영문목차
Foreword=vii
Executive Summary=1
Chapter 1. Introduction=5
A Day in the Life of a Finance Minister=6
The New Global Environment for Development=7
Making Openness Work=12
Importance of a Domestic Investment Strategy=15
Importance of Strengthening Domestic Institutions of Conflict Management=17
Implications for International Governance=18
Conclusion=18
Chapter 2. Openness in Perspective=23
Why is Openness Important?=24
Importing Ideas=25
Importing Goods and Services=26
Importing Capital=29
Importing Institutions=31
Export Fallacies=32
Export (and DFI) Fetishism=33
Export Pessimism=38
Two Unlikely Cases of Export Success=38
Conclusion=40
Chapter 3. Investment Strategies=43
Two Country Vignettes=44
Heterodox Opening in Mauritius=45
Investment Policies in East Asia=48
Export-Led Growth?=49
Investment Incentives=52
What About Hong Kong?=56
Investment Transitions=58
Conclusion=62
Chapter 4. Managing Turbulence in the World Economy=67
Getting Recent Economic History Straight=68
The Golden Period of Growth=68
Oil Shocks and Debt Crises: The Watershed Years=74
Where Does the Ability to Adjust Macropolicies Come From?=77
Shocks, Macropolicies, and Social Conflicts=78
Cross-National Evidence=82
Shocks Redux: Managing the Asian Financial Crisis and the Virtues of Democracy=89
Three Lessons of the Asian Crisis=90
Why Thailand and South Korea Coped Well=91
Why Indonesia Coped Poorly=93
Discussion=94
Improving Institutions of Conflict Management=96
Improving the Credibility of the State Apparatus=97
Improving Mechanisms of Voice=97
Improving Social Safety Nets and Social Insurance=98
Conclusion=99
Chapter 5. Is Africa Different?=103
Introduction=104
An Overview of African Economic Performance=105
Why Is Africa "Marginalized in World Trade?=110
What Determines Trade Performance in Africa?=114
The Determinants of Economic Growth Within Africa=119
Country Experiences=123
The Benefits of Openness: Botswana=123
Reform and Recovery: Ghana and Uganda=127
Reform Without Growth: Mali and Gambia=128
Conclusion=129
Chapter 6. Summary and Implications=135
A Modern-Day Fable=136
The Promise and Perils of Openness=136
How Much Is Really Known about Economic Policies for Sustainable Growth?=143
International Constraints on National Policy=147
A Question of Accountability=150
Appendix=154
References=157
About the Author=166
About the ODC=167
Board of Directors=168