|The New Environmentalism
Development: From Theory to Practice
Principles of the New Environmentalism
A quiet revolution has been under way during the 1990s as environmental
sustainability has gradually become an important theme in policymaking around the world.
Development, Agriculture, and Food Security
Wendy S. Ayres and Alex F. McCalla
The fundamental challenge the world faces is to ensure that the hundreds
of millions of families living in poverty have access to enough food to maintain a healthy
the Developing World: Agenda for Action Following Habitat II
Patricia Annez and Alfred Friendly
In developing countries' burgeoning cities, affluence and poverty are
pitted against each other in a race to shape the future. What steps can governments take
to reduce poverty, improve the urban environment, and achieve sustainable development?
the Measure of Wealth
John A. Dixon and Kirk Hamilton
Expanding measurements of national wealth to embrace natural and human
resources can help to guide policies for sustainable development.
Financial Markets: Moving Up the Learning Curve
IMF Research Department Staff
After being burned by some costly crises, players in international
financial markets are learning from past mistakes and finding new ways to minimize risk.
Exchange Markets: Structure and Systemic Risks
Laura E. Kodres
Foreign exchange trading involves such large cross-border settlements that
a failure by one party to deliver the currency needed for a single settlement could
disrupt the global financial system. Fortunately, there are ways to reduce settlement
Risks to the International Banking System
IMF Research Department Staff
Changes in the financial markets over the past decade have threatened the
stability of the international financial system, spurring the G-10 to strengthen bank
supervision and regulation. The challenge now is to extend the benefits of multilateral
arrangements to emerging market countries.
Central Banking: The Challenges Ahead
The enduring challenge facing central banks is to fight inflation. Central
banks can best meet this challenge if they are independent and adopt a low inflation
target with some flexibility for price shocks in recognition of the short-run trade-off
between inflation and unemployment.
Also in this Issue
Difficult Art of Economic Forecasting
Paula R. De Masi
Economic forecasting is an art, not a science. Economic outcomes are often
influenced by unanticipated events, and data may be inadequate, particularly in developing
Caused Sub-Saharan Africa's Marginalization in World Trade?
Alexander J. Yeats, Azita Amjadi, Ulrich Reincke, and Francis Ng
Sub-Saharan Africa's share in world exports has been shrinking. The
evidence suggests that anticompetitive domestic policies rather than trade barriers played
a key role in this decline.
Sector Development in the Visegrad Countries
Michael S. Borish and Michel Noël
The Visegrad countries are enjoying solid economic growth driven by
vibrant new private sectors. To make a successful transition to a market economy, however,
they will need to push ahead with financial, legal, and regulatory reforms.
from the Editor
Economy in Transition
International Capital Markets Update
How Do the Urban Poor Manage in an Economic Crisis?
Trends in Business Organization: Do Participation and Cooperation
Increase Competitiveness? edited by Horst Siebert
reviewed by Robert R. Miller
Foreign Participation in China's Banking and Securities Markets by Francis A. Lees
and K. Thomas Liaw
reviewed by Marc Quintyn
Privatizing Monopolies: Lessons from the Telecommunications and Transport Sectors in
Latin America, edited by Ravi Ramamurti
reviewed by Antonio Estache
Investment in Women's Human Capital, edited by T. Paul Schultz
reviewed by Shahid Khandker
Assessing Educational Practices: The Contribution of Economics, edited by William
E. Becker and William J. Baumol
reviewed by George Psacharopoulos
The Japanese Civil Service and Economic Development: Catalysts of Change, edited by
Hyung-Ki Kim, Michio Muramatsu, T. J. Pempel, and Kozo Yamamura
reviewed by Mark Lutz
Non-Governmental Organizations and Rural Poverty Alleviation by Roger C. Riddell,
Mark Robinson, and others
reviewed by Peter Lanjouw
Rural Change in South Asia: India, Pakistan, and Bangladesh by Gilbert Etienne
reviewed by John McIntire