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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
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
Robert Rennhack |
Banking Supervision Countries in Latin America and the Caribbean, like other emerging markets, have experienced banking system difficulties that have hampered growth and generated fiscal costs as high as 10 to 20 percent of GDP and even more. Many countries have improved their banking systems, but further reform is needed. |
Finance & Development
March 1, 2000
Nora Lustig & Omar Arias |
Poverty Reduction Although Latin America and the Caribbean reduced the incidence of poverty during the 1990s, population increases and the greater income inequalities that had developed during the 1980s stymied the region's efforts to reduce the number of poor people. How can its policymakers fight poverty most effectively and better protect the poor during economic crises? |
Finance & Development
March 1, 2000
Leonardo Cardemil, Juan Carlos Di Tata, & Florencia Frantischek |
Central America: Adjustment and Reforms in the 1990s Following a weak performance in the 1980s, the Central American economies experienced a turnaround in the 1990s as they adopted improved policies within a more stable political environment. Now, how can they best maintain macroeconomic stability, continue structural reforms, and strengthen social policies to maximize rates of economic growth and reduce the incidence of poverty? |
Finance & Development
March 1, 2000
Andrew Berg & Eduardo Borensztein |
The Dollarization Debate Full dollarization of the economy is widely discussed as a way of enabling developing countries to overcome monetary and exchange rate instability. What are the costs and benefits of dollarizing, and which developing countries are most likely to benefit? |
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
March 1, 2000
Sean Hagan |
Promoting Orderly and Effective Insolvency Procedures Insolvency laws are still viewed by many merely as mechanisms for cleaning up economic trash. However, they play a far more important role. If effectively designed and implemented, they can boost confidence in an economy, thereby fostering growth and helping to prevent or resolve financial and economic crises. |
Finance & Development
March 1, 2000
Ian S. McDonald |
Letter From the Editor In February 2000, Michel Camdessus retired after 13 years at the helm of the International Monetary Fund.... The countries of Latin America and the Caribbean have weathered the economic crises of the past few years... |
Finance & Development
March 1, 2000 |
Books Devil Take the Hindmost: A History of Financial Speculation... The Lexus and the Olive Tree... Banker to the Poor: Micro-Lending and the Battle Against World Poverty... The Future of the Electronic Marketplace... The Weightless World: Strategies for Managing the Digital Economy... Historical Dictionary of the International Monetary Fund, Second Edition... |
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