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ID:
125010
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2013.
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| Summary/Abstract |
This paper analyses the real GDP growth and inflation forecasts prepared by the International Monetary Fund, the Organization for Economic Cooperation and Development, and the private forecasters between 1999 and 2010. The empirical results show that the long-term growth forecasts were inferior to a naïve model and were biased. The average of a number of short-term private forecasts dominated those made by the international organisations.
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| 2 |
ID:
131888
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| Publication |
2014.
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| Summary/Abstract |
In the 1990s Multilateral Development Banks created accountability mechanisms (AMs) that allowed people affected by development projects redress. Currently undertheorized, this paper examines how and why the Asian Development Bank (ADB) created an AM, and whether the AM serves its purpose to hold the ADB to account and to provide 'fair hearing of the views of the affected group'. This article argues that the ADB created a new AM because of institutional isomorphism, borrowing the idea of the AM from the World Bank as a result of coercive and mimetic isomorphic processes. Further, that the ADB introduced a mechanism ill-suited to the pre-existing (old) organizational culture of the ADB, which is based on consensus and hierarchical rule-following in the context of ADB operations to further economic growth while upholding state sovereignty. Despite its restructure and recent review, the mechanism's weakness was revealed through a stand-off between China and the AM over an investigation begun in 2009 (creating something 'blue'). The paper concludes that the AM's ability to serve its purpose will remain hampered as long as ADB maintains consensus around economic growth and state sovereignty over providing recourse to affected people.
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| 3 |
ID:
133216
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2014.
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| Summary/Abstract |
According to the Asian Development Bank (ADP), the sheer dearth of a developed transport framework, coupled with an ever-persistent law and order problem has rendered Karachi one of the world's most 'unlivable' cities. The reality is that apart from the dearth of a healthy transport system and an abysmal law and order situation, Karachiites have to deal with the criminal rules of the existing transport game controlled by the city's transport mafia.
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