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Rapport sur le developpement dans le monde 1988 (Francês)

This report is the eleventh int he annual series assessing major development issues. Part I reviews recent trends in the world economy and their implications for the future prospects of developing countries. Part II examines the role of public finance in development. The report maintains that world economic growth has continued through 1987 and into 1988, but two problems have characterized the recent trends: unsustainable economic imbalances within and among industrial countries, and highly uneven economic growth among them. In addition, the rapid expansion of the public sector in recent decades and the emergence of fiscal crises in most developing countries during the 1980s have made public finance the focus of the development and adjustment challenge.

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