Structural adjustment has not promoted domestic deforestation, but it has increased net imports of wood products, implying some displacement of pressure onto other countries' forest resources. Devaluations have significantly increased the exploitation of forest resources

Globalization has expanded both opportunities and risks. How should responsibilities be allocated [and coordinated] between the global financial institutions that developed in the 1940s and the regional financial institutions that began developing in the 1960s? Can growth-oriented policies be...

"According to the conventional wisdom, when an economy enters a recession and nominal prices adjust slowly, the monetary authority should devalue the domestic currency to make the recession less severe. The reason is that a devaluation of the currency lowers the relative price of non-tradable...

A coordinated action by East Asian countries to stabilize their currencies against a common basket of major currencies (broadly representative of their average structure of trade and foreign direct investment) would help stabilize both intraregional exchange rates and effective exchange rates,...