Highlights

The 1999 Report makes compelling reading for those seeking answers to some of the most pressing policy challenges in today´s rapidly changing global economy.

The Report offers:

• A detailed empirical analysis of the links between economic growth, external deficits and instability in developing countries over the past three decades.

• An explanation of why trade rather than augmented private capital flows is the more secure basis for development in the South, outlining a positive trade agenda for developing countries in the next round of trade negotiations.

• A comparison of recent financial crises in Asia, Russia and Latin America.

• An extensive discussion of trends in the world oil market and its impact on oil exporters and importers.