Volume 9, Number 6, December 1998

• Announcement!
• Development Based on Participation--A Strategy for Transforming Societies
  by Joseph E. Stiglitz
• Deflation: A New Challenge for China's Policymakers
  by Chi Fulin
• China's Development Zones--Learning From Their Success
  by Michael Ellman
• How to Do Business--Chinese and Western Negotiation Cultures
  by Theresia M. Tauber
• Voucher Privatization with Investment Funds: A Sure Way to Decapitalize Industry
  by David Ellerman
• Reader's Forum: Destructive Force of Russia's Treasury Bonds
  by Anatoliy Zheleznyak
• William Davidson Institute: Information Flows and the Financial Sector
    Why Do Stock Prices in Emerging Markets Move in Tamdem?
             by Randall Morck, Bernard Yeung, and Wayne Yu
     Working Out Good Bankruptcy Laws
          by Elazar Berkovitch and Ronen Israel
     The Trap of Not Letting "Too Many" Banks Fail
             by Janet Mitchell
• Latest from the Davidson Institute's Publication Profiles
    Disorganization Explains Initial Economic Decline
   Searching for Optimal Unemployment Policies
• DHL: Searching for a Common Customs Code in the CIS
  by Garry Kemp  
• Foreign Trade and FDI in Hungary and Slovenia: Different Paths--Different Outcomes
  by Bartlomiej Kaminski
• Milestones of Transition
• Conference Diary
• World Bank/IMF Agenda
• New Books and Working Papers
• Bibliography of Selected Articles