economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs … in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be … limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the …

This Selected Issues paper explores the question of what kind of structural policies could boost productivity growth in … trade openness are necessary for productivity growth, they are not sufficient. SMICs need to improve the quality of their …

framework for analyzing government measures aimed at reducing systemic risk. The analysis suggests that Chilean banks are …, there may be risk spillovers from other banks in the region and in advanced economies. The paper also presents options for …