Abstract East Asian countries have been catching up with the West for most of the post-war period. Indeed, during the last 15 years, developing East and South East Asia have emerged as the most dynamic region of the world economy. This paper attempts to make analytical sense of this...

The African economies, particularly those in Sub-Saharan Africa (SSA) stand today at an important crossroads. During the 1980s, for the average African country, GDP per capita fell at a rate of 0.5 percent per annum; in the 1990s it rose slightly at a rate of 0.3 percent per annum. However, in...

Abstract This paper explores the main issues involved in examining the gender impact of international capital flows to developing countries. It argues that at the macroeconomic level women lose more than men from slow and/or unstable economic growth, financial crises and meltdowns, the more so...

This is an important and ambitious book but its timing could not be more unfortunate. It is the result of a two year research project co-sponsored by the Economic Development Institute (EDI) at the World Bank and by the Center for Economic Policy Research at Stanford University. The contributors...

Although in the post-World War II period as a whole, developing countries have made substantial economic and industrial progress, during the last decade or so, many of them, particularly in Latin America and Africa, have been in an acute economic crisis . As a consequence, these countries have...

Abstract This paper investigates the relationship between information technology and the capital markets. The central analytical and policy question addressed here is what kind of financial system or capital market arrangements are most conducive to fostering information technology and its use...

Indian economic development in the recent period has attracted both favourable and unfavourable attention abroad. The development community including academics and activists regards the record of the Indian economy during the last twenty years as being extremely good by international standards....

This paper investigates the relationship between information technology and capital markets, specifically the enabling and stimulating role of the stock market in the `new economy.' A multivariate analysis is used to test the hypothesis that, other things being equal, a more fully developed and...

Abstract During the 1980s and 1990s, many developing countries (DCs) have been engaged in far-reaching reforms of their financial systems, liberalising them and making them more market-oriented. This liberalisation, involving inter alia ‘financial de-repression’ has been inspired partly by...

India began its participation in financial and trade globalisation in an orderly and limited way under Dr. Singh’s stewardship in the 1990s. The record of slow and gradual economic reform indicates that Dr. Singh sought strategic rather than close integration with the world economy, that is...