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Showing posts with the label Capital flows

Mount of Goodwill

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In peace We are made In toil We are slaves In truth We are game In tales We are seen In vision We are built In profit We are cars In faith We are strong In melody We are fooled In love We are free In hate  We are bound In light We are sorted In night We are lame In thanks We are sealed In discontent We are out In street We are called In thought We are named In front We are icons In rear We are students  In now We are known In then We are unveiled In copies We are stale In motion We are stars In nature We are bountiful In trains We are paid

Kinship Remittances Are Thicker Than Water

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A well-known medieval proverb alludes that blood is thicker than water. This saying is usually taken to mean that family relationships and loyalties are the strongest and most important ones.  Even though inhumane cultures and unwholesome media impressions have done a lot to desecrate strong family values in modern times, this proverb retains potent practicalities. A vivid illustration can be seen in the trend of capital flows to developing countries.  For many capital-poor economies, international capital injections, in forms of official development assistance (ODA), foreign direct investment (FDI), portfolio debt and equity flows, and remittances, are critical oils in the wheels of national development. In recognition of this, many low- and middle-income country governments, in their characteristic top-bottom approach, embark on intensive investment promotion campaigns as well as structural reforms to court the benevolence of aid donors. While such efforts may have yielded staggering