examines multilateral and bilateral donors' practices in PSD financing, giving special attention to microfinance and microenterprises. It also models and explains private capital flows from developed to developing countries and reverse flows in the form of capital flight.

'It seems that with each new book it issues, UNU-WIDER further establishes its reputation as the intellectual leader among international organisations.' -John Weeks, Professor of Development Economics, SOAS, University of London

Autorentext

OLUYELE AKINKUGBE Senior Lecturer in the Department of Economics at the University of Botswana PETER GIBBON Programme Leader at the Institute for International Studies (formally CDR), Copenhagen NIELS HERMES Teaches Economics at the Faculty of Management and Organization, the University of Groningen, The Netherlands. AYODELE JIMOH Senior Lecturer at the University of Ilorin, Nigeria ROBERT LENSINK Professor in Finance and Financial Markets at the Department of Finance, the University of Groningen, The Netherlands GEORGE MAVROTAS Research Fellow at UNU/WIDER, Helsinki, Finland VICTOR MURINDE Professor of Development Finance at the University of Birmingham, UK MACHIKO NISSANKE Reader in Economics at the School of Oriental and African Studies, University of London, UK LAU SCHULPEN Head of the Postgraduate Programme at the Centre for International Development Issues, Nijmegen

Inhalt
Foreign Financing of Developing Countries' Private Sectors: Analysis and Description of Structure and Trends; M.O.Odedokun Comparative Appraisal of Multilateral and Bilateral Approaches to Financing Private Sector Development; P.Gibbon & L.Schulpen Bilateral Official and Non-Governmental Organizations' Supports for Private Sector Development; A.Jimoh Multilateral Development Banks and Private Sector Financing: The Case of IFC; G.Mavrotas Donors' Support for Microcredit as Social Enterprise: A Critical Reappraisal; M.Nissanke Flow of Foreign Direct Investment in Developing Countries: A Two-part Econometric Modeling Approach; O.Akinkugbe Flight Capital and Its Reversal for Development Financing; N.Hermes , R.Lensink & V.Murinde The "Pull" and "Push" Factors in North-South Private Capital Flows: Conceptual Issues and Empirical Estimates; M.O.Odedokun