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Vietnam following in China's footsteps: The third wave of emerging Asian economies
Chaponnière, Jean-Raphael; Cling, Jean-Pierre; Zhou, Bin - 2008
Vietnam has been following China's path closely and very successfully for the last two decades, since the adoption of … the World Trade Organization (WTO). This paper addresses this question with regard to Vietnam, who joined the WTO at the … beginning of 2007: we study Vietnam's potential for sustainable growth and international integration. We start by briefly …
Persistent link: https://www.econbiz.de/10010273502
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The macroeconomic management of increased aid: Policy lessons from recent experience
Aiyar, Shekhar; Berg, Andrew; Hussain, Mumtaz - 2008
This paper investigates the macroeconomic challenges created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, in terms of absorption and spending of aid - where the central bank controls absorption through monetary policy...
Persistent link: https://www.econbiz.de/10010273509
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Macroeconomic policies for growth in small Pacific island economies
Chowdhury, Anis; Vidyattama, Yogi - 2007
This paper examines macroeconomic performance and policies in small Pacific island economies (SPIEs). These economies are highly prone to various supply shocks and face severe obstacles to development arising from their geography and demography. However, the paper contends that their lacklustre...
Persistent link: https://www.econbiz.de/10010284518
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Monetary policy rules for managing aid surges in Africa
Adam, Christopher; Buffie, Edward; O'Connell, Stephen; … - 2008
We examine the properties of alternative monetary policy rules in response to large aid surges in low-income countries characterized by incomplete capital market integration and currency substitution. Using a dynamic stochastic general equilibrium model, we show that simple monetary rules that...
Persistent link: https://www.econbiz.de/10010273410
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Interdependencies between monetary policy and foreign exchange intervention under inflation targeting: The case of Brazil and the Czech Republic
Gnabo, Jean-Yves; de Mello, Luiz; Moccero, Diego - 2008
The bulk of recent literature on foreign exchange interventions has overlooked the potential interdependencies that may exist between these operations and the conduct of monetary policy. This is the case even under inflation targeting and especially in emerging-market economies, because central...
Persistent link: https://www.econbiz.de/10010273432
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A two-thirds rate of success: Polish transformation and economic development, 1989 - 2008
Kolodko, Grzegorz W. - 2009
Progress in achieving institutional changes should be evaluated through the prism of their influence on the development abilities of the relevant country. In Poland, during 20 years of comprehensive systemic shift, GDP increased more than in any other postsocialist country. To judge the...
Persistent link: https://www.econbiz.de/10010273403
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Developing Ireland: Committing to economic openness and building domestic institutional capabilities
Teague, Paul - 2009
This paper sets out to explain the factors behind Ireland's exceptional period of economic growth from the early 1990s to the mid 2000s. It suggests that an unbending commitment to economic openness and an on-going effort to establish quality domestic institutions were the main drivers of the...
Persistent link: https://www.econbiz.de/10010273443
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Country role models for development success: The case of Costa Rica
Trejos, Alberto - 2009
into the world economy) explain the successful trends, and can be thought of - at least in hindsight - as a development …
Persistent link: https://www.econbiz.de/10010273461
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The Omani and Bahraini paths to development: Rare and contrasting oil-based economic success stories
Looney, Robert - 2009
Oman and Bahrain are Middle Eastern success stories. There are some key similarities. Both have followed pragmatic development strategies built on a stable foundation of strengthened governance structures and enhanced economic liberalization. These improvements occurred in somewhat different...
Persistent link: https://www.econbiz.de/10010273466
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Structural change, technology and economic growth: Brazil and the CIBS in a comparative perspective
Cimoli, Mario; Pereira, Wellington; Porcile, Gabriel; … - 2008
Schumepterian growth theory stresses the role of structural change in long run growth. Countries which increase the share of technology-intensive sectors in their economic structures benefit more from technological learning and innovation. In addition, they are more able to respond to changes in...
Persistent link: https://www.econbiz.de/10010273506