The last decade has witnessed the emergence of a more global economy reflecting the continued rise in trade (especially of manufactures) as a proportion of output, a major shift of international specialisation, faster diffusion of technical progress and the globalisation of financial markets....

Despite decades of efforts, it has not yet been possible to integrate the developing countries satisfactorily into the world economy. Professor Glastetter examines the reasons for the failure of the integration strategies pursued hitherto and discusses the prospects of success with alternative...

There has been much discussion of the Newly Industrializing Countries (NICs) in recent years and various studies of their impact have been made. Much of the concern about NICs in the industrialized countries is however based on what they portend for the future rather than their present impact....

The foreign trade policies of the industrialized countries have become increasingly complex. The states in question do not apply uniform policies to all other countries but operate different arrangements for different groups of countries. The divergencies can be easily adduced as evidence in...

Insufficient capital and foreign exchange have often been portrayed as key constraints to the growth and development of less developed countries. These economies have thus come to rely on foreign direct investment as a means of increasing their capital base and foreign exchange reserves and, via...

Of what benefit cooperation with developing countries is in actual fact to the industrialized countries is a question which is receiving increasing attention in the discussions on development policy. In the present economic situation special interest attaches in this context of course to the...