It is often maintained, with reference to the increasing competition from newly industrialising countries, that Western support for the development of LDCs' economies would only amount to supplying the rope with which one will later be hanged. Our author argues that, contrary to that opinion,...

The EC's Common Agricultural Policy (CAP) tends to restrict imports of farm produce to that part of demand which is not met by domestic production. The author analyses nature and extent of the problems arising therefrom for the LDCs that are heavily dependent on exports of agricultural goods.