Contributed research papers.

This book provides comparative perspectives on problems of economic development in the 1980s. It emphasizes improvements in economic institutions and policies associated with the development process and employs the comparative historical approach to evaluate dimensions of the development process.

This comprehensive volume provides uniquely diverse insights into various aspects of decentralization and development from both developed and developing countries, with special reference to Sri Lanka. For a quarter century, Sri Lanka was battered by its prolonged civil war, which ended in 2009, but has now achieved relative peace and stability. Having developed rapidly, Sri Lanka offers a classic example for developing countries. There is, however, a strong need, particularly in the context of postwar conflict, to formulate policies for reconciliation, peace building, and development at all levels—local, provincial, and national. Decentralization itself is not a new subject; however, how to devolve power to local administrative levels within a unitary system and how to link the devolved power to make local administrative systems more conducive to development and provide better services for citizens are challenging tasks in many countries. Taking into account the developmental, governance, and conciliatory needs and the sensitivity of central–local relations, this volume critically examines the local government systems in Sri Lanka. It also proposes a viable, effective and autonomous local-level administrative unit based, which draws on experiences from Japan and other countries, and identifies the role and functions of such a unit. The book presents commissioned papers from a three-year research project undertaken by internationally respected experts with financial support by the Japan Society for the Promotion of Science (JSPS) under a Grant-in-Aid for Scientific Research.

Until the early to mid-1970s, social scientists in the fields of population and development were largely going their own ways. Demographers relied almost exclusively on demographic transition theory as their para digm for understanding the role of development in population change and fertility decline. Conversely, most development economists and other specialists were certainly aware of the constraints placed upon development objectives by population growth. However, the main de velopment theories paid little attention to population and the implica tions of population growth for development. Indeed it was not until after the World Population Conference in Bucharest in 1974 that the interaction of population and development became a serious and pur posive theme for social scientific study. Accordingly, since about the mid-1970s, an extensive literature in the field of population and develop ment has been generated. And in 1975, under the auspices of The Popu lation Council, the journal Population and Development Review was found ed, a journal which in the past decade has developed into the premier publication in the world for work in this area. But our understanding of development as it refers to change in Third World countries remained fragmented. Moreover, our understanding of the linkages and interac tions between population and development was very limited. It is in this regard that Ozzie Simmons's Perspectives on Development and Population Growth in the Third World will certainly have an impact.

The fulfillment of the role of microfinance institutions (MFIs) in providing affordable financial services to the poor is associated with invariable challenges to MFIs, particularly in maintaining MFIs’ sustainability. The research work undertaken in this context to prepare author’s doctoral thesis has finally culminated in a book, which has comprehensively dealt with the subject of sustainability versus poverty outreach in microfinance. Overall, the results of panel data analysis confirm that there is no trade-off between sustainability and poverty outreach of MFIs. Thus, MFIs are in a position to achieve operational self-sufficiency while expanding services to the poor. Further, it is evident from logit analysis that group lending as against individual lending is strategically important for MFIs to achieve sustainability, successfully warding off the problems of asymmetric information prevailing in the rural credit markets. The book carries a detailed description on Sri Lanka’s financial sector and poverty aspects with special emphasis on microfinance sector which comprises of more than 15000 service providers under a variety of institutions with different mandates and business models. Policy discussion along with the findings of econometric analyses provides the reader with new insights especially in the absence of any other macro-level studies carried out to cover microfinance sector in Sri Lanka.