This paper surveys the growing literature on monetary cooperation in East Asia that goes beyond the Chiang Mai Initiative. It compares and contrasts the various proposals for cooperation such as the Williamson basket peg, the Asian monetary system, and the yen block as to their crisis prevention...

This paper examines the forward linkage between trade liberalization and economic growth, economic growth and income inequality, and incomeinequality and economic growth, and inequality and social safety nets. It then suggests the directions for strengthening the social safety net in APEC member...

Small family farms and plantations are the two contrasting systems of agricultural production in the tropics. While the family farm is an old institution, which has existed since time immemorial, the plantation is a new institution brought by the West for extracting tropical cash crops for...

Environmental and natural resource accounting has heretofore mostly been conducted in a national income accounting context. Yet income inequality and poverty statistics are often exceedingly optimistic absent an adequate accounting of environmental losses. Following Khan's study on Bangladesh...

The paper examines the degree to which financial deregulation has contributed to increased international capital mobility in Sri Lanka. In fulfilling this objective the empirical validity of three tests are examined: the Feldstein-Horioka (1980) model; the Sachs (1981, 1982) approach to the...

There are significant income and nonincome development gaps around theworld. Closing these gaps will require not only increasing and sustainingeconomic growth in low-income regions, but also policies that closenonincome development gaps directly. Governments need to support privateinvestment and...