This paper deals with the implications of natural resources for the conduct of economic policies and the role and design of institutions in resource-rich countries. The paper briefly reviews the experience of a few resource-rich countries, highlighting the successes of those that have done well...

In this overview we try to explain, first, why funds continued to flow towards emerging economies while fundamentals in host countries had been deteriorating before the Asian crisis (rising external deficit, with a significant liquid component appreciating exchange rates; low capital formation,...

Zambia has undergone a dramatic transformation of economic policy during the 1990s. The election in 1991 of the Movement for Multi-party Democracy government saw the introduction of a series of major economic reforms designed to transform the Zambian economy from a relatively inward looking and...

Since 2002, spreads on emerging market sovereign debt have fallen to historical lows. Given the close links between sovereign spreads, capital flows to emerging markets, and economic growth, understanding the factors driving these spreads is very important. We address this issue in two stages....

Similar to most other developing countries, almost all Arab countries failed to catch up economically with advanced industrial countries. This paper discusses three possible explanations of the disappointing growth performance: (i) an insufficient reformmindedness of developing country...

Das vorliegende Diskussionspapier dokumentiert die Ergebnisse eines Workshops, den das DIW im Auftrag von Greenpeace Deutschland durchgeführt hat. Ziel des Workshops war es, zur Klärung der Konsequenzen eines - aufgrund ökologischer Grenzen für Energie- und Materialströme - verringerten...

Recent growth experience in developing countries is reviewed, with an emphasis on structural change and sources of effective demand. How policy influences such outcomes is analyzed in light of historical experience. Options are discussed for macro and industrial/commercial policy, and how they...

With the revival of global economy, the issues of exit policies and rebalancing global growth have taken center stage in policy discussions. Since many emerging Asian economies presently have large current account surpluses, the issue of rebalancing has special significance for Asia. While...