This Annual Report, which covers the period from July 1, 2003, to June 30, 2004, has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) in accordance with the respective bylaws of...

Many of the distortions in poorly performing economies do not originate in the banking sector, but where state banks still control a large share of the resources in the banking system, they continue to pose a risk to macroeconomic and fiscal stability. State banks are typically vehicles for...

This book is organized as follows: Chapter 1) Globalization: a Historical, Multidimensional - Perspective. Chapter 2) International Trade and the New Global Production - Structure. Chapter 3) The International Mobility of Capital and Labor. Chapter 4) Inequalities and Asymmetries in the Global...