The turn of the century was marked by some significant and promising events for world development. The Millennium Declaration - signed by 189 countries in September 2000 - led to the adoption of the Millennium Development Goals, which set clear targets for eradicating poverty and other sources...

The global financial crisis, the most severe since the great depression, is rapidly turning into a human and development crisis. The financial crisis originated in the developed world, but it has spread quickly and inexorably to the developing world, sparing no country. Increasingly it appears...

There are few areas of economic policy-making in which the returns to good decisions are so high-and the punishment of bad decisions so cruel-as in the management of natural resource wealth. Rich endowments of oil, gas and minerals have set some countries on courses of sustained and robust...

This paper reviews economic developments in Azerbaijan during the 1990s. In 1992, approximately 70–80 percent of producer and consumer prices were liberalized, and enterprises were allowed greater latitude in their price and wage setting. However, price controls were applied on energy and...

This Recent Economic Developments and Selected Economic Issues paper provides a broad overview of the structure of Namibia’s economy. It provides a detailed discussion of the structure and evolution of the productive base, recent trends in investment and savings performance, fiscal policies,...

This paper examines economic developments and policies in Canada during 1990–95. Spurred by the robust growth in the United States and the easing of monetary conditions between 1991 and 1993, economic growth in Canada continued to strengthen during 1994. Real GDP grew by 4.5 percent in 1994...