World Economic Situation and Prospects 2000 Department of Economic and Social Affairs and United Nations Conference on Trade and Development United Nations @bullet New York 2000 (original) (raw)
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The World Bank Economic Review is a professional journal for the dissemination of World Bank-sponsored and other research that may inform policy analysis and choice. It is directed to an international readership among economists and social scientists in government, business, international agencies, universities, and development research institutions. The Review seeks to provide the most current and best research in the field of quantitative development policy analysis, emphasizing policy relevance and operational aspects of economics, rather than primarily theoretical and methodological issues. It is intended for readers familiar with economic theory and analysis but not necessarily proficient in advanced mathematical or econometric techniques. Articles illustrate how professional research can shed light on policy choices. Consistency with World Bank policy plays no role in the selection of articles. Articles are drawn from work conducted by \Vorld Bank staff and consultants and by outside researchers. :"Ion-Bank contributors are encouraged to submit their work. SUBSCRIPTIONS: A subscription to The World Bank Economic Review (ISSN 0258-6770) comprises 3 issues. Prices include postage; for subscribers outside the Americas, issues are sent air freight.
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Chapter 1 Prospects for Growth and Poverty Reduction in Developing Countries 1 The external environment for developing countries is improving 3 The outlook for developing countries in 1999-2001 suggests significant acceleration 17 Projections for growth in developing countries in the long term are lower 22 Recent trends and prospects for poverty in developing countries 28 Risks to the forecast and a low-case scenario 36 Notes 42 References 44 Chapter 2 External Shocks, Financial Crises, and Poverty in Developing Countries 47 External shocks and poverty in developing countries 48 Income poverty and inequality during the East Asian crisis 51 Beyond current income effects of the East Asian crisis 62 Fostering sustained growth and reducing the social costs of volatility and crises 65 Notes 67 References 68 Chapter 3 Asian Restructuring: From Cyclical Recovery to Sustainable Growth 73 The uneven recovery 74 The focal point of restructuring: the financial sector 84 Corporate restructuring: some progress, but a long way to go 91 Notes 98 References 99 Chapter 4 Managing the Recent Commodity Price Cycle 103 Key issues confronting primary commodity exporters 104 The savings response to commodity price cycles 108
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