economists discussed the prospects for regional initiatives in Africa. While many other factors need to be taken into …

A key legacy of the Asian financial crisis of 1997-1998 is a sustained drop-off in the investment rates of East Asian … countries that were hardest hit by the crisis. We first review the stylized facts of investment in those countries, and then … explore and evaluate the various possible explanations for the decline in investment. In our empirical analysis, which expands …

technical assistance and promote private sector investment that benefits the poor and lower-income groups in Asia and the …