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Officially Supported Export Credits

by Michael G. Kuhn Balazs Horvath Christopher J. Jarvis

This study discusses the importance of export credits, their recent growth, and the trend toward more extensive reliance by official bilateral creditors on export credits as an instrument of financial support, and raises a number of issues regarding the role and limitations of export credit financing, espeically for economies in transition.

Reinvigorating Growth in Developing Countries

by David Goldsbrough Sharmini Coorey Louis Dicks-Mireaux Balazs Horvath Kalpana Kochhar Mauro Mecagni Erik Offerdal Jianping Zhou

This study examines the links between adjustment policies and growth in a small group of developing countries- Bangladesh, Chile, Ghana, India, Mexico, Morocco, Senegal, and Thailand - during 1970 -93. It provides an overview of the adjustment and growth experience, examines in depth several policy issues of particular interest, and distills the principal policy lessons for the design of adjustment policies.

Thailand The Road to Sustained Growth

by Kalpana Kochhar Louis Dicks-Mireaux Balazs Horvath Mauro Mecagni Erik Offerdal Jianping Zhou

Since the mid-1960s, Thailand's growth performance has been exceptional. Although hard hit by the external shocks fo the late 1970s and the early 1980s that proved severely destabilizing to many developing countries, Thailand showed remarkable reslience: price stability was quickly restored, and the Thai economy emerged from this period with strong recovery in growth and investment, in an environment of overall macroeconomic stability. This study examines the evolution of investment and growth and Thailand's macroeconomic and structural policies, with a view to understanding the main factors that have led to this impressive economic performance.

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