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The essay deals with the development of theory in development economics as a subdiscipline of international economics, within the context of general economic theory. Although some authors believe that it started to develop during the 19th century (as some Latin American countries gained their independence at this time), most authors connect its origin with the decolonization process of the 1950s. The first part describes its rather "naive" beginnings, when it was believed that it is possible to discover a universal theory applicable to the whole "third world" -- such as theories of vicious circles of poverty, the best ways & tools for breaking them, etc. The second phase of development economics, spanning approximately 1970-1990, was characterized by disillusionment & produced a lot of mostly analytical works dealing with partial problems. The third stage (1990-present) has been characterized by a growing demand for the so-called new synthesis. As the authors believe, such a goal would be very difficult to achieve, but in essence, it is achievable by means of joint efforts based on the Millennium Development Goals, changes of international economic & political relations systems & changes in a wide range of global issues. Adapted from the source document.

In this paper we discuss the issue of the choice of exchange rate regimes in transitive economies and the effect of exchange rate policy on the development of macroeconomic indicators (e.g. the average growth rate of real GDP in domestic currency and the development of domestic inflation). It is obvious that exchange rate policy is not a passive factor, at least in the medium term. Our analysis indicates that the fixed foreign exchange rate arrangements policy does not necessarily mean stability of the foreign exchange rates. Neither percentage exchange rate changes of fixed rates, nor their volatility measured by the standard deviation are lower than the average change is over the examined period. Our analysis indicates also that the inflation rate is growing in accordance with the growth of depreciation of the foreign exchange rate and the growth of its volatility measured by the standard deviation. It was cleared that the higher volatility of the effective nominal exchange rate is reflected by the lower average economic growth rate of transitive countries. Adapted from the source document.

Since the 1970s, the World Bank has had a new goal: poverty eradication. This essay evaluates the Bank according to this objective. Persisting poverty judges the organization's work negatively. The Bank's many policies were often even contradictory over time, bringing strong criticisms, which its current policies reflect. These are the lessons of former failures in the Banks poverty reductions policies: The Bank's strategies now concentrate on both the market & the state to promote "development." The causes of underdevelopment lie not only in bad governance, but also in states' unfavorable economic positions. It is important to cooperate with the poor while trying to reduce poverty. "Development" is not only an issue of domestic economic reforms: political & social reforms are also important. The World Bank's newest Poverty Reduction Strategy Papers (PRSPs) reflect these changes. They should achieve the ambitious Millennium goals, but time will be their judge. Adapted from the source document.

This article describes core changes, both theoretical & practical, of DC's action unity & its new features after the globalization acceleration during the 90's & the beginning of 2lst century. Following re-defintion of basic terminological issues the authors show that the "unity of purpose" famous in the 70's has not yet evaporated as predicted by some authors in the late 80's. The case is analyzed & illustrated by the failure of 5's WTO Summit in Cancun, September 2003 & also negotiations connected with the creation & activities of Group 21. The problems of agricultural subsidies are in the centre of attention with possible impact on international trade as mainly EU & its new members (including the Czech Republic) is concerned. However, the authors predict that the new LC's "unity of purpose" will be more volatile & fragile than before. Graphs, References. Adapted from the source document.

Despite the growing intensity of international trade in the last decades and the work of global economic institutions, we still face a global poverty problem. Almost half of the global population lives in poverty. Moreover, there are many examples of growing poverty in developing countries during the 1990's. In the first part of this article, I will analyze the change in the global poverty situation between 1990 and 2001. The truth is that in many cases developing countries are themselves responsible for their underdevelopment. Yet there is some evidence that the developed world bears a certain amount of responsibility for global poverty, too. The purpose of this paper is not to analyze the concrete roots of poverty in specific developing countries, because the variability of possible factors is infinite. I will therefore try to identify only the most important (the most common) roots of poverty in developing countries -- this is why I use the term "global poverty" (meaning the poverty as a global problem). I will focus more on the international (external) causes of poverty in the developing world than on the internal ones. In the final part I will explore the arguments in favor of poverty reduction. Adapted from the source document.

The article argues that many failures of economic policies, especially in the developing world, are accountable to the methodological biases of the underlying mainstream economic science. While the new institutional and development economics have substantially improved economic models, they still rely on the neoclassical assumptions of methodological individualism and utilitarism. Therefore, they cannot fully grasp the gender and cultural aspects of the societies living in developing countries, the dynamic character of their economies and their embedment in the natural, social and institutional environment. These scientific biases are analysed from the standpoint of four heterodox economic schools: those of feminist economics, evolutionary economics, ecological economics, and economic anthropology. The subsequent failure of the economic policies is documented by the cross-cutting example of the Structural Adjustment Programmes of the Bretton Woods institutions. The article concludes by emphasizing the common points of the heterodox schools and advocating for a methodological plurality in the Czech economic research and education. Adapted from the source document.

The project of world trade liberalization undertaken by the WTO is subject to heavy criticism from many different international actors. This paper suggests a way to analyze a problem of many widely differing subjects opposing a complex, ambitious & far-reaching project. First the conflict over the trade liberalization project is introduced, the most relevant subjects of international politics identified & selected subjects' most relevant interests & goals are discussed. The analysis then focuses on the common belief that the main divide over the trade liberalization project lies between WTO officials, developed countries, their pressure groups & multinational corporations on one side, & nongovernmental organizations & developing countries' representatives on the other. This hypothesis is tested according to definitions of stakeholders' interests, & a subsequent prediction of likely coalitions on each key issue. Finally, an alternative division is suggested. Adapted from the source document.