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The World Bank's research program is intended to support all aspects of the Bank's operations, to broaden understanding of the development process, to improve the Bank's capacity to provide advice to member countries, and to assist in developing indigenous research capacity in member countries. The abstracts set forth the objectives, methodology, and achievements of ongoing or completed research projects during fiscal year 1988. Part I of the volume provides a summary of ongoing or completed research projects in the Bank's central research program during fiscal year 1988. Part II of the volume provides a summary of departmentally funded research. (Copyright (c) 1989 by The International Bank for Reconstruction and Development/The World Bank.)