Managing development / Junji Nakagawa -- Managing global risks and creating prosperity / Haider A. Khan -- Globalization and economic development / Masahiro Kawai -- Is the international trade regime contributing to liberalization in developing countries? / Kazuyori Ito -- The governance of global issues through regionalism / Isidro Morales -- Financial sector development in Latin America and East Asia / Barbara Stallings -- Restructuring the financial and corporate sector / Choong Yong Ahn -- Economic performance, crisis, and institutional reforms in East Asia and Latin America / Akira Suehiro -- Business groups as an organizational device for economic catch-up / Keun Lee -- Will inward internationalization foster economic development in Latin America? / João Carlos Ferraz, Airton Valente, Jr., and Mariana Iootty -- Determinants and effects of foreign direct investment in transition economies / Yuko Kinoshita and Nauro F. Campos -- Latin America social security reform in the 1990s / Koichi Usami -- Welfare states in East Asia / Yasuhiro Kamimura -- Characteristics of the Central European welfare system / Takumi Horibayashi.