The last decade has exemplified a retrenchment of bank lending in developing countries. International banks strive to boost capital ratios, thereby raising equity, reducing their less profitable assets and rebalancing portfolios towards less risky claims. In that context of underfinanced...

The paper examines the effect of differing policies in the post-independence period on the agricultural and overall economic performance of Zambia and Zimbabwe. It focuses on the interaction between macroeconomic and agricultural policy reforms. It shows that macro and micro reforms need to be...

Should Mexican agriculture be liberalized? If so, how fast should this be done, and what policies should accompany the transition? We use Mexican agriculture as a case study to analyze the transition problems that arise in most major economic reforms. We focus on the implications for policy...

This study develops a conceptual framework for analysing the ways in which changes in the economic environment modify factor productivity. It focuses on the technology actually used in production — implemented technology — rather than the generation of technology. Implementation reflects the...

Japan is in the process of developing much closer economic ties with its Asian neighbours, at both the government and private-sector levels. While there is little official support in Japan for the creation of any formal regional integration scheme, there is evidence of Japanese behaviour leading...

This paper reviews the process of agricultural policy reforms in Morocco in the 1980's, with particular emphasis on the cereals and sugar sub-sectors. Agricultural policy is reviewed in historical perspective, to show that the liberalisation process which was proposed in the framework of...

Ce document présente un modèle dynamique de simulation de l'économie mexicaine, centré sur les effets de l'endettement public. Trois principales variables sont au coeur de la dynamique économique qui est décrite ici: le taux d'intérêt réel interne, le prix du marché secondaire de la...