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The still chaotic states of the former Soviet Union, a growing China, and the divergent nations of Eastern Europe are striving to radically transform their economies. In their quest to become more integrated with the global economy, they are making historic changes to move toward market-based, private-enterprise systems. In this book, Barry P. Bosworth and Gur Ofer provide a balanced assessment of the progress of integration among the formerly centrally planned economies. So far, the results of the reform process range from amazing success in China to economic and political disarray in the states of the former Soviet Union. The authors outline the key issues that any successful reform program must address and the sequence in which these reforms should take place. A volume of Brookings' Integrating National Economies Series
The still chaotic states of the former Soviet Union, a growing China, and the divergent nations of Eastern Europe are striving to radically transform their economies. In their quest to become more integrated with the global economy, they are making historic changes to move toward market-based, private-enterprise systems. In this book, Barry P. Bosworth and Gur Ofer provide a balanced assessment of the progress of integration among the formerly centrally planned economies. So far, the results of the reform process range from amazing success in China to economic and political disarray in the states of the former Soviet Union. The authors outline the key issues that any successful reform program must address and the sequence in which these reforms should take place. A volume of Brookings' Integrating National Economies Series
The still chaotic states of the former Soviet Union, a growing China, and the divergent nations of Eastern Europe are striving to radically transform their economies. In their quest to become more integrated with the global economy, they are making historic changes to move toward market-based, private-enterprise systems. In this book, Barry P. Bosworth and Gur Ofer provide a balanced assessment of the progress of integration among the formerly centrally planned economies. So far, the results of the reform process range from amazing success in China to economic and political disarray in the states of the former Soviet Union. The authors outline the key issues that any successful reform program must address and the sequence in which these reforms should take place. A volume of Brookings' Integrating National Economies Series
Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
Brings together a subset of papers that have used 2 GCE models, the WAYANG Model and the GTAP Model, as part of ACIAR Project 9449 to analyse growth and policy reform issues in Indonesia.
'. . .Sevic offers an accessible and closely argued account of financial sector reform processes in Southeast Europe. Sevic's book is the result of an extensive research project on banking sector reform in the Southeast European transitional economies undertaken since late 1998. . . an extensive look at this timely volume will pay handsome dividends and could help devise successful business plans.' - Jens Bastian, Southeast European and Black Sea Studies 'The book will be a very agreeable reading to experts on the region. Its comprehensive analysis emphasises past and current conflicts, the recourse to currency board arrangements, and the persisting asymmetries with reference to the functioning of the banking system in Central Europe. . . Banking Reforms in South-East Europe is a book that college students in banking and financial markets, and banking analysts should read.' - Bruno S. Sergi, South-East Europe Review Banking Reforms in South-East Europe gives a critical and detailed overview of banking system restructuring in the transitional countries of South-Eastern Europe - Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Romania and Yugoslavia - and offers suggestions for future reforms.
To whom do the Earth's riches belong—all of mankind, the nations in which those riches are found, or individuals? Why should a relatively small number of Arabs own most of the world's oil reserves? Why should South Africans own most of the world's gold and diamond resources? Or why should the Americans and Canadians own the agriculturally rich Great Plains? Shouldn't these resources and the environment be treated as endowments available to all mankind? Long ago, the international community agreed to a system of national ownership of natural resources, giving states sovereignty over their respective territories. In recent years, however, environmentalists have raised questions about this distribution of property rights with respect to global environmental issues, such as atmospheric disposal of waste gases, preservation of the Earth's genetic material, and the destruction of tropical rain forests. When environmental impacts are global, international action may be warranted to ensure that individual nations are complying with transnational standards. In this book, part of the Brookings Integrating National Economies series, Richard N. Cooper evaluates the need for international policy action in natural resource and environmental management. Using numerous examples, he illustrates the issues that cause conflict in environment and resources policies. Cooper divides the use of natural resources into three categories and examines the rationale for international action in each. He discusses the use of resources not yet subject to national jurisdiction, such as Antarctica, open oceans, and outer space, and analyzes the effects of national action on other nations via both market and environmental externalities. Taking into account the diversity of individual states' circumstances and priorities, Copper concludes that stiff environmental regulations generally are not the best answer to environmental management. He explains that developing countries a
"Scherer has demonstrated yet again why he is one of the world's leading antitrust scholars. This book provides a much needed, in-depth study of the role of national antitrust policies in a global economy. The Antitrust Division wrestles with this question daily and this book provides a guide to us and to all those interested in antitrust policy with some important answers."—Anne K. Bingaman, Assistant Attorney General, Antitrust Division, U.S. Department of Justice. As global markets for goods, services and financial assets have become increasingly integrated, national governments no longer have as much control over economic markets. With the completion of the Uruguay Round of the GATT talks, the world economy has entered a fresh phase requiring different rules and different levels of international cooperation. Policies once thought to be entirely domestic and appropriately determined by national political institutions, are now subject to international constraints. Cogent analysis of this deeper integration of the world economy, and guidelines for government policies, are urgent priorities. This series aims to meet these needs over a range of 21 books by some of the world's leading economists, political scientists, foreign policy specialists and government officials. A volume of Brookings' Integrating National Economies Series
This book is a reinterpretation of China's international relations since 1949. Employing the notion and theory of international society, it offers a systematic examination of China's unique relationship with the society of states from its alienation in the 1950s and the 1960s to its political socialisation and economic integration in the 1980s and the 1990s. It explores how such a unique relationship has shaped and is likely to shape Chinese foreign policy. This book provides an entirely new perspective for our understanding of forces influencing Chinese foreign policy behaviour.