Latin America and the Caribbean Region Viewpoints Many articles have been written about the causes of financial crises in emerging market... ... Much less attention has been devoted to the effectiveness of alternative policy responses and the ensuing process of recovery of the real economy... This paper analyzes the adjustment process in the aftermath of speculative attacks in six countries: Argentina, Brazil, Mexico, Indonesia, Korea, and Thailand. As implied by the title, the main question to be addressed is whether the tales of adjustment in these Latin American and Asian economies were similar. This comparison is interesting for several reasons. The six countries came under the aegis of adjustment programs supported by international financial institutions, and the associated policy prescriptions have been at the center of attention. Of the six cases, one is an example of a successful defense of the currency, while another exemplifies a temporarily successful defense followed by an incomplete adjustment program. The others experienced dramatic currency devaluations. This small sample of episodes of adjustment also offers variety in the magnitude of the ensuing economic decline. While the Mexican and Argentine crises of 1995, and even the Brazilian adjustment after the October 1997 attack against its currency, were certainly costly, the Asian crises have been deeper and the recovery of the real economy has been slower. The paper draws policy implications for reducing the costs of the macroeconomic adjustment after currency crises. Also available: English edition. 1999. 52 pages. Stock no. 14541 (ISBN 0-8213-4541-9).
Water resource management policies worldwide are at a crossroads. On the one hand, a remarkable consensus on the principles of reform has emerged. On the other hand, it has turned out to be difficult to transfer the principles into reality. This document describes the distinctive experience of water reform in the state of Victoria, Australia, which has been a leader in the field. The document is a compelling "insiders' view" by three professionals who played central roles in the process. Although the Victoria experience emerges from a specific natural, cultural, historical and political context, the generic lessons on the technical and political reform procedures and the links between them are of profound relevance to those engaged in the water reform process throughout the world.
This title is now out of print. A new edition with e-book is available under ISBN 9780702041174. This practical handbook presents evidence-based guidelines for the identification and management of postnatal health needs. It reviews the evidence on the physical and psychological postpartum health problems experienced by women, and the primary management of these, and facilitates individualised care. The ten guidelines were developed by experts in postpartum health as part of a large randomised controlled trial and were peer reviewed by nationally acknowledged experts in each subject area. The guidelines were designed for use by midwives and incorporate criteria for referral, but will also be useful for other health professionals and for women. Leaflets presenting a summary of recommended management are held in a pocket inside the back cover, for ease of regular use. An essential reference for those involved with caring for women after childbirth; scientific evidence on management clearly reviewed, assessed and summarised in 'what to do' sections; each guideline is structured around one symptom area, incorporating definitions, prevalence estimates, risk factors and management, including referral; Lift-out leaflets on 'What to Do' are enclosed for easy use in clinical practice.
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