The paper aims at a conceptual contribution to the normative economic analysis of rural de-velopment (RD) policies. RD is regarded as a problem of interaction between individuals; (lacking) structural change or the (missing) integration of externalities are therefore recon-structed as...

Die Staaten der Welt haben auf die Terroranschläge des 11. September 2001 und die nachfolgenden Militärschläge gegen Afghanistan unterschiedlich reagiert. In der Region Ost- und Südostasien waren die Staaten je nach Position im Gefüge der internationalen Beziehungen und je nach innerer...

By simulating a model of the optimal level of saving in a small open economy, this paper calculates the levels of optimal national saving, investment and the current account balance for five Asian countries, Hong Kong, Japan, Singapore, Malaysia and Philippines, for the period from 1997 to 2050....

The paper argues that the macro focus of the literature on the Asian crises is not helpful in understanding the causes of the crises. The actual causes lie deeper in the operation of the real, that is, the corporate sector. In this context, the paper analyzes the micro behavior of individual firms.

The IMF has been criticized for not predicting the 1997 Asian crisis and for imposing policy measures which exacerbated the situation. The IMF's policies reflect its historical experience and theoretical framework in dealing with balance of payments crises.