Volume 10, Number 6, December 1999

• Nonpayments Cycle in Russia Suffocates Economic Growth—Proposal of World Bank Economists
  Russia’s Fragile Economic Growth
  Putin Wants to Combine Strong State with Market Economy

• EBRD and World Bank Survey Reveals Intimate State-Enterprise Relationship
  EBRD: After the Russian Shock, Sound Again, Policy Director Steven M. Fries on New Priorities

• Croatia Confronts Vicious Circle of Economic Decline
  by Marinko Skare

• Russian Crisis Hits the Baltics Harder than Expected
  by Iikka Korhonen
  BOFIT—Finland’s Research Institute Monitors Transition Issues

• Milestones of Transition

• Overcoming the Obstacles to China’s Infrastructure Development
  by Chi Fulin
  Private Sector Is Embraced in China

• How Gradual Was China’s Agricultural Reform? Initial Conditions, Reform Policies, and Performance
  by Karen Macours and Johan F. M. Swinnen

• The (Not So) Mysterious Resilience of Russia’s Agricultural Collectives
  by Maria Amelina

• Oxford Analytica: Economic Slowdown Expected in Cambodia, Laos, and Vietnam

• Are Asian Economies Different?
  by Sanjay Kalra and Torsten Slok

• The William Davidson Institute
  Corporate Governance: Lessons from Transition Economy Reforms
      by Merritt Fox and Michael Heller
  Lessons from Fiascos in Russian Corporate Governance
      by Merritt B. Fox and Michael A. Heller
  Privatization and Corporate Governance: Lessons from Securities Market Failure
      by John C. Coffee, Jr.
  The Common Law and Economic Growth: Hayek Might be Right
      by Paul G. Mahoney
  Russian Privatization and Corporate Governance: What Went Wrong?
      by Bernard Black, Reinier Kraakman and Anna Tarassova
  Recent working papers of the William Davidson Institute: www.wdi.bus.umich.edu

• World Bank/IMF Agenda
• Conference Diary
• New Books and Working Papers
• Bibliography of Selected Articles