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Privatization in the Soviet Union
Economic initiative has passed from the center to the republics, some of which have already moved from legislation to implementation of their own republic divestiture policies. In an optimistic scenario, this trend will continue. But even under the most pessimistic scenario, it is unlikely that privatization processes identified in this study will be stopped.
Economic Consequences of German Reunification
Did the "big bang" approach work or would gradual change have been more appropriate? Which measures have worked and which have not?
Poverty and Income Distribution During Adjustment
Adjustment programs will fail when they do not recognize the interdependence of the three criteria of efficiency, welfare, and political feasibility. These programs must be tailored to both the political and economic environments of each country.
Do Rules Control Power?
Do rules control power? Or apply power? Has the elaboration and application of GATT rules been an exercise in the application or the control of economic and political power?
Financial Indicators and Growth in a Cross Section of Countries
Financial indicators may be linked to growth through two "channels" in particular: the share of GDP allocated to investment and the efficiency with which resources are used. It is empirically important to identify which financial intermediaries are doing the intermediation and to whom the financial system is allocating credit rather than simply using proxies for the overall size of the financial system, as has been common in past studies.
