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Publication IconAlliance Curse: How America Lost the Third World
May 1, 2008
Books
Hilton Root

In Alliance Curse, Hilton Root illustrates how misguided foreign aid policy can backfire, stunting rather than advancing political and economic development, and poisoning relations instead of capturing hearts and minds. Partnering with dictators can produce perverse disincentives for those regimes to govern for prosperity, resulting in corruption, economic failure, and instability. These policies contradict America’s image as the champion of freedom and democracy, making the developing world even more wary of its intentions.


Microfinance in Action: The Phillipine ExperienceMicrofinance in Action: The Philippine Experience pdf
February 3, 2005
Mercatus Policy Series
Frederic Sautet, Stephen Daley
For the past 20 years, the Philippines has served as a natural experiment for microfinance. As one of the oldest and most active microfinance environments in the world, the Philippines has much to teach about the potential for microfinance to alleviate poverty, and to serve as a stepping stone to prosperity.

Publication IconEthnic Enterprise Governance pdf
December 30, 2004
Working Papers
Anthony J. Evans
This working paper is an examination of the important aspects of voluntary governance structures and community associations.

Publication IconAlternative Measures of the Effectiveness of Micro Finance Organizations pdf
September 14, 2003
Working Papers
Stephen Daley
The current microfinance industry measurement standards rely on three benchmarks for assessing the effectiveness of microfinance organizations. While the limits of these benchmarks are acknowledged in the micro finance literature, there has been no consensus regarding alternative approaches. They are generally accepted in practice both by donors to, and operators of, microfinance organizations. They are: Repayment rate, outreach, and loan portfolio. The following tool offers an improved set of measures to more effectively assess the effectiveness of these organizations. It should be applied before decisions regarding intervention in the micro finance sector are undertaken.

Publication IconAssessing Microfinance and the USAID MABS Program in the Philippines pdf
September 12, 2003
Working Papers
Jocelyn Badiola, Stephen Daley
Moving from institutions that promote personal exchange to those that promote market-based, impersonal exchange requires changes in the basic institutions of property and contract. Microfinance (MF) is having a real impact on the lives of individuals. But if mismeasured, the true benefits and value of MF may not be fully recognized and policy decisions may, with the best intentions, upset what is currently a delicate balance.

Publication IconOnce Were Iwi? A Brief Institutional Analysis of Maori Tribal Organisations Through Time
Working Papers
Frederic Sautet
This paper argues that iwi were a rational - and successful - response to the challenges of the pre industrialised world.

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