G. Lessons of the crisis for policy and so on

• Asia: Sustainable recovery needs developmental State (C.Raghavan/SUNS)
  UNCTAD, in its recent Trade and Development Report, has cautioned against “excessive exuberance” over the post-crisis speed of recovery in Asia or excessive reliance on foreign resources and markets, and has advocated a “more inclusive growth” pattern to resume the fight against poverty. (19 Sept 00)

• Currency boards not appropriate for developing world (C.Raghavan)
  An UNCTAD study on exchange-rate policies for developing countries notes that the recent crises in East Asia, which spread to Eastern Europe and Latin America, has revealed how little is known about workable exchange-rate policies for developing countries. The study further points out that, except for some extreme cases, neither currency boards nor a clean float of currencies seem appropriate for developing countries. (7 Aug 00)
• Global super-regulator, at best, premature (C.Raghavan/SUNS)
  It is premature, at best, to establish a global super-regulator to promote crisis prevention worldwide (on the financial markets), and the only feasible solution would be an incremental approach, a staff working paper of the Bank of International Settlements contends. (7 Feb 00)
• Greenspan suggests new guidelines on reserves (C.Raghavan/SUNS)
• UN: Advocates 'social safety net' in Third World (Thalif Deen)
• Signs of improvement, also reassessment of risks (C.Raghavan/SUNS)
• The Siena Declaration - On the crisis of economic globalization
• The potential contribution of Japan to Asian recovery: External aid and domestic fiscal stimulus (UNCTAD)
• Tide turning on financial free market (Martin Khor/TWN)
• Those who created the crisis walk away scot-free (C.Raghavan/SUNS)
• Asia should impose foreign exchange controls, says Krugman (Martin Khor/TWN)
• Trade and Development Report 1998: UNCTAD calls for immediate actions to reverse deflation (C.Raghavan/SUNS)
• International policy responses to Asian crisis need re-evaluation (C.Raghavan/SUNS)
• Understanding a crisis through differing glasses (C.Raghavan/SUNS)
• Stock market crash will impact on global demand (Jan Kregel)