In recent years, private capital inflows to some developing countries have increased sharply. This increase has provided the financing needed to enhance the use of existing capacity and to raise investment...
Simple comparisons of growth rates in countries that have had at least two structural adjustment loans (SALs) or at least three adjustment loans show that their growth has improved more than that of other...
This paper reviews the rationale for programs and then evaluates the design, implementation, and effectiveness of Bank-supported adjustment programs and discusses lessons that have emerged from the analysis...
This paper evaluates Chile's stabilization policies since the early 1970s. Four episodes are examined: (a) the high inflation at the beginning of the military regime when inflation was close to 1000 percent...
This paper shows how the industrial structure and performance changed after Chile's dramatic trade liberalization. A comparison of the 1967 and 1979 censuses shows little improvement in productivity overall...
Since the debt crisis, many countries are still struggling to achieve a current account situation that is compatible with reduced external financing and a moderate but sustainable rate of output growth...
Unless very specific assumptions are made, theory alone cannot determine the sign of the relation between real exchange rate uncertainty and exports. On the one hand, convexity of the profit function with...
Few reform packages have led to as much controversy as the Southern Cone reforms in Chile, Argentina and Uruguay. This paper uses the benefit of hindsight to examine these controversial reforms once more;...