After a massive international campaign calling attention to the development impact of foreign debt, the Heavily Indebted Poor Countries (HIPC) initiative is now underway. But will the HIPC Initiative meet its high expectations? Will debt relief substantially raise growth? How do we make sure...

This collection empirically and conceptually advances our understanding of the intricacies of emerging markets’ financial and macroeconomic development in the post-2008 crisis context. Covering a vast geography and a broad range of economic viewpoints, this study serves as an informed guide in...

The "development credibility" of the current trade regime in general, and the WTO in particular, is at stake. The Doha Round aims to reverse the brewing scepticism by providing a reliable engine of trade-led growth and development. The essays in this volume identify the key challenges in this...

More than half of the world's sovereign states are small economies. The majority are in Sub-Saharan Africa and the Caribbean Basin. For small economies, the globalization process involves opportunities, but also important risks because of their vulnerability and lack of diversification. This...

Traditional theories suggest that developing countries lack influence in the trade regime. In this text, Jane Ford uses a social theory or constructivist approach to show that developing countries played a critical role in strengthening multilateralism in the World Trade Organization

This book analyzes the new trends in capital flows to emerging markets since the Asian crisis, their determinants and policy implications. It explains why such flows have declined so dramatically in recent years, emphasising both structural and cyclical factors. Senior bankers, regulators, and...

Explaining Growth attempts to compile the most comprehensive assessment of growth in developing and transition countries. The first phase has sought to review and discover broad similarities and comparable experiences in six regions spanning the developing world. In each region, studies were...

This book examines the economic policies available to a head of state and addresses how best to measure the success of these tools. It surveys policies currently used as well as those that may not be appreciated for their national security application, and examines case studies to provide a way...