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International Monetary Fund

Abstract

The Fabric of Reform examines the effects of economic reform in three African countries in the CFA franc zone (see box on p. 3)— Cameroon, Côte d’Ivoire, and Mali—all of which gained their independence from France in 1960. Interviews with entrepreneurs, government officials, economists, and citizens help give the viewer insight into the economic gains brought about by reform as well as the challenges these countries continue to face.

International Monetary Fund

Abstract

This guide is designed to facilitate classroom use of The Fabric of Reform, a 30-minute educational video created by the International Monetary Fund. It is intended for use with students in economics and international relations courses at the secondary and postsecondary levels.

International Monetary Fund

Abstract

1. Foreign investment is important to a country’s development. Ask students to research and report on an industry that was bolstered by foreign investment and the effect that this had on the country’s overall economic development in the decades immediately following the investment.

International Monetary Fund

Abstract

To build better lives for their people, policymakers in developing countries must implement reforms that ensure that economic growth keeps pace with increasing populations. These reforms often must be implemented simultaneously or in a carefully planned sequence, and thus they necessitate a very high level of cooperative decision-making.

International Monetary Fund. External Relations Dept.
SlNCE the dissolution of the Soviet Union, most of the former member states have retained the ruble as their national currency but have followed independent monetary policies. Such a combination is not sustainable. With mounting disarray in the ruble area, each state must now quickly adopt either a common monetary policy or a separate national currency.
International Monetary Fund

Abstract

This Study Guide is designed to facilitate classroom use of The Fabric of Reform, a 30-minute educational video created by the International Monetary Fund (IMF). The Guide is intended for use with students in economics and international relations courses at the secondary and post-secondary levels. It includes a segment-by-segment summary of the video; background information; pre-viewing, post-viewing, and research activities; a list of resources; a glossary; maps; and charts.

International Monetary Fund. External Relations Dept.

The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx

Mr. Timothy D. Lane, Mr. Rolando Ossowski, and Mr. Alexander Sundakov
This paper examines the coexistence of free prices and shortages for a range of consumer goods in Ukraine during 1992. Enterprises making consumer goods were substantially free to set market-clearing prices. Yet, Ukraine’s official consumer market experienced continued shortages, while the same goods traded at higher prices in parallel markets. The paper advances a model of enterprise behavior in an environment of central allocation of inputs at preferential prices. We show that central allocation of key inputs according to perceived “need” creates incentives for excess demand to be perpetuated despite formal price liberalization. The analysis brings forth the importance of abolishing allocation mechanisms for price liberalization to bring its full efficiency effects.