Table of Contents:
  • 1. Overview / Ajai Chopra and Charles Collyns.
  • 2. Long-term growth trends / Ajai Chopra.
  • 3. The adjustment program of 1991-92 and its initial results / Ajai Chopra and Charles Collyns.
  • 4. The behavior of private investment / Karen Elizabeth Parker.
  • 5. Fiscal adjustement and reform / Richard Hemming.
  • 6. Recent experience with a surge in capital inflows / Charles Collyns.
  • 7. Structural reforms and the implications for investment and growth / Ajai Chopra, Woosik Chu, and Oliver Fratzscher.