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This report was prepared by a team led by Roberto Zagha, under the general direction of Gobind Nankani.
The 1990s were an extraordinary, contradictory, fascinating period of economic development, one evoking numerous historical parallels. But the 1990s are far from being well understood and their meaning for the future remains open to debate. In this volume, world-class economic historians analyze the growth of the world economy, globalization and its implications for domestic and international policy, the sources and sustainability of productivity growth in the USA, the causes of sluggish growth in Europe and Japan, comparisons of the Information Technologies revolution with previous innovation waves, the bubble and burst in asset prices and their impacts on the real economy, the effects of trade and factor mobility on the global distribution of income, and the changes in the welfare state, regulation, and macro-policy making. Leading scholars place the 1990s in a fuller long-run global context, offering insights into what lies ahead for the world economy in the twenty-first century.
Rapid demographic growth will add 600 million people to cities and towns in developing countries during the 1990s, about two-thirds of the expected total population increase. Of the world's 21 megacities, which will expand to have more than 10 million people, 17 will be in developing countries. With urban economic activities making up an increasing share of GDP in all countries, the productivity of the urban economy will heavily influence economic growth. This paper analyzes the fiscal, financial, and real sector linkages between urban economic activities andmacroeconomic performance. It builds on this analysis to propose a policy framework and strategy that willredefine the urban challenge in developing countries. ISBN10: 0-8213-1816-0 ISBN13: 978-0-8213-1816-4
An examination of U.S. economic policy in the 1990s, by leading policy makers as well as academic economists.
Covers trends from 1957 to 1995.
Powerful economic arguments can be made for more open trade among the OECD, socialist, and developing countries. Non- OECD economies- socialist and newly industrializing countries- are increasingly important to OECD trade and growth prospects.
America's power has declined since 1945, yet America's democratic purposes are more widely emulated in the world today than ever before, and economic growth and employment in the United States in the 1980s reached levels that rivaled the boom years of postwar prosperity from 1947-1967. Challenging the pessimists who focus only on the decline of American power, this book argues that outcomes depend much more on how America defines its political identity or national purposes in the world community and what specific economic policies it chooses. In recent years, America has projected a more self-confindent political identity, anchoring an unprecedented trend even in the communist world towards freer political institutions; and future American economic policy choices, especially the need to reduce the budget deficit, still hold the key to preserving and enhancing what considerable power the United States retains. This pathbreaking book is intended for the general reader, but will be essential reading not only for economists, politicians, and policy makers, but also for scholars and students working in economics and international relations.
Proceedings of the 1989 Conference on the Southwest Economy sponsored by the Federal Reserve Bank of Dallas
Deregulation and liberalization of product, labor, and financial markets -- together with higher levels of investment and rapid technological advances in industrial and services sectors -- should make the 1990s a period of rapid growth in the high -income OECD countries and a number of leading developing countries. But the pattern of international financial flows is likely to perpetuate two tracks of high and low growth in the developing world.
This book analyzes Chile's political economy and its attempt to build a market society in a highly inegalitarian country.