Building a Modern Financial System: The Indonesian Experience (Trade and Development)

Building a Modern Financial System provides a unique "inside" account of all aspects of the Indonesian financial system over the past three decades, indicating policies adopted, their effects, and the pressures that influenced policy choices. Indonesia provides an interesting example of financial modernization: it was considered a "hopeless case" in the mid 1960s, after which it maintained a balanced fiscal policy and largely unrestrained foreign capital movements up until the recent upheavals of the mid 1990s.

Business & Money

Cole, David C.

Slade, Betty F.

Economics

Cambridge University Press

In a remote area of Sudan, the Abyei project embodied the idealistic hopes of the "new directions" for development aid of the late 1970s and early 1980s. Within this optimistic context, Harvard Institute for International Development was invited to assist the leaders of the Ngok Dinka people in developing their homeland. The goal was to discover and implement innovations that would benefit the local population in a sustainable manner. 
 Between a Swamp and a Hard Place traces the project's evolution and analyzes its successes and failures as the region slipped toward civil disorder and inter-ethnic violence. The authors also document the continued relevance of the development principles that animated this effort--including strong participation by the intended beneficiaries--which are still important for achieving economic growth in rural Africa.

Between a Swamp and a Hard Place: Developmental Challenges in Remote Rural Africa (Harvard Studies in International Development)

Huntington, Richard

Harvard Kennedy School

This ninth title in the series Studies in the Modernization of the Republic of Korea offers new insights into the role of finance in a rapidly developing country. Combining history and theory, it provides a rigorous test of previous theoretical propositions. The study illustrates the complexity of the Korean financial system and the danger of easy generalization from partial evidence.The two major components of the financial system are brought into focus―one regulated and statistically recorded, the other unregulated, unrecorded. The burden of financial intermediation shifts from one to the other largely in response to government policy measures. By looking only at the regulated sector, previous studies have often misperceived the role of the financial system and the effects of government policies. The financial scandal in Seoul in May 1982 vividly demonstrated that the unregulated part of the system is still important and that overregulation of the “modern” part generates strong pressures for perpetuating the illegal, unregulated, “traditional” financial institutions.

Financial Development in Korea, 1945–1978 (Harvard East Asian Monographs)

Park, Yung Chul

Harvard University Asia Center

Korean Development: The Interplay of Politics and Economics

Politics & Social Sciences

Politics & Government

Harvard University Press

This book explores an adventurous life of engagement in the challenges of economic development in a destitute China (1946-47), war-torn Korea (1951-52), divided Vietnam (1955-1957), and post-Sukarno Indonesia (1966-71). It also relates the author’s subsequent experiences helping South Korea enter onto its high growth trajectory and Indonesia to modernize its financial system. Interspersed are vignettes of academic life at Deep Springs College, Cornell University, University of Michigan, Vanderbilt University and Harvard, and the challenges of working with the Navajo Nation to extract revenue and reduce pollution from exploitative coal-mining and power companies, as well as trying to devise an appropriate and viable approach to rural development for the remote, politically and culturally divided district of Abyei, on the border between North and South Sudan. Finally, it describes the author's efforts at preserving environmental and historical resources in Southeast Massachusetts. Throughout, the book recounts and acknowledges the important roles of teachers, colleagues, friends and family in enriching the author’s fortunate life.

Lucky Me: Engaging a World of Opportunities and Challenges

CreateSpace Independent Publishing Platform

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Books by Cole, David C.