Abstract The Asian economic crisis which began with the floating of the bhat by Thailand on July 1 1997 is still having devastating effects on the livelihood and the well being of millions of people in many parts of the world. The financial crisis spread from Thailand to other Asian countries,...

Abstract In a famous passage in chapter 12 of the General Theory, Keynes observed: "As the organisation of investment markets improves, the risk of the predominance of speculation does, however, increase. In one of the greatest investment markets in the world, namely, New York, the influence of...

These notes constitute an interim report on the proposed pension reform in Turkey.

We use recently created longitudinal datasets measuring legal change over time to test whether the strengthening of shareholder and creditor rights leads to greater financial development. The hypothesis that law matters to financial development is rejected, both for a sample of 5 countries...

Abstract The Asian economic crisis which began with the floating of the bhat by Thailand on July 1 1997 is still having devastating effects on the livelihood and the well being of millions of people in many parts of the world. The financial crisis spread from Thailand to other Asian countries,...

Abstract This short paper aims to contribute to the debate on the causes and remedies for high rates of unemployment and under-employment, which presently afflict large parts of both the North (industrial countries) and the South (developing countries).

This paper explores the connections between globalization, competition, competition policy and competitiveness. These concepts and the relationships between them have emerged as important issues in the current development debate at both national and international levels. The significance at the...

Abstract This paper addresses the following main issues: (1) What is the nature of corporate financing patterns (i.e. how corporations finance their investments and growth) in emerging markets, and how have these evolved during the 1980s and 1990s? (2) Are there significant differences in...

In this presentation, I concentrate on the central question of employment - a critical issue which confronts countries, both in the North and the South. The challenge is to eliminate the current mass unemployment in the North and to restore full employment, and equally importantly to provide...

Abstract The United Nations Conference on Trade and Development (UNCTAD) recently organised a Workshop in the Philippines, of trade and industry officials from Asia and Pacific countries. The Workshop had a timely purpose: to identify trading opportunities and adjustment strategies to benefit...