IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/54375.html
   My bibliography  Save this paper

Development Finance in the BRIC Countries

Author

Listed:
  • Abalkina, Anna
  • Libman, Alexander
  • Yu, Xiofan

Abstract

In recent years, BRIC countries have demonstrated high rates of economic growth, rapid increases in GDP per capita and growing capital accumulation, and have been playing an increasingly important role in the global economy. However, as middle-income countries (low-income in the case of India), BRICs still rely on development finance. Multilateral development banks (MDBs) have become an important source of external long-term capital available to BRICs. The objective of this paper is to examine the role of multilateral development banks in BRICs and to take a look at the banks’ operations as well as problems related to MDBs’ performance in BRIC countries.

Suggested Citation

  • Abalkina, Anna & Libman, Alexander & Yu, Xiofan, 2013. "Development Finance in the BRIC Countries," MPRA Paper 54375, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:54375
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/54375/1/MPRA_paper_54375.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Rana, P.B., 1998. "Surges and Volatility of Private Capital Flows to Asian Developing Countries: Implications for Multilateral Development Banks," Papers 19, Asian Development Bank.
    2. Dasgupta, Dipak & Ratha, Dilip, 2000. "What factors appear to drive private capital flows to developing countries? and how does official lending respond?," Policy Research Working Paper Series 2392, The World Bank.
    3. Ratha, Dilip, 2005. "Demand for World Bank lending," Economic Systems, Elsevier, vol. 29(4), pages 408-421, December.
    4. World Bank, 2009. "World Development Indicators 2009," World Bank Publications - Books, The World Bank Group, number 4367.
    5. Ratha, Dilip, 2001. "Complementarity between multilateral lending and private flows to developing countries : some empirical results," Policy Research Working Paper Series 2746, The World Bank.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chiara Broccolini & Giulia Lotti & Alessandro Maffioli & Andrea F Presbitero & Rodolfo Stucchi, 2021. "Mobilization Effects of Multilateral Development Banks," The World Bank Economic Review, World Bank, vol. 35(2), pages 521-543.
    2. Avellán, Leopoldo & Galindo, Arturo J. & Lotti, Giulia, 2021. "Sovereign external borrowing and multilateral lending in crises," International Review of Economics & Finance, Elsevier, vol. 74(C), pages 206-238.
    3. Pierre Jacquet & Jean-Michel Severino, 2004. "Prêter, donner : comment aider ?," Revue d'Économie Financière, Programme National Persée, vol. 74(1), pages 285-317.
    4. Ratha, Dilip, 2005. "Demand for World Bank lending," Economic Systems, Elsevier, vol. 29(4), pages 408-421, December.
    5. Ratha, Dilip, 2001. "Complementarity between multilateral lending and private flows to developing countries : some empirical results," Policy Research Working Paper Series 2746, The World Bank.
    6. Okada, Keisuke, 2012. "The effects of female HIV/AIDS status on fertility and child health in Cambodia," Journal of Asian Economics, Elsevier, vol. 23(5), pages 560-570.
    7. Augustin Kwasi Fosu, 2010. "The Global Financial Crisis and Development: Whither Africa," WIDER Working Paper Series wp-2010-124, World Institute for Development Economic Research (UNU-WIDER).
    8. Chia-Lin Chang & Thanchanok Khamkaew & Michael McAleer, 2012. "IV Estimation of a Panel Threshold Model of Tourism Specialization and Economic Development," Tourism Economics, , vol. 18(1), pages 5-41, February.
    9. Nicola Banks, 2014. "What works for young people's development? A Case Study of BRAC's Empowerment and Livelihoods for Adolescent Girls programme in Uganda and Tanzania," Global Development Institute Working Paper Series 21214, GDI, The University of Manchester.
    10. Bhagowalia, Priya & Chen, Susan E. & Masters, William A., 2011. "Effects and determinants of mild underweight among preschool children across countries and over time," Economics & Human Biology, Elsevier, vol. 9(1), pages 66-77, January.
    11. Independent Evaluation Group, 2008. "Independent Evaluation of IFC's Development Results 2008 : IFC's Additionality in Supporting Private Sector Development," World Bank Publications - Books, The World Bank Group, number 6576.
    12. Rosta, Miklós, 2013. "New Public Management: opportunity for the Centre, thread for the Periphery," MPRA Paper 68474, University Library of Munich, Germany.
    13. Cohen, Joseph N & Linton, April, 2010. "The historical relationship between inflation and political rebellion, and what it might teach us about neoliberalism," MPRA Paper 22522, University Library of Munich, Germany.
    14. an de Meulen, Philipp, 2011. "Labor Heterogeneity and the Risk of Expropriation in Less Developed Countries," Ruhr Economic Papers 298, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    15. Carlos Gaviria, 2011. "The Post-war International Food Order: The Case of Agriculture in Colombia," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 74, pages 119-150.
    16. Graus, Wina & Worrell, Ernst, 2011. "Methods for calculating CO2 intensity of power generation and consumption: A global perspective," Energy Policy, Elsevier, vol. 39(2), pages 613-627, February.
    17. Decancq, Koen & Ooghe, Erwin, 2010. "Has the world moved forward? A robust multidimensional evaluation," Economics Letters, Elsevier, vol. 107(2), pages 266-269, May.
    18. Axel Michaelowa & Katharina Michaelowa, 2011. "Climate business for poverty reduction? The role of the World Bank," The Review of International Organizations, Springer, vol. 6(3), pages 259-286, September.
    19. Joan Esteban & Massimo Morelli & Dominic Rohner, 2015. "Strategic Mass Killings," Journal of Political Economy, University of Chicago Press, vol. 123(5), pages 1087-1132.
    20. Valentina Vasile, 2009. "Minimum Wage Institution In The Financial And Economic Crisis. Policies And Practices.," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(11), pages 1-2.

    More about this item

    Keywords

    Development finance; multilateral development banks; BRIC;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:54375. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.