Venture capital may play an important role in supporting entrepreneurial development and small business growth. But institutional arrangements and instruments must be carefully chosen, taking into account the lessons from countries where venture capital has been a reality now for a few years. The Bank's role should be largely to disseminate these lessons.

Policies impending and neglecting the development of commercial services are a significant cause of the difficulties developing countries experience trying to expand exports. It is misguided to entrust public sector trade organizations with primary responsibility for providing exporters with support services that are better provided by private commercial enterprises.

South Korea's transition to export- led growth was a product of the interplay of four factors: pressure from the United States, strong executive power, bureaucratic reform, and a restructuring of the relations between the state and business.

The conclusions of past research and priorities for future research on the relationship between health and economic development: the effects of development on health and the effects of health on development.

Pricing models are developed to value the recapture clauses in the 1990 Mexican and Venezuelan debt restructuring agreements. The current values of the recapture clauses are less than one- quarter of the maximum contractually possible and decrease as the standard deviation of the oil price increases.

This paper offers proposals to make support services more effective through outside assistance. Especially recommended are packages of assistance and promotion built around grant funds that pay firms half the cost of commercial service suppliers, such as consultants, and/or half of their initial marketing expenses.