"Good governance" has become a central term in the international discussion on development co-operation. What is actually meant by "good governance"? By which yardstick can it be measured? How is governance related to development, political participation and democracy? What implications does...

The success of the newly industrializing countries of the 1970s brought with it the hope that other Third World countries would soon be able to follow a similar path to development. The conditions facing this second generation of NICs appear far more unfavourable than those which faced the first...

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...