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Asia's Financial Crisis and the Role of Real Estate
This book by a distinguished academic and a professional economist from the World Bank clearly demonstrates the significant role played by the real estate sector in inducing the Asian crisis; the linkage of the real estate sector to the general economy; the causes of real estate booms and subsequent busts; and the economic costs of real estate price volatility. The book also includes suggestions for moderating such volatility in the future.
A Global Perspective on Real Estate Cycles
In March 1999, New York University Salomon Center in assocIatIOn with the Department of Finance at NYU Stern held a one-day conference on the impact of real estate cycles on the real estate industry both from a domestic as well as an international perspective. The conference featured the leading research on this topic in the United States, Europe and Asia. Currendy, the real estate industry is at a critical point. New development projects around the world are being put on hold given recent developments in the international capital markets. The industry is hard hit by the decline in real estate investment trust (REIT) share prices and a shrink ing pool of capital for real estate ventures. Thi...
Financing Social Policy
Moving beyond the 'post-Washington consensus', this book shifts the focus of development policy debates away from expenditures and austerity and towards revenues and resources. The book explores the potential and the developmental impact of different categories of resources for financing social policy in a development context.
Enterprise Restructuring and Economic Policy in Russia
Considers the achievements and challenges facing East Asia's workers. The report reviews labor outcomes and evaluates the benefits of rapid growth to workers and the impact that the region's role in the global economy has had on them. It also examines labor market policies and institutions in the region, labor in the transition economies, and the outlook for East Asian workers in the 21st century. Also available: World Development Report 1995: Workers in an Integrating World Stock no. 61102 (ISBN 0-19-521102-2).
Globalizing Justice
Governments, firms and people in developed countries, above all, the United States, by failing to live up to these responsibilities, take advantage of people in developing countries.
Asia's Fin Crisis Role of Real Estate
Chapter 14. Conclusion: Toward Efficiency and Stability in Asian Real Estate Markets -- About the Editors and Contributors -- Index
Governing Failure
Traces an important shift in international development policy as global institutions have become preoccupied with policy failure. This title is also available as Open Access.
Accountability in Public Expenditures in Latin America and the Caribbean
Fiscal discipline and public sector efficiency became prominent issues in Latin America and the Caribbean in the late 1980's following external debt crises that troubled many countries in the region. Resolution of the debt crises necessitated a first wave of reforms that largely focused on upgrading legal and regulatory frameworks or improving information systems. Nearly twenty years later progress in matching OECD practices and performance in public financial management and procurement has been uneven and has been one of the factors that impeded higher growth and competitiveness in Latin America and the Caribbean. Countries such as Chile, Brazil and Costa Rica with relatively good performan...
Environment and Industry in Developing Countries
This impressive study compares the adoption of environmentally sound technology in industrial sectors in eight developing countries. In combining a variety of quantitative and qualitative methodologies on rich empirical data the authors open the technological change black box and are able to formulate clear conclusions on the drivers and barriers for technological change. A major contribution to better understanding and governing environmentally-sound technological change. Arthur P.J. Mol, Wageningen University, The Netherlands All theory is gray, but the golden tree of life springs ever green , says Goethe. This book is very green (that is empirical) about a green topic: the adoption of env...
Central Banks at a Crossroads
This book discusses the role of central banks and draws lessons from examining their evolution over the past two centuries.
