World Economic Outlook, May 1997: Globalization: Opportunities and Challenges

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International Monetary Fund, 1993 - Business & Economics - 207 pages
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This paper presents an outlook for the world economy for 1997. The paper highlights that the world economic growth quickened during 1996 following widespread deceleration of activity in 1995. Economic and financial conditions are generally propitious for the global expansion to continue in 1997 and the medium term at rates at least matching those seen during the past three years. The paper underscores that in many countries, structural reforms are enhancing the role of market forces and thereby strengthening the basis for sustained, robust growth.

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About the author (1993)

Morris Goldstein, Dennis Weatherstone Senior Fellow since 1994, has held several senior staff positions at the International Monetary Fund (1970-94), including Deputy Director of its Research Department (1987-94). He has written extensively on international economic policy and on international capital markets. He is the author of Managed Floating Plus (2002), The Asian Financial Crisis: Causes, Cures, and Systemic Implications (1998), The Case for an International Banking Standard (1997), The Exchange Rate System and the IMF: A Modest Agenda (1995), coeditor of Debating Chinese Exchange Rates (2008), Private Capital Flows to Emerging Markets after the Mexican Crisis (1996), and coauthor of Controlling Currency Mismatches in Emerging Markets (2004) with Philip Turner, and Assessing Financial Vulnerability: An Early Warning System for Emerging Markets with Graciela Kaminsky and Carmen Reinhart (2000).