This paper reviews the experiences of a number of European countries in coping with capital inflows. It describes the nature of the inflows, their implications for macroeconomic and financial stability, and the policy responses used to cope with them. The experiences suggest that as countries...

RESUMENLa globalización es un fenómeno asimétrico y heterogéneo que ofrece oportunidades para algunas sociedades, pero que también tiene severos impactos negativos en otras. Este documento muestra los resultados de una evaluación empírica de los efectos que ha tenido para los países...

China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s...

Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the...

This report discusses major developments in the Lao People’s Democratic Republic (PDR), and updates the statistical tables on recent economic developments and provides an overview of the real sector. Factors that have limited revenue collections and developments in the monetary and...

This paper reviews economic developments in the Republic of Belarus during 1994–96. After several years of efforts at structural reform and stabilization during which little progress was made, following presidential elections in mid-1994, the authorities adopted a wide-ranging adjustment...

This Selected Issues paper on Kuwait reviews its economic development strategy and uses a variety of analytical methods to highlight Kuwait’s policy challenges and their effectiveness. Kuwait has accumulated large fiscal surpluses, enabling it to build up a sizable asset position for...

FDI flows originating in developing countries have evolved in terms of increasing magnitudes as well as in terms of their motivations. In the initial round, developing country FDI were essentially horizontal in nature, generally destined to other developing countries seeking markets. Using case...

This paper analyses the evolution of India's FDI position during the post-independence period in comparison with government policy and levels of industrialization and development. Since independence, India has pursued a strategy of industrialization with active governmental intervention....

This paper discusses different forms of international inter-firm linkages for transfer of technology, capital and other resources, e.g. foreign direct investment, licensing and other contractual modes, strategic alliances and internationalization of developing country enterprises. The paper...