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  • special report prepared by the Ministry of Finance
  • A special report prepared by the Polish Agency for Foreign Investment
  • 1996 was not a good year for Thailand. Economic problems piled up as thick as Bangkok's legendary traffic and the pundits forecast a Mexico-style accident. But the Big Mango, as Thailand's capital city is known, did not go splat ­ thanks to skilful technocrats who steered the country to safety. It's early days but the worst could be over, reports Gill Baker
  • US banks still go through contortions to get round the crumbling Glass-Steagall Act, which limits their securities business. But action by the US Federal Reserve will reduce some of the balance-sheet gymnastics required. It will bring one dramatic step nearer the day when banks and securities firms might merge. Michelle Celarier reports
  • The pace of development of new derivative products may have slowed since the heady days of the early 1990s, not least because users are more aware of what they are buying and what it ought to cost. But new instruments are still catching on and specific geographical markets are adapting to special local needs. Andy Webb reports
  • Latin America has returned to the debt markets with a vengeance. The momentum might ease but next year still promises a large number of issues, reports David Pilling
  • Edited by Brian Caplen
  • Ecuador's populist new president came to power on a wave of dissatisfaction with the status quo. He has already developed a reputation for eccentricity, not least for economic policies that threaten to alienate the international community. There is also worrying evidence of cronyism and an authoritarian approach to foreign investors. By Norman Peagam
  • Chairman, Salomon Brothers International
  • Edited by Steven Irvine