Donnerstag, 23. Februar 2006

Development in the Face of External Shocks
State intervention in a market – or state action for a market?

This paper attempts an analysis of existing instruments against external shocks that are available to developing countries. It aims at the identification of policy options developing countries and the International Community ought to pursue. These include the improvement of existing instruments as well as the establishment of new ones. Special emphasis is given to possible market-based instruments that might be of use.