Papers by Benjamin R Quinones, Jr.
Practical Action Publishing eBooks, 2008
Values are to a society what character is to a person: it reveals his true inner self, yet is dif... more Values are to a society what character is to a person: it reveals his true inner self, yet is difficult to describe in exact terms. Moreover, a person's character may show in his actions in various, sometimes contradictory ways so that it may be difficult to induce a person's character from his deeds. Asian values, elusive as they are, have been regarded as a cause of the economic rise of a number of Asian countries. Yet some decades earlier, Confucian values were quoted as a cause of underdevelopment of some Asian countries. Has the recent financial crisis also been due to them, in some way, or do we have to wait for economic recovery in order to attribute that to Confucian values? Max Weber, who first studied the impact of values on economic development, was more careful when he presented the results of his research. The Spirit of Capitalism is congruent with the rise of the Protestant Ethic, he said; but he claimed no causal relationship.
Financial Linkages in the Philippines: Constraints and Success Factors
This case study research, thanks to funding from the Ford Foundation, is a working document that ... more This case study research, thanks to funding from the Ford Foundation, is a working document that is part of a multi-country review of successful innovations in improving access to financial services for poor populations in rural areas through linkages between the formal financial sector and informal financial institutions. The global review, coordinated by the Rural Finance Group of the Food and Agriculture Organization (FAO) of the United Nations, examines 13 cases in Africa, Asia and Latin America. Results from multi-country study will be published in a forthcoming book in early 2007.
The poverty incidence and income inequality in the Philippines rates among the highest in Asia. M... more The poverty incidence and income inequality in the Philippines rates among the highest in Asia. Microenterprises are the dominant source of employment and income for the majority of the population, but in the past an oppressive financial policy hindered the flow of small loans from formal banking institutions to microenterprises. This article examines the People's Credit and Finance Corporation (PCFC) and its linkages with downstream financial intermediaries as a successful strategy for improving the flow of financial services in rural Philippines. This article is based on an in-depth case study (Quiñones, forthcoming), and is part of a global review on financial linkages conducted by the Food and Agriculture Organization (FAO) of the UN thanks to funding from the Ford Foundation. The PCFC case was selected for this region because of its crucial role in mainstreaming microfinance in the country. 1985 to 36.8 per cent in 1997, and increased slightly to 37.5 per cent in 1998 as a result of the Asian financial crisis. Poverty incidence was lowest in the National Capital Region (NCR) at 9 per cent, and much higher in less developed areas outside the NCR, such as the Autonomous Region for Muslim Mindanao (66 per cent) and the Bicol region (55 per cent). Poverty alleviation efforts in these areas, particularly in Mindanao, have been hampered by armed conflict between the government and rebel groups (Congressional Planning and Budget Department, House of Representative, 2003). This article is based on a case study (Quiñones, forthcoming) conducted for the global financial linkage study funded by the Ford Foundation and managed by the Food and Agriculture Organization (FAO) of the UN. The People's Credit and Finance Corporation (PCFC) in the Philippines was selected as one of the Asian case studies to illustrate financial linkages. This article examines the factors that constrained the development of microfinance in the Philippines, identifies drivers that contributed to overcoming the constraints (using PCFC as a case study), and evaluates how these drivers contributed to expanded access to financial services, as well as to the sustainability of microfinance institutions (MFIs).
Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.
Social Capital as a Policy Resource, 2001
The present study examines how formation of social capital in the micro¢nance sector is a¡ected b... more The present study examines how formation of social capital in the micro¢nance sector is a¡ected by enlarging the political or economic resources of the informal groups of poor households and micro¢nance institutions (MFIs) that contribute to social cohesion. In particular, this chapter attempts to show how the regulatory and supervisory framework as well as the ¢nancial innovations of micro¢nance institutions have a¡ected poor households' capacity for cooperation and mutual support in their ¢ght against poverty.
Small Enterprise Development, 2006
Policy Sciences, 2000
1. Norms and Values, Regulation and Supervision From the Confusion over Confucian Values
To N... more 1. Norms and Values, Regulation and Supervision From the Confusion over Confucian Values
To Normative Frameworks as Social Capital ... 2. Negative and Positive Social Capital From Financial Repression as Negative Social Capital ..
To Deregulation and the ...
Social and Solidarity Economy in Asia: A South-South and Triangular Cooperation Perspective, 2015
The paper reviews the experiences of South-South and Triangular Cooperation (SSTC) in Asia, Afric... more The paper reviews the experiences of South-South and Triangular Cooperation (SSTC) in Asia, Africa and Latin America and provides a rich collection of cases showing that SSTC has been a driving force in the development of Social and Solidarity Economy (SSE) in these continents. Elicited from the cases examined are some salient contributions of SSE to local economic and social development, including: diversification of local economies, enhancement of the participatory development processes, overcoming of insurmountable costs of access to scarce resources and a variety of market failures, strengthening the capacity of local communties to fight poverty and social exclusion, and facilitating territorial development.
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Papers by Benjamin R Quinones, Jr.