Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the agreement will...

Since the early 1990s, many countries in sub-Saharan Africa have made significant progress in opening their economies to external competition through trade and currency liberalization. This paper analyzes trade and policy developments for 22 countries in eastern and southern Africa, looks at...

The economics of corruption: an overview / George T. Abed and Sanjeev Gupta -- pt. 1. Causes and consequences of corruption. Corruption around the world: causes, consequences, scope, and cures / Vito Tanzi -- Bureaucratic corruption and the rate of temptation: do wages in the civil service...