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.

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.