Economic Reconstruction and Development
Economic Reconstruction and Development
Economic development is a basic requirement for the long-term viability of internationally administered territories. Discusses what is often a triple challenge for transitional administrators: physical reconstruction, structural transformation, and economic development, each with its own conceptual framework and approach. Overcoming this triple challenge requires a degree of co-ordination among external parties that can be difficult to achieve because of the inherent autonomy of the key actors involved: donor states, regional and international aid agencies, and development banks. A further difficulty arises when the strategic aims of the external actors are not shared by the local parties. Organized crime, corruption, and black- and grey-market activities can also pose serious threats to economic recovery.
Keywords: aid, conditionality, corruption, development, economic reconstruction, monetary and fiscal policy, organized crime, physical reconstruction, privatization
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