Developing Countries and the Global Financial System
This book presents the main papers and principal discussion points of a conference held in June 2000, organised jointly by the Commonwealth Secretariat, the World Bank and the IMF. The key aim was to provide policy-makers from developing countries with a forum in which to express their views on a new design of international financial architecture more appropriate to the needs of the twenty-first century. Two related themes were the examination of the critical role of the IMF and the World Bank in promoting growth and development and whether international standards and regulatory bodies operate in such a way that they help rather than hinder development of the financial system. This book looks at how these and other issues relating to the global financial system impact on the developing world. Amar Bhattacharya is Senior Advisor, Poverty Reduction and Economic Management Network at the World Bank. In this capacity, he is responsible for coordinating the Bank's work on international financial architecture. Since joining the Bank, he has had a long standing involvement in the East Asia region, including as Division chief for Country Operations, Indonesia, Papua New Guinea and the South Pacific. Prior to joining the World Bank, he worked as an international economist at the First National Bank of Chicago. Stephany Griffith-Jones is currently a professor at the Institute of Development Studies, University of Sussex. In 2000 she acted as Deputy Director of International Finance at the Commonwealth Secretariat. She has undertaken numerous studies on global capital flows with special reference to flows to emerging markets, macro-economic management of capital flows in Latin America, Eastern Europe and sub-Saharan Africa and has been a consultant to governments and international institutions on macro-economic issues.
Publication Date: 1/1/2001