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There are a number of issues associated with these three subjects that require decisions by the Preparatory Conference before an initial budget or scheme of contributions can be finalised. Therefore, the Working Group has been established by the Conference Chair to consider these issues and report

Abstract. The purpose of the paper is to find out and to show how much money Romanian football has attracted from overseas (especially from Europe, the main sales market), as a result of footballer exports during 2006 and 2011. The data analysis wants to show if Romanian football makes more losses or profits as a result of footballer trading with foreign countries. The answer is given by some economic performance indicators, whose method of calculation is widely described in the methodology section, which indicates also the source of the primary data. The research reaches to the conclusion that footballer exports from Romania are insufficient (both qualitative and quantitative) in order to ensure the competitivity of Romanian clubs in comparison to their Western-European counterparts. Another finding is that the average income from footballer exports is not even enough to cover the wages of some players. Thus, the research suggests that, next to the continuation of footballer trading, clubs should also seek to diversify their revenue sources. Next to the conclusions, the paper ends with a presentation of the research limitations and with suggestions for further research.

The Africa Region Working Paper Series expedites dissemination of applied research and policy studies with potential for improving economic performance and social conditions in Sub-Saharan Africa. The Series publishes papers at preliminary stages to stimulate timely discussion within the Region and among client countries, donors, and the policy research community. The editorial board for the Series consists of representatives from professional families appointed by the Region’s Sector Directors. For additional information, please contact Paula White, managing editor of the series, (81131), Email: pwhite2@worldbank.org or visit the Web site:

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There is a worldwide trend toward defined contribution saving plans and growing interest in privatized Social Security plans. In both environments, individuals are given some responsibility to make their own asset-allocation decisions, raising concerns about how well they do at this task

contribution in terms of its coverage of countries and time period; the data are available for 181 countries for the 1970 – 2005 period. Acknowledgements: We thank Ashok Mody, Antu Panini Murshid, and Dennis Quinn for providing data, and Jacques Miniane for making his financial openness index publicly

SBR95-11321), as well as to Merrill Lynch, Inc., for financial support. We would also like to thank KPMG Peat Marwick LLP, and in particular Martha Priddy Patterson, for making available the data used to conduct We examine the effects of education on financial decision-making skills by identifying

Abstract: Landscape fragmentation creates an increasingly complex environment in which to manage forests in the United States. The effects of fragmentation on productivity, mortality, and decomposition in forests vary with fragment size, forest type, and climate. Fragmentation can affect fuel accumulation, increase the spatial variability of fuel loads, and affect the susceptibility of forests to fire. Developing a landscape-scale picture of spatial variability in fuel loads requires an understanding of fragmentation effects at a variety of scales. We propose to address the effect of forest fragmentation on fuel loads along gradients of climate, stand age, and fragment size. We will use a combination of remote sensing, field sampling and experimentation, GIS, multivariate analyses, and empirical modeling in order to quantify and compare fuel loads in fragments of different sizes (e.g. ha to km 2), ages (e.g. remnant, young to old secondary), and in different climates (e.g. tropical, temperate, and boreal). Our goal is to develop methods to better predict and map fuel loads in fragmented forests and aid in management decisions on public forested lands. The research will be coordinated from USDA Forest Service Stations in Puerto Rico and the Pacific Northwest. We will conduct field work at sites in Puerto Rico, Oregon, and Alaska to investigate a climatic gradient defining a

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