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Staff Studies for the World Economic Outlook, 1997
These studies provide supporting material for the analysis and scenarios in the World Economic Outlook.
Nur Jahan
Nur Jahan was one of the most powerful and influential women in Indian history. Born on a caravan traveling from Teheran to India, she became the last (eighteenth) wife of the Mughal emperor Jahangir and effectively took control of the government as he bowed to the effects of alcohol and opium. Her reign (1611-1627) marked the highpoint of the Mughal empire, in the course of which she made great contributions to the arts, religion, and the nascent trade with Europe. An intriguing, elegantly written account of Nur Jahan's life and times, this book not only revises the legends that portray her as a power-hungry and malicious woman, but also investigates the paths to power available to women in Islam and Hinduism providing a fascinating picture of life inside the mahal (harem).
In Search of Delhi
Dilli ki Khoj is an anecdotal history of Delhi and its monuments by Shri Brij Kishan Chandiwala, an eminent Gandhian. The volume was published in Hindi by the Publications Division of the Ministry of Information and Broadcasting, Government of India, in 1964 and has been out of print for many years. This English translation of Dilli ki Khoj revives an out-of-print classic and makes it more accessible to a global audience. The book covers Delhi’s long history, details on monuments built from the ancient times till the early 1960s and a detailed recording of all of Gandhiji’s visits to Delhi. It also traces significant epochs in Indian history and the rise of a national identity. The volume spans the genres of journalism, architecture, history, mythology and area studies and will be of special interest to historiographers, especially in the contemporary context.
Macroeconomic Issues Facing ASEAN Countries
This volume, edited by John Hicklin, David Robinson, and Anoop Singh, contains papers prepared for an ASEAN conference held in Jakarta in November 1996. The conference aimed to review the macroeconomic record of the member countries of ASEAN, examine the factors that have contributed to the region's economic success, and identify the policy agenda for sustaining this success into the 21st century.
China
China's economic reforms over the past two decades have brought tremendous economic transformation, rapid growth, and closer integration into the global economy. Real income per capita has increased fivefold, raising millions of Chinese out of poverty. Despite these achievements, difficult reforms--involving the state-owned enterprises and the financial sector--must still be completed, and social pressures from rising unemployment and income inequalities need to be addressed. China's accession to the World Trade Organization will bring benefits but will also impose obligations on the economy, and could prove to be a watershed for the reform process. This book looks at the country's reform process, its past successes and future challenges.
India's Fiscal Policy
Cover -- India's Fiscal Policy -- Title -- Copyright -- Contents -- Foreword -- Acknowledgements -- Disclaimer -- Introduction: Contours of the Indian Fiscal Policy Debate -- Notes -- 1 Fiscal Policy in India Trends and Trajectory -- Introduction -- Basic concepts and analytical framework -- India's fiscal policy architecture -- Evolution of Indian fiscal policy till 1991 -- Liberalization, growth, inclusion and fiscal consolidation (1991-2008) -- Crisis and return to fiscal consolidation: The maturing of Indian fiscal policy -- Conclusion -- Notes -- References -- 2 Decentralization, Indirect Tax Reform and Fiscal Federalism in India -- Introduction -- Economic disparity across Indian state...
Moving to a Flexible Exchange Rate
A growing number of countries are adopting flexible exchange rate regimes because flexibility offers more protection against external shocks and greater monetary independence. Other countries have made the transition under disorderly conditions, with the sharp depreciation of their currency during a crisis. Regardless of the reason for adopting a flexible exchange rate, a successful transition depends on the effective management of a number of institutional and operational issues. The authors of this Economic Issue describe the necessary ingredients for moving to a flexible regime, as well as the optimal pace and sequencing under different conditions.
Paper Tigers, Hidden Dragons
China presents us with a conundrum. How has a developing country with a spectacularly inefficient financial system, coupled with asset-destroying state-owned firms, managed to create a number of vibrant high-tech firms? China's domestic financial system fails most private firms by neglecting to give them sufficient support to pursue technological upgrading, even while smothering state-favoured firms by providing them with too much support. Due to their foreign financing, multinational corporations suffer from neither insufficient funds nor soft budget constraints, but they are insufficiently committed to China's development. Hybrid firms that combine ethnic Chinese management and foreign fin...
Inflation Targeting As a Framework for Monetary Policy
Inflation distorts prices, erodes savings, discourages investment,stimulates capital flight, inhibits growth, and makes economic planning anightmare. During the past decade, several advanced economies have takena new approach to the age-old problem of controlling inflation throughmonetary policy known as "inflation targeting." This pamphlet explainsthe requirements of putting the new policy in place, the experience of the countries that have tried it, and whether it has applicability todeveloping countries.
IMF Macroeconomic Research on Low-Income Countries
Summarizes the for ward-looking analytical work program on macroeconomic issues related to the Poverty Reduction Strategy Paper approach. The program is evolving through a process that began with a technical workshop; participants from low-income countries, donors, academia, and civil society drafted guidance on selected issues and identified priority research topics. Partners, policymakers, and economic scholars are encouraged to share their perspectives and findings through respective team leaders, whose e-mail addresses are provided. The publication also summarizes IMF analytical work, and contains a bibliography of nearly 1,000 papers.
