Global economic prospects and the developing countries : 1998/99, beyond financial crisis.

Material type: TextTextPublication details: Washington, D.C. : World Bank, ©1999Description: xxiv, 215 p. : illustrationsISBN: 0821341235; 9780821341230 Subject(s): Economic forecasting -- Developing countries | Developing countries -- Economic conditions | Economic forecasting | Economic history -- 1990- | International trade | International economic relations | Economic history | Developing countriesDDC classification: 338.901724 Summary: The financial crises that have gripped developing countries and the global economy in the past 12 months or so have exposed several weaknesses that individually and in concert have contributed to these crises. Chief among them are fragilities in domestic financial systems, short-comings in macroeconomic policies, imperfections in international capital markets, and weaknesses in the international financial architecture for preventing and dealing with crises. This year's Global Economic Prospects focuses on the outlook for developing countries in the wake of the crisis (Chapter 1), policies designed to deal with crises once they have erupted (Chapter 2), and ways of preventing crises in the future (Chapter 3).
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The financial crises that have gripped developing countries and the global economy in the past 12 months or so have exposed several weaknesses that individually and in concert have contributed to these crises. Chief among them are fragilities in domestic financial systems, short-comings in macroeconomic policies, imperfections in international capital markets, and weaknesses in the international financial architecture for preventing and dealing with crises. This year's Global Economic Prospects focuses on the outlook for developing countries in the wake of the crisis (Chapter 1), policies designed to deal with crises once they have erupted (Chapter 2), and ways of preventing crises in the future (Chapter 3).

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