Editorial 

-Taxation and social progress by Donald J. Johnston  2

Economy

-Should economic policies be co-ordinated for EMU? by Ignazio Visco 3

-Reinvigorating business dynamism in Japan by Yutaka Imai 6

-Japan's outlook 8

-Business and industry policies for knowledge-based economies by Graham Vickery 9

-Economic Outlook: A moderate rebound in 2000 12

Taxation

-Curbing harmful tax practices by Jeffrey Owens 13

-Billabongs, dugongs, Internet and tax by Michael Hardy and Frances Horner 15

-Overcoming fiscal borders in the global economy by Grace L. Perez-Navarro 18

-Taxing financial services: a future with options by Andrew Scott 22

-Tax and the euro by John Neighbor 24

-Russia's tax reform by Susan Himes and Martine Milliet-Einbinder 26

Resources

-New molecular technologies for safe drinking water by Elettra Ronchi and Salomon Wald 31

-World energy to 2020: Prospects and challenges by Maria Argiri and Fatih Birol 34

Society

-Behind the veil of human capital by Joop Hartog 37

Development

-China: a world economic leader? by Colm Foy and Angus Maddison 39

-Understanding development needs by Brian Hammond 42

OECD.org

-International labour and co-operation by Poul Nyrup Rasmussen, Prime Minister oj Denmark 44

-A borderless world: Realising the potential of global electronic commerce by John Dryden 45

-Global Year 2000 Summit by Daniel Blume 46

-Changing the labour markets and gender equality: The role of policy by Lucy Smith 47

Databank

-Indicators 48

Letters 51

Bookstore 52