Inconsistencies in definitions of "manufactures" used to compile output and trade statistics produce a discrepancy of $60 billion in estimates of developing country exports. Clearly, international organizations must resolve these discrepancies.

Models of the RMSM-X genre can-- while preserving their logical structure-- incorporate behavioral equations and provide useful insights into policy actions that would correct internal and external macroeconomic imbalances.

Deep fiscal reform will significantly help Zimbabwe achieve a sustainable debt path, a decline in interest rates paid on public debt and a recovery of private consumption and investment.

The study of road use costs in Ghana showed, first, that such studies are in fact feasible in LDCs, notwithstanding gaps in the data, and second, that they can reveal important inefficiencies in the tax system.

Fixed exchange rates have been a bad bargain for the CFA member countries. Under reasonable tradeoffs between output and inflation, these countries would have been better off having the flexibility to adjust to external shocks.