Since the summer of 1982 the banking community has been faced with an international debt crisis of unprecedented dimensions. The debt rescheduling agreements that have been negotiated since then involve sums totalling no less than $ 100 billion. However, they give the international financial...

While the traditional export promotion and import substitution strategies have largely failed to boost development in the Third World, rigorous dissociation from the industrialized countries cannot be regarded as a realistic strategy either. More promising seems a combination of partial...

Regional associations between developing countries have so far often proved to be less than successful. This, Professor Altmann points out, is hardly surprising in view of the lack of homogeneity of socio-political and economic systems among member countries, without which any integration...