This paper analyses in depth the causes of the Mexican peso crisis, so as to learn relevant lessons for similar crisis occurring in other developing or transitional economies. The study follows a relatively chronological order, examining first the...
We argue in this paper that cancelling the debt of the poorest countries was a good thing, but that it should not imply that the debt instrument should be foregone. Debt and debt cancellations are indeed two complementary instruments which, if...
What started in the summer of 1997 as a regional economic and financial crisis in East and Southeast Asia had developed into a global financial crisis within the span of a year. This crisis followed the crisis in the European Monetary System in 1992...
Understanding the development effects of official aid is crucial to building a better bridge between research and policy. This paper reviews the current evidence regarding the impact of aid on growth and poverty reduction, and develops a new...
The emergence of the euro as a key currency, perhaps eventually rivalling the US dollar in importance, may have important macroeconomic implications for industrial as well as developing economies in the years ahead. This paper focuses on two related...
The purpose of this paper is to explore economic and political implications of Europe's Economic and Monetary Union (EMU) for developing countries. In strictly economic terms, influences will be communicated through both trade and financial channels...
From the book: Oxford Handbook of Africa and Economics, Vol. 2.
This policy brief is intended to outline suggestions and stimulate discussion at a time when the world community is thinking about, and is engaged in, a debate on global governance. The policy brief not only focuses on the reform of existing...
As a result of the Five Year Review of the World Summit for Social Development, the UN General Assembly in September 2000 adopted a resolution calling for 'a rigorous analysis of the advantages, disadvantages and other implications of proposals for...
Wim Naudé Following the US subprime mortgage crisis of 2007-2008, the world is now staggering from financial to economic crisis as many high-income...
1. La communauté internationale doit mettre au point des methodes permettant de soutenir la croissance japonaise afin d'attenuer les effets de l'essoufflement americain et d'enrayer toute amorce de deflation mondiale.2. Alors que certaines des...
Recent financial crises, whose effects have been particularly severe in developing countries, have led to a wide-ranging debate on international financial reform. This debate has had to confront the implications of the huge growth of international...
In Angola, the availability of two abundant resources (oil and diamonds) has prolonged the conflict beyond its Cold War context. The geography and political economy of these resources were crucial to the course taken by the conflict. Matching the...
29 November 2012 Carl-Gustav Lindén In November 2012 UNU-WIDER had the pleasure of hosting a public event with Dr Kaushik Basu, the newly appointed...
23 April 2014 Justin Yifu Lin and Yan Wang At the onset of its miraculous rise in 1979, China had been trapped in poverty for centuries and was poorer...
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