This book examines the 35-year career of Vinod Thomas. He spent those 35 years within the World Bank Group in different positions and in different regions. This book is organized in four parts. First...
This first Annual Bank Conference on Development in Latin America and the Caribbean (LAC) took stock of the immediate challenges created by the peso crisis and its aftermath and of the longer-term evidence...
This report introduces a new World Bank publication which will review and analyze on a yearly basis the most important developments in Latin America and the Caribbean (LAC) during the preceding 12 months...
This paper is the second annual report by the Office of the Latin America and Caribbean Regional Vice President of the World Bank on the state of the region's economics. It focuses on the most important...
During the past few years, the Latin American countries have gone through major economic reforms that have greatly changed the region's economic landscape. What started as an isolated and slow process...
This is just one in a series of essays published in conjunction with the Bank's Fiftieth Anniversary. This series of essays is devoted to improving the understanding of the evolving role of the World Bank...
It was recognized by many developing countries in the 1980s that integration with the global economy is necessary for economic development and technological progress. Efforts to liberalize trade were controversial...
This paper provides a critical review of the existing empirical literature that deals with the relationship between trade orientation and economic performance. Using a model that avoids the shortcomings...
Exchange rate misalignment in developing countries. Economic analyses of rapid population growth. Macroeconomic adjustment in developing countries. Export processing zones: the economics of enclave manufacturing...
This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies...
This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies...
A three-goods model (importables, exportables, and nontradables) is used to analyze labor market adjustment to changes in the terms of trade and import tariffs for a small, open economy. First, a three-goods...
This paper uses three models of a small open economy to analyze the effects of terms of trade and exchange rate changes (i.e. devaluations) on labor market adjustment. First, a three goods (exportables...
The purpose of this paper is to present an analysis of the interaction between terms of trade changes, exchange rates (broadly defined) and labor markets in developing countries. This paper uses three...
In attempting to liberalize and open their economy to the rest of the world, countries often encounter problems in implementing a specific sequence for their economic strategies. They deal with questions...
The purpose of this paper is to investigate the potential role of monetary and real factors in explaining real exchange rate variability in developing countries. For this purpose two indexes of real effective...
This paper analyzes some of the more important aspects of real exchange rate misalignment in developing countries. A number of examples and real world situations are used to illustrate different points...
This paper analyzes the behavior of some key variables during the recent economic liberalization reform attempted in Chile. The paper concentrates on the behavior of the real exchange rate and nominal...
It has generally been considered that the opening of the economy to the rest of the world is an integral part of any economic reform aiming at increasing the role of markets in LDCs. Until recently, however...
It has generally been considered that the opening of the economy to the rest of the world is an integral part of any economic reform aiming at increasing the role of markets in LDCs. Until recently, however...