Peru’s small industry has so far been a stagnant marginalized sector of industry. It does not yet form part of the modern structure of medium-sized and large enterprises as a complementary or even as a competitive element. But now the Peruvian Government announced officially that legislation...

The system of multiple exchange rates thus has serious disadvantages, which become even graver in some developing countries where there is a combination of several unfavourable factors. Such factors are: Inflation, insufficient savings, irrational behaviour on the part of private economic...