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When developing countries announce debt relief agreements under the Brady Plan, their stock markets appreciate by an average of 60% in real dollar terms—a $42 billion increase in shareholder value. There is no significant stock market increase for a control group of countries that do not sign Brady agreements. The stock market appreciations successfully forecast higher future resource transfers, investment, and growth. Since the market capitalization of U.S. commercial banks with developing country loan exposure also rises—by $13 billion—the results suggest that both borrower and lenders can benefit from debt relief when the borrower suffers from debt overhang. [ABSTRACT FROM AUTHOR]

The article reports on descriptive study concerning medical care research in Shanghai with interaction between China and U.S. The study is carried out on-site by Chinese field team of 25 scientists and health workers, together with American team of two scientists. The information obtained for the study includes historical and current data from Shanghai County Bureau of Health. It also includes data from special surveys of the outcomes of pregnancy, fertility patterns of women in one commune, and the use of health services in factories. Accordingly, the study reveals that special household survey is carried out to assess the patterns of illness and use of health services.