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There is much discussion about global poverty and the billions of people living with almost nothing. Why is it that governments, development banks, think-tanks, academics, NGOs and many others can't just fix the problem? Why is it that seemingly obvious reforms never happen? Why are prosperity and equity so elusive? Is the current backlash against globalization another show-stopper?

The revised second edition of Economic Development: What Everyone Needs to Know(R) brings readers right into the trenches of development policies to show what practitioners are actually doing and...

Ecuador has suffered from high external vulnerability, poor macroeconomic performance, and poor governance. A succession of external adversities linked to the volatility of oil prices and violent variations in capital flows and natural calamities, all in combination with poor economic management, resulted in macroeconomic imbalances, with negative impact on growth and social development. These deficient economic policies were partly caused by weak and too-often-changing public management, and the governance problems that traditionally characterize oil-producing countries. This informative...

An examination of financial transition through the lens of flow of funds accounts. These accounts have been used in the OECD countries for many years as an aid in analyzing money flows around their financial systems. The book reviews the evolution of financial systems in eight transition countries: Estonia, Hungary, Kazakhstan, Latvia, Lithuania, Poland, Russia and Romania. Each chapter draws upon a flow of funds analysis to illuminate the relationship between macroeconomic performance and the evolving pattern of financial flows through the emerging markets and institutions. The introductory...