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After two successful privatizations this summer, foreign investors have become highly enthusiastic about Polish stocks. And there's more to come: some 80 companies have applied to the SEC to issue shares before the end of the year, and 60 of these would be IPOs. Antony Currie reports.

The New Zealand economy's been riding a switchback. Stability would offer a welcome breather, as Albert Smith explains.

Best Asian Finance Minister: Chidambaram, India

Euromoney received replies from 32 economists at leading financial and economic institutions. They gave each country's economic performance for 1997 and 1998 a score out of 100, after making comparisons between countries and years. The world's fastest-growing, best-performing economy in an ideal year would score 100; the worst economy in a disastrous year would score zero. Respondents were asked consider sustained economic growth, monetary stability, current-account/budget deficit or surplus, unemployment and structural imbalances. Economists also gave their forecasts for real GNP growth for calendar years 1997 and 1998. The scores in the ranking are the average of those forecasts. The ranking represents an average of economic performance scores for 1997 and 1998. Countries which received one or no votes were excluded.

Talk about a baptism of fire. The crisis in Mexico erupted soon after economist Stanley Fischer joined the IMF in September 1994 as first deputy manager. It was a brutal lesson in the ways of the real world for the former head of the Massachusetts Institute of Technology's world-renowned economics department.

RUSSIA: THE NEXT CHAPTER

A determined reformist government has put Georgia on the road to recovery. Now foreign investors are starting to take an interest, attracted by the country's strategic position on the oil route to the Caspian Sea. But the recovery remains fragile, as Suzanne Miller found.

The new government has made a promising start, introducing reforms to free up and restructure the economy. Two important privatizations may provide proof of its commitment to change. By Gavin Gray.

A special report prepared by WestLB

A special report prepared by OTP Bank Ltd.

A special report prepared by WestLB