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New this Week:

Financial Crises
Lessons from the Past, Preparation for the Future
Gerard Caprio, James A. Hanson, and Robert E. Litan, eds.
Brookings Institution Press and the World Bank Group

Read sample chapter
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Numerous crises rocked the world financial sector in the 1990s: the Asian bubble burst; Argentina and Brazil suffered currency crises; and the post-Soviet economy bottomed out in Russia. Here a distinguished group of economists and policy analysts draw lessons from attempts to recover from these and other financial crises of recent history. Potential hazards facing the world economy in the twenty-first century are also discussed along with approaches that could help to prevent them.

Read more, or purchase Financial Crises.

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Book Review:

Pakistan
Between Mosque and Military
by Husain Haqqani
Carnegie Endowment for International Peace
Distributed by the Brookings Institution Press

Commentary Magazine reviewed Haqqani's Pakistan in their December 2005 issue, calling it "an outstanding book on a subject that could not be more timely."

Read "Breeding Ground, review of Pakistan: Between Mosque and Military," by Alex Alexiev, Commentary Magazine, December 2005.

Read more, or purchase Pakistan.
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The Brookings Institution Press will be exhibiting at the Allied Social Sciences Association meeting in Boston, MA on January 6-8th. Stop by our booth and examine our newest books in Business and Economics, including:

Can We Say No?
The Challenge of Rationing Health Care
by Henry J. Aaron and William B. Schwartz, with Melissa Cox

Read more, or purchase Can We Say No?.
» Discuss this Book  (PanAfricanet Forums)

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The Market for Virtue
The Potential and Limits of Corporate Social Responsibility
by David Vogel

Read more, or purchase The Market for Virtue.
» Discuss this Book  (PanAfricanet Forums)

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Math You Can't Use
Patents, Copyright, and Software
by Ben Klemens

Read more, or purchase Math You Can't Use.
» Discuss this Book  (PanAfricanet Forums)

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Restoring Fiscal Sanity 2005
Meeting the Long-Run Challenge
Alice M. Rivlin and Isabel Sawhill, eds.

Read more, or purchase Restoring Fiscal Sanity 2005.
» Discuss this Book  (PanAfricanet Forums)

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Visit the Brookings online bookstore for more book information.
View our latest catalog for new and forthcoming titles.

From now until December 31st, receive a 25% discount on featured CGD Books including Millions Saved: Proven Successes in Global Health and The United States as a Debtor Nation. To receive your discount, just enter the promotional code: CGDSpecial when ordering. These books are either joint publications with our friends at the Institute for International Economics or were published by IIE on our behalf. They are available for purchase from the IIE website by clicking on the links below.
 

Challenging Foreign Aid: A Policymaker's Guide to the Millennium Challenge Account By Steven Radelet  "Steve Radelet brings an academic's insight and a policy maker's savvy to an exposition of the most ambitious US foreign aid program in 40 years." — George Soros, Soros Fund Management "Steven Radelet is the leading analyst of the MCA. His expertise as a top development practitioner, a scholar, and a former senior Treasury official shows through on every page of this important, judicious, and timely study." — Jeffrey Sachs, Earth Institute, Columbia University Written at a practical level, this book is an invaluable resource for anyone seriously interested in the Millennium Challenge Account and US foreign assistance policy.  » Discuss this Book  (PanAfricanet Forums)

Delivering on Debt Relief: From IMF Gold to a New Aid Architecture By Nancy Birdsall and John Williamson, assisted by Brian Deese  "A hard-headed analytical work that is sensitive to the needs of poor countries. The authors do a wonderful job--their answers are simple, compelling and powerful." — Dani Rodrik, John F. Kennedy School of Government Harvard University This study addresses several broad policy questions: Is debt relief a step toward more efficient and equitable government spending, building better institutions, and attracting productive private investment in the poorest countries? Who pays for debt relief? Is there a case for further relief? Most important, how can the case for debt relief be sustained in a broader effort to combat poverty in the poorest countries? A must read for those who want to be brought up to date on the complicated and controversial subject of debt relief for the poorest countries of the world.   » Discuss this Book  (PanAfricanet Forums)

Does Foreign Direct Investment Promote Development? Edited by Theodore H. Moran, Edward M. Graham and Magnus Blomström  What is the impact of foreign direct investment (FDI) on development? The answer is important for the lives of millions—if not billions—of workers, families, and communities in the developing world. This book probes the limits of what can be determined from available evidence and from innovative investigative techniques. It presents new results, concludes with an analysis of the implications for contemporary policy debates, and proposes new avenues for future research.   » Discuss this Book  (PanAfricanet Forums)

Financing Development: The Power of Regionalism By Nancy Birdsall and Liliana Rojas-Suarez  This volume discusses the unrealized potential of regionalism in promoting not only reduction of trade barriers, but shared investment in infrastructure and enhanced policy cooperation in development of financial markets. Financing Development also offers fresh insight into how regional development banks can catalyze collective action.   » Discuss this Book  (PanAfricanet Forums)

From Social Assistance to Social Development: Targeted Education Subsidies in Developing Countries By Samuel Morley and David Coady  Groundbreaking case studies and detailed evaluations of programs in Mexico, Brazil, Bangladesh, Nicaragua, Honduras, and Chile add up to an unusual and surprising success story for skeptics of development and foreign aid.   » Discuss this Book  (PanAfricanet Forums)

Millions Saved: Proven Successes in Global Health By Ruth Levine  "The stories told are powerful proof that it really pays to invest in health." — Gro Harlem Brundtland, former Director General, World Health Organization. Millions Saved chronicles the major success stories of global health today. It presents 17 cases in which large-scale efforts to improve health in developing countries have succeeded - saving millions of lives and preserving the livelihoods and social fabric of entire communities.   » Discuss this Book  (PanAfricanet Forums)

Trade Policy and Global Poverty By William R. Cline  "This book could shape history. Cline's monumental study is a 'must read' for policymakers and others who worry about the plight of the 3 billion people living on $2 per day." — Carla Hills, former US Trade Representative. The stakes of the poor in trade policy are large: Free trade can help 500 million people escape poverty and inject $200 billion annually into the economies of developing countries, according to author William R. Cline.  This study shows how changes in trade policies in the United States and other industrial countries could help reduce poverty in developing countries. Cline first reviews the extent of global poverty and its relationship to trade and growth. He then examines the key components of these relationships to identify lines of trade policy action that could help reduce global poverty.   » Discuss this Book  (PanAfricanet Forums)

The US As a Debtor Nation By William R. Cline  "The most thorough and up-to-date look at the issue. It is to be hoped that someone with influence in Washington is paying attention." — Clive Crook in The National Journal "...an unusually thorough and thoughtful piece of policy analysis-- it will enjoy wide circulation and become even more relevant as the problems it predicts emerge." — Kenneth Rogoff, Harvard University How is America's debt of 22% of GDP and its $670 billion trade deficit sustainable? What are the challenges to the rest of the world as the US fiscal accounts and exchange rates adjust to correct this imbalance? In this important new book, CGD/IIE Senior Fellow William R. Cline argues that without a significant fiscal adjustment, the growing US foreign debt will put the US economy-- as well as the world economy and developing nations-- at risk. » Discuss this Book  (PanAfricanet Forums)