Introduction. Lyn Squire Household responses to public health services : cost and quality tradeoffs. Harold Alderman and Victor Lavy The impact of health and nutrition on education. Jere R. Behrman Macroeconomic...
Capital inflows to some developing countries have increased sharply in recent years. Impelled by better economic prospects in those countries, lower international interest rates, and a slowdown of economic...
The purpose of this study was to investigate how Korea adjusted successfully to the combination of low growth, high inflation, and unsustainable current account deficits. The study shows that the factors...
The World Bank has been supporting structural adjustment in developing countries since the late 1940s. Initially, the support took the form of preparing and financing projects, especially in the area of...
The Bank introduced adjustment lending in 1979 to help member countries restructure their economies to create conditions conducive to equitable growth while maintaining a sustainable balance of payments...
This paper draws on estimates of consumption functions for 13 developing countries to analyze the effectiveness of public policy in raising saving. First, it provides evidence from time-series and panel...
The contents of this socialist economies in transition newsletter include: transforming the ownership system in Eastern Germany; lessons of adjustment lending; quotation of the month: "the demand of the...
This paper analyzes the role of public finance and trade policies in the adjustment experience of Chile over the past 15 years. The purpose is to first review the Chilean public sector and trade reforms...
Three decades of industrialization. Household survey data and pricing policies in developing countries. Settling defaults in the era of bond finance. Trade policies and the highly indebted countries. The...
Real exchange rate appreciation usually accompanies stabilization programs based on the exchange rate. One thing that causes the real exchange rate to appreciate is the capital inflows that follow liberalization...
The article assesses the design of stabilization and liberalization programs in the Southern Cone countries of Argentina, Chile and Uruguay. With the exception of Chile, the reforms were not as widespread...
Lessons from the Southern Cone policy reforms. Land rights systems and agricultural development in Sub-Saharan Africa. The relevance for developing countries of recent developments in macroeconomic theory...
This paper is an investigation of price-setting behavior in Chile, Israel and Korea when each of these countries moved from a fairly closed to a more open international trade regime. In some cases, the...
The purpose of this paper is to evaluate Korea's macroeconomic prospects and major policy issues for the next decade. After reviewing the intial conditions, the report examines growth strategies, and prospects...
Few reform packages have led to as much controversy as the Southern Cone reforms in Chile, Argentina and Uruguay. This paper uses the benefit of hindsight to examine these controversial reforms once more--their...
Korea, in its pursuance of an export-oriented growth strategy, was gravely hit by the two oil price shocks in the 1970s, but overcame the difficulties with fairly successful adjustment policies. This paper...
This report presents the proceeding of a symposium on growth-oriented adjustment programs that was organized jointly by the International Monetary Fund and the World Bank and held in Washington on February...
This paper analyzes the successful stabilization of the Korean economy. In particular, we examine the main variables that have contributed to the deceleration of inflation. For this purpose, we formulate...
This paper examines the influence of both economic problems and development theories on the growth strategies followed by Latin American countries in the last 70 years. Up to the Great Depression, most...
The authors who prepared this report carried out interviews with managers in manufacturing and agricultural exporting firms that elicited reactions about the favorable and unfavorable shocks caused by...