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˙²j™aCG ¯a IO˜²fl»dG ™¡U'dG ˙˙JdG j™eCG ¯¡Ve AG™²¡SG ™»j™c „je ¿Y »d jZ CG Q'¡SCG ¯a ˜¡f˜L iCGQ f˜'»dG ‡a~J ¿Y £²d »c˜dG :˙»d'dG ?`Y ”˜¡»dG ¿e MFIAA2007004 Finance & Development, December 2007 - Arabic „‘‘‘j˜»dG ‘˙»dGh www.imf.org/fandd 2007 Ø»¡jO

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Page 1: jŽaCG ¯a IO˜†fl»dG Ž¡U…¾'dG ⁄˙¾˙JîdG …µjŽeCG ¯¡V…e AGŽ†‹¡SG ...€¦ · Economics of the Well-Off Can’t Help the Poor, Charles Karelis Making Development

MFIAA2007004

Finance & Development, December 2007 - Arabic

www.imf.org/fandd

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English edition ISSN 0015-1947

©

wwww.copyright.com

IMF Publication Services700 Nineteenth Street, NWWashington, DC, 20431, USATelephone: (202) 623-7430Facsimile: (202) 623-7201E-mail: [email protected]

Finance & Development,

International Monetary Fund, Washington, DC, 20431 USA.

Finance & Development,International Monetary Fund, Washington, DC, 20431 USA.Telephone: (202) 623-8300Facsimile: (202) 623-6149Website: http://www.imf.org/fandd

••

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The Persistence of Poverty: Why the Economics of the Well-Off Can’t Help the Poor, Charles Karelis Making Development More Sustainable: Sustainomics Framework and Practical Applications, MohanMunasinghe The Age of Turbulence: Adventures ina New World, Alan Greenspan African Development: Making Sense ofthe Issues and Actors, Todd J. Moss The Writing on the Wall: Why We Must Embrace China as a Partner orFace It as an Enemy, Will Hutton

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Finance [email protected] & Development, International Monetary Fund, Washington,

.D.C., 20431, USA

www.imf.org/imfsurvey

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www.imf.org

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The CFA Franc Zone:Common Currency, Uncommon ChallengesEdited by Anne-Marie Gulde and Charalambos Tsangarides

www.imfbookstore.org/pr/po712CFA-FD

[email protected]

Page 8: jŽaCG ¯a IO˜†fl»dG Ž¡U…¾'dG ⁄˙¾˙JîdG …µjŽeCG ¯¡V…e AGŽ†‹¡SG ...€¦ · Economics of the Well-Off Can’t Help the Poor, Charles Karelis Making Development

Arvind Subramanion profiles

Michael Kremer

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– – Quarter Journal of Economics Innovation Policy and the Economy

Strong Medicine

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Freakonomics – Cute-onomics

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James M. Boughton and Colin I. Bradford, Jr.

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Florini, Anne, and Carlos Pascual, 2007, “United Nations Reform,”

in Global Governance Reform: Breaking the Stalemate, ed. by Colin Bradford, Jr., and Johannes Linn (Washington: Brookings Institution Press), pp. 60–73.

James, Harold, 2001, The End of Globalization: Lessons from the Great Depression (Cambridge, Massachusetts: Harvard University Press).

United Nations, 2004, A More Secure World: Our Shared Responsibility, Report of the Secretary-General’s High-Level Panel on Threats, Challenges, and Change; accessed at www.un.org/secureworld.

______, Department of Economic and Social Affairs, Population Division, 2005, World Population Prospects: The 2004 Revision; accessed at http://library.imf.org/unworldpop/DISK_NAVIGATION.HTM.

U.S. Census Bureau, International Data Base; accessed at www.census.gov/ipc/www/idb/worldpopinfo.html.

Waldman, Ronald, 2007, “Global Health Governance,” in Global Governance Reform: Breaking the Stalemate, ed. by Colin Bradford, Jr., and Johannes Linn (Washington: Brookings Institution Press), pp. 100–07.

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Randall Dodd

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AltA

AAA

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Alt-A

.Inside Mortgage Finance

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(DAC)

Oya Celasun and Jan Walliser, “Predictability and Pro-Cyclicality of Aid: Do المصدر: .(Fickle Donors Undermine Economic Development?” (2007

+

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*

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OECD/DAC CRS database; World Bank estimates; Aid Architecture, IDA .Discussion Paper 15 (Washington: International Development Association, 2007)

CRS

Republic of Rwanda; Country-Based Scaling Up: Assessment of Progress and Agenda for Action (Washington: World Bank, 2007).

*

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Uri Dadush and Julia Nielson

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Messerlin, Patrick, Ernesto Zedillo, and Julia Nielson, 2005,

Trade for Development, Report of the UN Millennium Task Force on Trade (London: Earthscan for the UN Millennium Project).

Newfarmer, Richard, ed., 2006, Trade, Doha and Development: A Window into the Issues (Washington: World Bank).

Werner International; information supplied to authors in 2006. World Bank, World Development Indicators database. ———, 2004, Global Economic Prospects 2005: Trade,

Regionalism and Development (Washington). ———, 2006, Global Economic Prospects 2007: Managing the

Next Wave of Globalization (Washington). ———, 2007, “Aid for Trade: Harnessing the Global Economy

for Economic Development,” paper prepared for the Development Committee, World Bank Annual Meetings, 2007.

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Paolo Mauro and Yishay Yafeh

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Mauro, Paolo, Nathan Sussman, and Yishay Yafeh, 2006,

Emerging Markets and Financial Globalization: Sovereign Bond Spreads in 1870–1913 and Today (London: Oxford University Press).

Didier, Tatiana, Paolo Mauro, and Sergio Schmukler, 2006, “Vanishing Financial Contagion?” IMF Policy Discussion Paper 06/1 (Washington: International Monetary Fund).

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David E. Bloom

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http://stats.oecd.org/wbos/default.aspx

.www.oecd.org/dataoecd/44/45/35646083.pdf

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– H5N1

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Hecht, Robert, and Raj Shah, 2007, “Recent Trends and

Innovations in Development Assistance for Health,” in Disease Control Priorities in Developing Countries, 2nd ed., ed. by Dean T. Jamison and others (Washington: World Bank and Oxford University Press).

Norway, Office of the Prime Minister, 2007, Report of the Global Campaign for the Health Millennium Development Goals; available at www.regjeringen.no/en/dep/smk/Selected-topics/The-Millenium-Development-Goals/Global-Campaign-to-Reduce-Maternal-and-C/The-Global-Campaign-for-the-Health-Mille.html?id=481776.

For references to additional papers cited herein and a short bibliography, see this article on the Internet at www.imf.org/fandd.

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Luis A.V. Catão

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Romer Rose

.Aiolfi, Catão, and Timmerman (2006)

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Aliofi, Cat and Timmerman Burns and Mitchell Stock and Watson

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Taylor

––––

––– –––

Aiolfi, Catão, and Timmerman (2006).

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Catao, Fostel and Kapur

Aiolfi, Marco, Luis A.V. Catão, and Allan Timmerman, 2006, “Common

Factors in Latin America’s Business Cycles,” IMF Working Paper 06/49 (Washington: International Monetary Fund).

Burns, Arthur F., and Wesley C. Mitchell, 1946, Measuring Business Cycles (New York: National Bureau of Economic Research).

Catão, Luis A.V., Ana Fostel, and Sandeep Kapur, 2007, “Persistent Gaps, Volatility Types and Default Traps,” IMF Working Paper 07/148 (Washington: International Monetary Fund).

Kose, M. Ayhan, Eswar S. Prasad, and Marco E. Terrones, 2006, “How Do Trade and Financial Integration Affect the Relationship Between Growth and Volatility?” Journal of International Economics, Vol. 69, pp. 176–202.

Prebisch, Raul, 1950, The Economic Development of Latin America and Its Principal Problems (New York: United Nations Economic Commission for Latin America).

Romer, David, 1993, “Openness and Inflation: Theory and Evidence,” Quarterly Journal of Economics, Vol. 108, pp. 869–903.

Rose, Andrew K., 2005, “One Reason Countries Pay Their Debts: Renegotiation and International Trade,” Journal of Development Economics, Vol. 7, pp. 189–206.

Stock, James H., and Mark W. Watson, 2002, “Macroeconomic Forecasting Using Diffusion Indexes,” Journal of Business and Economic Statistics, Vol. 20, pp. 147–62.

Taylor, Alan M., 1998, “On the Costs of Inward-Looking Development: Price Distortions, Growth and Divergence in Latin America,” Journal of Economic History, Vol. 58, pp. 147–84.

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Abdoulaye Bio-Tchané and Etienne B. Yehoue

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(CSOs)

Bio-Tchané, Abdoulaye, and Philippe Montigny, 2000, Lutter contre

la corruption: Un impératif pour le développement du Bénin dans l’économie internationale (Cotonou, Benin: Le Flamboyant).

Bratton, Michael, and Nicholas van de Walle, 1997, Democratic Experiments in Africa (Cambridge, United Kingdom: Cambridge University Press).

Evans, Peter, 1995, Embedded Autonomy: States and Industrial Transformation (Princeton, New Jersey: Princeton University Press).

Golder, Matt, and Leonard Wantchekon, 2004, “Africa: Dictatorial and Democratic Electoral Systems since 1946,” in Handbook of Electoral System Choice, ed. by Joseph Colomer (London: Palgrave).

Huntington, Samuel P., 1968, Political Order in Changing Societies (New Haven: Yale University Press).

International Monetary Fund, 2004, Ghana: Report on the Observance of Standards and Codes—Fiscal Transparency Module, IMF Country Report 04/203, July (Washington).

Ruhashyankiko, Jean-François, and Etienne B. Yehoue, 2006, “Corruption and Technology-Induced Private Sector Development,” IMF Working Paper 06/198 (Washington: International Monetary Fund).

Yehoue, Etienne B., 2007, “Ethnic Diversity, Democracy, and Corruption,” IMF Working Paper 07/218 (Washington: International Monetary Fund).

Zambia, Ministry of Finance and National Planning, 2005, Zambia: Public Financial Management Performance Report and Performance Indicators, PFM Performance Management Report (Lusaka).

CSOs

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Charles Karelis

The Persistence of PovertyWhy the Economics of the Well-Off Can’t Help the PoorYale University Press, New Haven and London, 2007, 208 pp., $30 (cloth).

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Mohan Munasinghe

Making Development More Sustainable Sustainomics Framework and Practical ApplicationsMIND Press, Colombo, Sri Lanka, 2007, 650 pp., $40 (paper).

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Alan Greenspan

The Age of TurbulenceAdventures in a New WorldPenguin Group, 2007, 531 pp., $35 (cloth).

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Todd J. Moss

African DevelopmentMaking Sense of the Issues and ActorsLynne Rienner Publishers, Inc., Boulder, Colorado, 2007, 250 pp., $22 (paper).

Will Hutton

The Writing on the WallWhy We Must Embrace China as a Partner or Face It as an EnemySimon & Schuster Trade, New York, 2006, 432 pp., $28 (cloth).

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www.imf.org/external/np/res/docs/2007/0607.htm

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Alberto Alesina and Francesco Giavazzi,

The Future of Europe: Reform or Decline, June

Sir Courtney Blackman, The Practice of Economic Management: A Caribbean Perspective, September

Travis Bradford, Solar Revolution: The Economic Transformation of the Global Energy Industry, March

Filippo Cesarano, Monetary Theory and Bretton Woods: The Construction of an International Monetary Order, March

Barry Eichengreen, The European Economy Since 1945: Coordinated Capitalism and Beyond, March

José A. Gómez-Ibáñez, Regulating Infrastructure: Monopoly, Contracts, and Discretion, June

Alan Greenspan, The Age of Turbulence: Adventures in a New World, December

Will Hutton, The Writing on the Wall: Why We Must Embrace China as a Partner or Face It as an Enemy, December

Dr. S.B. Jones-Hendrickson, Essays on the Organization of Eastern Caribbean States (OECS) Economies, September

Charles Karelis, The Persistence of Poverty: Why the Economics of the Well-Off Can’t Help the Poor, December

Rosa Maria Lastra, Legal Foundations of International Monetary Stability, September

Paolo Mauro, Nathan Sussman, and Yishay Yafeh, Emerging Markets and Financial Globalization: Sovereign Bond Spreads in 1870–1913 and Today, June

Todd J. Moss, African Development: Making Sense of the Issues and Actors, December

Mohan Munasinghe, Making Development More Sustainable: Sustainomics Framework and Practical Applications, December

Avinash D. Persaud and John Plender, Ethics and Finance: Finding a Moral Compass in Business Today, September