02953cam a22004574a 4500 395 The World Bank 20260707185139.0 m d cr cn||||||||| 020129s1999 dcu o i001 0 eng 0821345508 14.99 USD 9780821345504 10.1596/0-8213-4550-8 (The World Bank)395 167245 138497 Nabli, Mustapha 204604 Global Economic Prospects 2000 [electronic resource] : Mustapha Nabli Washington, D.C. : The World Bank, 1999 1 online resource (192 p.) Global Economic Prospects Developing countries are now recovering from the worst ravages of the financial crisis of 1997-98. However, the recovery is both uneven and fragile, and many countries continue to struggle in the aftermath. In addition to a review of international economic developments, this report considers three areas where the crisis has had a major impact on growth and welfare in the developing world. First, the crisis has increased poverty in the East Asian crisis countries, Brazil, and the Russian Federation, and elsewhere. Chapter 2 reviews the evidence on the crisis' social impact on East Asia and other developing countries, and addresses the broader issue of the impact of external shocks on poverty in developing countries. Second, though the East Asian crisis countries are experiencing a strong cyclical recovery, severe structural problems remain. Chapter 3 outlines the depth of the problems faced by the corporate and financial sectors of these economies, analyzes the challenges facing the restructuring process, and discusses the appropriate role of government in supporting restructuring and reducing systemic risk. Third, exchange rate depreciations and declines in demand in East Asia exacerbated the fall in primary commodity prices that began in 1996. Chapter 4 examines how the most commodity-dependent economies in the world--the major oil exporting countries and the non-oil exporters of Sub-Saharan Africa--have adjusted to the commodity price cycle. Description based on print version record. Currencies and Exchange Rates Debt Markets Economic Theory and Research Emerging Markets 200764 Finance and Financial Sector Development Financial Literacy Macroeconomics and Economic Growth Private Sector Development Mody, Ashoka 70299 Nabli, Mustapha 204604 Riordan, Mick 204605 Shaw, William 204606 Print Version: 9780821345504 Global Economic Prospects 204453 World Bank e-Library. http://elibrary.worldbank.org/content/book/9780821345504 EBK 167245 138497