|Fighting Corruption Worldwide
Cooperation Against Corruption
Combating corruption is such a difficult and sensitive issue that many
national political leaders who support such efforts in principle are hesitant to undertake
them in practice. How can international cooperation help build support for fighting
corruption, both nationally and globally?
Cheryl W. Gray and Daniel Kaufmann
What are the principal causes and costs of corruption? This article
examines these questions and suggests specific ways to enhance anticorruption efforts in
developing and transition economies.
Causes, Consequences, and Agenda for Further Research
What do we know about corruption, how do we know it, and what steps do we
need to take to improve our understanding of corruption and enhance governments'
effectiveness in combating it?
Confronting the AIDS Epidemic
If developing countries face up to the realities of AIDS and act quickly,
millions of lives can be saved. The three articles on AIDS in this issue look at the
epidemic from an economic perspective and outline priorities for developing countries in
preventing the spread of HIV and helping people already infected.
Government Priorities in Preventing HIV/AIDS
Public policy has proved to be an effective weapon in containing the
HIV/AIDS epidemic. Governments can have the greatest impact by providing incentives for
those most likely to spread HIV to adopt safer behavior.
the Impact of AIDS
The AIDS epidemic is straining the limited resources available to many
developing country governments. How can governments provide support to those affected by
AIDS without neglecting others in need or abandoning important development goals?
Low Inflation in Transition Economies: The Role of Relative Price Adjustment
Sharmini Coorey, Mauro Mecagni, and Erik Offerdal
Many transition economies have been unable to reduce inflation to low
levels on a sustained basis. Monetary growth has been a dominant factor. Relative price
adjustment and nominal wage shocks are also partly to blame, but their impact on inflation
can be modified by monetary and exchange rate policy.
Targeting Be a Framework for Monetary Policy in Developing Countries?
Paul R. Masson, Miguel A. Savastano, and Sunil Sharma
In a number of industrial countries, the adoption of inflation targeting
as a monetary policy framework has enhanced transparency and accountability. Can this
framework also be applied to developing countries?
Also in this Issue
Liberties, Democracy, and the Performance of Government Projects
Lant Pritchett and Daniel Kaufmann
How does the extent of civil liberties and democracy in a country affect
the performance of its government's investment projects and, more generally, the
Biodiversity in Agricultural Development
Stefano Pagiola, John Kellenberg, Lars Vidaeus, and Jitendra Srivastava
The expansion and intensification of agriculture have been major
contributors to the loss of biodiversity worldwide. As agricultural production continues
to rise to meet the growing demands of the world's population, it is critical to find ways
to minimize conflicts and enhance complementarities between agriculture and biodiversity.
Education: Growth and Diversity
Michael Potashnik and Joanne Capper
Distance education is becoming increasingly popular as economic forces
encourage, and new technologies facilitate, its spread. What advantages does it offer, and
what should course providers consider before embarking on new ventures?
from the Editor
Economy in Transition
Currency Crises: The Role of Monetary Policy
Masters of Illusion: The World Bank and the Poverty of Nations by
reviewed by Paul Streeten
The World Bank: A Third World View by H.N. Ray
reviewed by Paul Streeten
Corruption and the Global Economy, edited by Kimberly Ann Elliott
reviewed by Daniel Kaufmann
Historical Dictionary of the World Bank by Anne C.M. Salda
reviewed by James Feather
Dollar and Yen: Resolving Economic Conflict between the United States and Japan by
Ronald I. McKinnon and Kenichi Ohno
reviewed by George S. Tavlas
Technology and Industrial Development in Japan: Building Capabilities by Learning,
Innovation, and Public Policy by Hiroyuki Odagiri and Akira Goto
reviewed by Robert Dekle