Keys to Prosperity -- Contents -- Preface -- The Big Picture -- A Century of Unrivaled Prosperity -- The Come and Go of the State -- Macroeconomic Ingredients for Growth and Prosperity -- Long-Run Growth in Emerging Countries -- Containing High Inātion -- Free Markets Work BestĐBut They Need a Little Tweaking -- And You Thought Social Security Was in Trouble . . . -- Growth Forever -- Germany's Economic Future -- Global Financial Markets: Ideas Whose Time Has Come -- Capital Controls: An Idea Whose Time Is Gone -- Why Bailouts Are Bad Medicine -- Check the Laws Before You Invest Abroad -- How the Fed Can Tame the Savage Currency Markets -- The Effectiveness of Exchange-Rate Changes -- No Way to Rescue the GreenbackĐAnd No Need To -- Lessons from the Mexican Crisis -- After Asia: New Directions for the International Financial System -- The Target Zone Controversy -- New Challenges for World Financial Markets -- No Apologies for Free Trade -- Is Free Trade at a Crossroads? -- : A Trade Odyssey -- U.S.-Mexico Free Trade: Good Jobs at Good Wages -- U.S.-Japan Relations Fifty Years after Pearl Harbor -- Trade with China: Add Bite to America's Bark -- European Union: Fantasies, Problems, and Impact -- Euro Realities, Fantasies, and Problems -- EMU: Will It Happen, Will It Not, and What Difference Does It Make? -- If the Franc Falls, So Will Europe's Dream of a Common Currency -- Why the Mighty Mark Is a Sitting Duck -- Europe's Money: Implications for the Dollar -- Fifty Years Deutsche Mark -- Scenarios for Europe -- A Latin Disease? Or Triangle? -- The Latin Triangle -- MexicoĐThe Folly, the Crash, and Beyond -- Another Peso Disaster May Be Waiting in the Wings -- Brazil Has Run Out of Excuses -- Argentina's Monetary Policy Lesson for Mexico -- How Not to Safeguard South Africa's Democracy -- Mexico Should Ditch the Peso for the Dollar.

Brazil's Policy Options for the Second Term -- Brazil Beyond Tropical Illusions -- The East Asian Miracle, Not Quite -- Paper Tigers, the IMF, and the World Capital Market -- Why Is Japan Shooting Itself in the Foot? -- What's the Weakest Link in the World Economy? Japan -- Mexico Learned Its Lesson. Now, Will East Asia? -- A Bailout Won't Do the Trick in Korea -- An Achilles' Heel That Could Cripple China -- Next, China? -- Good People and Bad Ideas -- A Requiem for Chancellor Kohl -- Oskar Is Trouble -- The Crisis of Global Capitalism: Mixed Praise for Soros -- Index.