This paper reviews the experience of a heterogeneous group of developing countries in maintaining macroeconomic stability in the face of heavy capital flows.

Even in industrial countries, the impact of information technology has not been as deep or pervasive as the debate about the benefits of the global information society sometimes makes it appear. The literature review on the US experience shows that there is neither a 'productivity paradox' nor a...

Tomorrow's world will be an urban world. The ongoing urbanization process represents, both in scale and consequence, an unprecedented phenomenon in the history of making. Not only will the majority of the world's population live in an urban environment, but big mega-cities continue to grow, and...

The dispersion of racial incomes in South Africa has been declining since the mid 1970s. This has been accompanied by rising within-group inequality, especially amongst blacks, driven by growing unemployment. In this study, it is argued that labour market changes resulting from the breakdown of...

The purpose of this paper is to explore economic and political implications of Europe's Economic and Monetary Union (EMU) for developing countries.

In 1994-97 Poland has recorded an outstanding economic performance in terms of GDP growth, simultaneous reduction of inflation and unemployment, fiscal balance, zloty real revaluation, capacity restructuring, private sector growth and institution building. The Polish success needed a market...

Rwanda's genocide was the extreme outcome of the failure of development model that was based on ethnic, regional and social exclusion; that increased deprivation,humiliation and vulnerability of the poor, that allowd state-instigated recism and discrimination to continue unabated, tha was...

Botswana, Ghana, Mauritius and South Africa are sub-Saharan African countries that stand out for their development progress. Each of these countries has succeeded against the odds, against expectations. This paper synthesizes the common ingredients of these countries’ success, and derives...