China's hybrid capital markets . China's capital markets have taken off since their emergence in the early 1990s. But they are losing steam because China's experimental system, a hybrid of market forces operating within a planned economy, is at odds with itself. If its capital markets are to thrive, China will need to complete its macroeconomic house-cleaning, intervene less in its securities markets, and regulate more effectively. Economists and economic work in the World Bank Bank economists face enormous challenges.
Many economists believe that regional trading arrangements impede multilateralism.
The evidence, however, is mixed. Based on remarks at the World Bank's Economists Week conference made by Joseph Stiglitz. Despite years of debate, the relationship between economic growth and poverty reduction is still far from clear. Data are part of the problem comparable and consistent information is hard to come by for many developing countries. Data from India, however, reveal patterns from the past and lessons for the future.