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

Labor market policies and institutions affect the success of economic reform but probably more for political than for economic reasons. Growth appears not to be hurt by minimum wages and mandatory benefits. But the relative size of organized labor (in government and elsewhere) is crucial

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...

Lessons from Uganda on preparing a national strategy for poverty reduction, with stakeholders participating. Uganda's experience contributed substantially to the design of the Poverty Reduction Strategy Papers

"This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors identify structural breaks over the sample period used to estimate the covariance matrix of the shocks to the debt ratios. Second, the assumption of normality of the shocks is...