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Finance & Development March 1, 2000 Claudio M. Loser & Martine Guerguil |
The Long Road to Financial Stability Most countries in Latin America and the Caribbean weathered the economic crises of the late 1990s better than expected, thanks to the policy reforms of the past two decades. Further reform is urgently needed, however, to put the region on a faster growth path and reduce its vulnerability to external shocks. |
Finance & Development September 1, 2000 Emine Gurgen |
Central Asia: Achievements and Prospects Although the five Central Asian countries in transition have made progress in moving to a market economy, they still have far to go and need to intensify their reform efforts. |
Finance & Development March 1, 2001 Alvin D.L. Hilaire |
Economic Stabilization in the Caribbean Barbados, Guyana, Jamaica, and Trinidad and Tobago simultaneously tackled serious economic difficulties in the early 1990s. The results of their adjustment programs demonstrate that fiscal reform, supported by other policies, may be the key to achieving a sustainable recovery... |
Finance & Development December 1, 2001 Evangelos A. Calamitsis |
The Need for Stronger Domestic Policies and International Support Globalization is a powerful engine of world prosperity, and it is certainly here to stay. Income disparities remain large. The basic issue is what policies and reforms are most likely to bring about sustainable economic growth for the benefit of all the peoples of the world. |
Finance & Development March 1, 2000 Jose Angel Gurria |
Mexico: Recent Developments, Structural Reforms, and Future Challenges In recent years, the Mexican government has implemented a series of economic reforms to strengthen the country's fundamentals and increase its ability to cope with external shocks. Because of the progress that has been made, the government is confident that Mexico will be able to leave recent crises behind and start the new millennium with a stable and growing economy. |
Finance & Development March 1, 2000 Eduardo Aninat |
Chile in the 1990s: Embracing Development Opportunities A review of Chile's recent economic performance shows that, overall, the 1990s were a period of vigorous and unprecedented expansion, with average annual GDP growth of 6.5 percent. While 1999 was a time of economic adjustment after the fallout of the Asian crisis, Chile is now ready to resume healthy growth in 2000 and beyond.. |
Finance & Development June 1, 2000 Janet Stotsky, Esther Suss, & Stephen Tokarick |
Trade Liberalization in the Caribbean Since the mid-1990s, the governments of Caribbean countries have demonstrated a firm commitment to trade liberalization. What steps have they taken, what have the results been, and what further steps should they consider taking? |
Finance & Development December 1, 2005 Singh & Collyns |
Latin America's Resurgence Latin America's recent resurgence amid continuing favorable external conditions provides another historic opportunity for the region to catalyze its considerable natural and human capital resources into sustained and higher growth. |
Finance & Development March 2011 Nicolas Eyzaguirre |
Sustaining Latin America's Transformation Building on recent successes, Latin America now has a chance to raise its profile in the global marketplace. |
Finance & Development December 1, 2005 Alfred Schipke |
Building on CAFTA How the free trade pact can help foster Central America's economic integration. |
Finance & Development September 1, 2000 Robert A. Feldman & C. Maxwell Watson |
Central Europe: From Transition to EU Membership The Central European countries have made considerable progress with the transition to a market economy and now face the challenge of developing macroeconomic policy frameworks on the road to EU accession. |
Finance & Development June 1, 2005 dos Santos |
Brazil's Remarkable Journey Latin America's largest economy is finally reaping the benefits of reforms. |
Finance & Development December 1, 2006 Bio-Tchane & Christensen |
Right Time for Africa Africa needs to build on its recent success to catch up. A forward-looking reform agenda should aim to maintain macroeconomic stability, improve the business climate, promote trade, and, most important, strengthen fiscal institutions. |
Finance & Development December 1, 2001 Paul Chabrier |
Growth Strategy for North Africa: A Regional Approach Independent business surveys show that private investors generally feel that the business environment in the region has many serious problems, such as excessive red tape and weak domestic institutions---particularly the legal and judicial systems. |
Finance & Development June 1, 2006 Anthony Elson |
What Happened? Here's why East Asia surged ahead of Latin America and some lessons for economic policy. |
Finance & Development June 1, 2006 Burton et al. |
Asia's Winds of Change The path that Asian countries have traveled to growth and prosperity in the past 50 years will remain relevant for the future -- the embrace of openness, the commitment to macroeconomic stability, and the drive to adapt and reform in response to changing circumstances. |
Finance & Development December 1, 2000 Ernesto Hernandez-Cata |
Raising Growth and Investment in Sub-Saharan Africa: What Can Be Done? Sub-Saharan Africa must increase economic growth to reduce poverty and improve living standards. This article discusses some obstacles to growth in the region, as well as some policy actions that would improve its prospects. |
Finance & Development March 1, 2000 Pedro Pou |
Argentina's Structural Reforms of the 1990s Argentina experienced serious economic and financial difficulties in the 1980s. Hyperinflation in 1989-90 finally elicited the necessary political consensus for reform. Despite areas of concern, structural reforms implemented in the 1990s have set Argentina on the path to sustained growth. |
Finance & Development June 1, 2000 Oussama Kanaan |
Tanzania's Experience with Trade Liberalization After Tanzania's economy deteriorated during the 1970s and early 1980s, it took a series of bold steps to liberalize trade. How successful have these efforts been in improving its economic performance, and what lessons can other developing countries derive from Tanzania's experience? |
Finance & Development December 1, 2005 Carstens & Luis I. Jacome H. |
Taming the Monster How Latin America's central banks survived hyperinflation to become guardians of price stability. |
Finance & Development March 1, 2001 Flemming Larsen |
The IMF's Dialogue with Nongovernmental Organizations The IMF is responding to questions about its role in today's world economy by reaching out to civil society at large and to nongovernmental organizations (NGOs) in particular... |
Finance & Development March 1, 2006 Zagha, Nankani & Gill |
Rethinking Growth Economists are reconsidering what they really know about economic growth and how to go about formulating global national policies in the absence of reliable models. |
Finance & Development March 1, 2006 Hausmann, Rodrik & Velasco |
Getting the Diagnosis Right A new approach to economic reform: Because across-the-board reforms are politically difficult and have often failed to achieve growth, countries need to figure out the one or two most binding constraints on their economies and then focus on lifting those. |
Finance & Development December 1, 2002 Fasano & Iqbal |
Common Currency GCC (Cooperation Council of the Arab States of the Gulf) countries face fundamental choices as they head for monetary union. |
Finance & Development December 1, 2000 Masood Ahmed & Hugh Bredenkamp |
Supporting Poverty Reduction in Low-Income Developing Countries: The International Community's Response Despite developing countries' improved economic growth rates during the 1990s, poverty has remained firmly entrenched. How can developing countries, international financial institutions, and developed countries work together more effectively to reduce the incidence of poverty? |
Finance & Development December 1, 2000 Nora Lustig & Nicholas Stern |
Broadening the Agenda for Poverty Reduction: Opportunity, Empowerment, Security Experience from the 1990s has led to a poverty reduction agenda that, in addition to promoting economic growth, addresses ingrained inequalities, institutional failures, social barriers, and other risks. |
Finance & Development March 1, 2003 Jbili & Kramarenko |
Should MENA Countries Float or Peg? As they open up their economies, MENA countries may need to rethink their exchange rate regimes |
Finance & Development December 1, 2001 Robert Sharer |
An Agenda for Trade, Investment, and Regional Integration The importance of enhancing sub-Saharan Africa's trade performance, which was very weak in the 1980s and 1990s, cannot be overemphasized. |
Finance & Development September 1, 2005 Andrews et al. |
Ethiopia: Scaling Up Assessing the impact of a dramatic increase in aid on one of Africa's poorest countries. |
Finance & Development March 1, 2003 George T. Abed |
Unfulfilled Promise Why the Middle East and North Africa region has lagged in growth and globalization |
Finance & Development September 2011 |
Fiscal Neighbors Canada and the United States confronted growing budget deficits and public debt but the results differed. |
Finance & Development September 1, 2000 Stanley Fischer & Ratna Sahay |
Taking Stock Economic performance has differed widely among the transition economies. The best performers are countries that were the most committed to reform at the start and that have carried out reforms rapidly and consistently. |
Finance & Development December 1, 2001 Nsouli & Le Gall |
The New International Financial Architecture and Africa African countries have made progress on various elements of the new architecture, but more work is needed---in particular, to enhance transparency and accountability, implement standards and codes, and strengthen financial systems. |
Finance & Development June 1, 2007 Zeti Akhtar Aziz |
Asia's Decade of Transformation The Asian crisis 10 years ago marked not a halt, but the start of a greater role for Asia in the global economy. Since the 1997 crisis, Asian countries have seized the opportunity to undertake significant restructuring and reforms and to strengthen the dynamism and resilience of their economies. |
Finance & Development June 2010 Linda Yueh |
A Stronger China China can emerge from the crisis stronger if it increases domestic demand and promotes global integration. |
Finance & Development December 1, 2001 G.E. Gondwe |
Making Globalization Work in Africa There is no doubt that economic growth rates in sub-Saharan Africa have lagged far behind those of other regions and that Africa is the region least integrated into the global economy. |
Finance & Development December 1, 2001 Bannister & Thugge |
International Trade and Poverty Alleviation How does trade liberalization affect the poor, and how can they be protected against its negative short-term effects? |
Finance & Development June 1, 2007 Burton & Zanello |
Asia Ten Years After A decade after the Asian financial crisis, the region is growing rapidly but still has a long to-do list. |
Finance & Development March 1, 2001 Martin Muhleisen & Hamid Faruqee |
Japan: Population Aging and the Fiscal Challenge With Japan facing a demographic crisis, government finances--stretched to the limit to keep the economy afloat--have to cope with the rising strain on public pension and health systems. This article looks at the economic and fiscal costs of aging in Japan... |
Finance & Development March 1, 2000 Catherine L. Mann |
Is the U.S. Current Account Deficit Sustainable? The U.S. current account deficit, driven by the United States' widening trade deficit, is the largest it has ever been, both as a share of the U.S. economy and in dollar terms. How much longer can the United States continue to spend more than it earns and support the resumption of global growth? |
Finance & Development June 1, 2006 Citrin & Wolfson |
Japan's BACK! Growth in Japan, the world's second-largest economy, would have knock-on effects throughout Asia and the global economy and contribute to a more balanced pattern of global growth. This would also help to reduce global current account imbalances. |
Finance & Development September 1, 2005 Jean-Baptiste Compaore |
Burkina Faso: Greater Capacity In Burkina Faso, only about 70% of aid committed by donors is effectively disbursed. Improving absorption capacity is crucial if a scaling up of aid is to be effective in growing its economy. |
Finance & Development June 2009 Marek Belka |
Europe Under Stress The global economic crisis is testing the cohesion of the European Union |
Finance & Development December 2010 Baldacci et al. |
Getting Debt under Control In dealing with the aftermath of the Great Recession, policymakers must pay attention to the mix of austerity policies. |
Finance & Development March 2011 Mario Mesquita |
Great Expectations Brazil's economic success has raised the bar for that country, at home and abroad. |
Finance & Development September 2009 Carlo Cottarelli & Jose Vinals |
Looking Ahead Countries must begin now to devise economic strategies to accompany the recovery. |
Finance & Development September 2008 Gupta & Tareq |
Mobilizing Revenue Strengthening domestic revenue bases is key to creating fiscal space for Africa's developmental needs |
Finance & Development December 1, 2001 Mohamed Daouas |
Africa Faces Challenges of Globalization |
Finance & Development December 1, 2005 Arminio Fraga |
A Fork in the Road Latin America faces a choice between populism and deeper reform. |
IDB America December 2003 Peter Bate |
Social justice starts with taxes Central America's tax systems are being overhauled in order to boost spending on social services. |