During the fifties and sixties many countries of the Third World endeavoured to set up steel Industries of their own. These efforts seem to have awakened a wide-spread desire in these countries to produce also their own motorcars. As was the case with steel production, this desire is partly...

This paper investigates the impact of government industrial policy and trade protection of the manufacturing sector in Korea. Empirical results are provided, using 4-period panel data for the years 1963-83, for 38 Korean industries in which trade protection reduced growth rates of labor...

The pros and cons of direct investment are attracting more and more attention in public discussion. In the following article, Dr Pohle, who was not only a highly successful businessman but also an influential and much respected Member of Federal Parliament, examined the possible positive and...

Inherent in this subject is the question of foreign trade: Does it help or hinder development of LDCs or, more concretely, under what conditions and by what measures can positive effects be achieved and negative results be avoided?

During the Progressive Era at the beginning of the 20th century, the United States replaced litigation by regulation as the principal mechanism of social control of business. To explain why this happened, we present a model of choice of law enforcement strategy between litigation and regulation...

This paper documents the fundamental role played by factor accumulation in explaining the extraordinary postwar growth of Hong Kong, Singapore, South Korea and Taiwan. Participation rates, educational levels and (with the exception of Hong Kong) investment rates have risen rapidly in all four...

Development plans form one of the bases from which a development process starts. One of the problems encountered is that a large variety of action parameters in the political and economic spheres have to be taken into account in the drafting of a plan and in structural analysis. The problem of...

How much and what kind of development consulting the industrial states provide for the less developed countries (LDCs) must depend on the structure of the reciplent country and the specific needs for advice ensuing from it. Constant consultation on development issues and development programmes...

Discussion about the positive and negative effects of foreign private investment has been going on for years. In the opinion of the authors, the varying benefits and costs of foreign investments to a host country suggest specific policies to optimise their mix.