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The Collapse of State Socialism
Does the abrupt collapse of communist regimes in Eastern Europe arise only from errors in implementing the policy of state socialism, leaving the concept itself still a potentially valid one? Bartlomiej Kaminski argues to the contrary: state socialism is a fundamentally defective idea that was well carried out, enabling it to exist until its accumulated shortcomings made its survival extremely difficult. How did the flawed state-socialist system endure for so long? Why is it failing now? In answering these questions, Kaminski, who is both an economist and a political analyst, proposes a general theory and then applies it to the case of Poland. Contending that the breakdown of state socialism...
Does Eurosclerosis Matter?
"Whether or not labor market rigidities are an important contributor to persistently high levels of unemployment remains at the center of an important debate in Europe. European labor markets are often viewed as rigid and inflexible in opposition to those in North America where legislation is less protective and fosters more mobility. This paper shows that the labor market policies adopted by Central and Eastern European countries, aspiring to join the European Union, do not appear excessively rigid. However, significant and wide- ranging economic reform programs make it difficult to assess the impact of labor market institutions."
Breathing Clean
Because evidence that shows that diesel fumes are more toxic than was previously thought, there has been increased interest in the use of natural gas for vehicles operating in cities. Transit buses, traditionally fueled by diesel, are one of the cheapest forms of mass transit. They are also significant polluters and typically operate in heavily congested urban areas, where significant air pollution problems exist. The report provides an overview of the issues that must be considered when evaluating natural gas an alternative to diesel for use in transit buses.
Kazakhstan
"The success achieved in stimulating real change in farm ownership, control, and management in some areas, combined with the extremity of the difficulties faced by farms in less-favored areas, point to the need for an active process of policy reformulation to address the problems which are now emerging from the restrcturing process." Agriculture in Kazakhstan is in crisis the majority of farms are insolvent and production has fallen to the lowest level in 30 years. Initial restructuring efforts yielded disappointing results and mostly failed to lead to new patterns of ownership or management. However, since 1998 the government has pursued a more aggressive approach to farm restructuring base...
Institutional Reform for Irrigation and Drainage
If sustainable management of tropical forests is to be accomplished and deforestation brought under control, the on-the-ground performance of existing forest concessions, along with the allocation of new concessions, will have to be strengthened. This study examines the failures of forest concessions and the loss of tropical forests due to mismanagement during the last two decades. It also emphasizes the potential gains resulting from strengthening the allocation, management, and supervision of concessions by concentrating on improving procedures, introducing performance incentives, and monitoring key performance elements
Measurement and Meaning
This yearÂ's Global Economic Prospects argues for reshaping the global architecture of world trade to promote development and poverty reduction. The report focuses on four policy areas: -Using the WTO ministerial to launch a Â"development roundÂ" of trade negotiations that would reduce global trade barriers. -Engaging in global collective action to promote trade outside the negotiating framework of the WTO. -Adopting pro-trade development policies of high-income countries unilaterally. -Enacting new trade reform in developing countries. The report contends that the policies recommended in these four areas would reshape the global trade architecture in a way that would enhance the prospect...
Attacking Extreme Poverty
..this book...gives us a history lesson and a guide on how to build commercial finance that fits the needs of the world's poorest majority. Policy makers, finance leaders, and anyone who wants to join this revolution in banking must read this book. Around the world, a revolution is occurring in finance for low-income people. The microfinance revolution is delivering financial services to the economically active poor on a large scale through competing, financially self-sufficient institutions. In a few countries this has already happened; in others it is under way. The emerging microfinance industry has profound implications for social and economic development. For the first time in history, ...
Czech Republic
This report contains the most significant elements of intergovernmental fiscal relations in the Czech Republic including administrative structure, expenditure and revenue assignments, fiscal imbalances and transfers, access to borrowing and indebtedness, and budgeting. Although each of these elements is discussed in its own chapter, it is important to remember that they are interrelated and that reform design needs to be conducted in a coordinated manner.
Coping With the Cold
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Managing Catastrophic Disaster Risks Using Alternative Risk Financing and Pooled Insurance Structures
This report examines the existing constraints and opportunities to implement a catastrophe insurance system which can resolve the key obstacles currently impeding broader implementation of a risk funding approach. The four main pillars in such a strategy involve: strengthening the insurance sector regulatory requirements and supervision; establishment of broad based pooled catastrophe funding structures with efficient risk transfer tools; promoting public insurance policies linked to programs for loss reduction in the uninsured sectors; and strengthening the risk assessment and enforcement of structural measures such as zoning and building code compliance.
