In recent years much attention has been given to the subject of delinking of developing countries from the world economy. John H. Adler gives an account of the arguments for delinking which is followed by an evaluation of these arguments and a discussion of the policy implications for industrial...

Since 1970 the world economy has gone through a series of grave crises which have stimulated an intensive discussion about the economic and political relations between industrialized and developing countries. As seen from the Federal Republic of Germany, the witnessed events have not only an...

On the face of it it looks as if there should be no great difference between less developed countries (LDCs) and the advanced national economies as far as planning is concerned. And yet in reality such differences do exist, even if they do not necessarily stem from the inequalities in the...

At Nairobi, during this year's annual conference of the International Monetary Fund, the Fund's President, Mr Robert S. McNamara, called upon the LDCs to treat a more equitable distribution of personal incomes as a priority aim. However, the LDCs' machinery for making policy decisions makes it...

The island's rapid industrialisation over the past decade and its development as the main trade and financial centre of South-East Asia, supported by a phenomenal growth in tourism, constitute yet another Asian economic miracle.

A decisive change now seems to be occurring in the development practices of the major OECD donor countries. Their own economic objectives are being moved distinctly closer to centre stage. Changes in the instruments of development policy are reputed to generate direct benefits for their own...

The question as to which economic sectors can play a leading role in a development process has given rise to two schools of thought. The author presents a survey of the “balanced” and “unbalanced” growth theories paying special regard to their practical applicability in the framework of...

Economic growth of LDCs depends decisively on the volume of foreign currency avaliable to them. Apart from financial aid, such currencies can only be earned by exports. However, almost 90 p.c. of all export revenue of LDCs flows from shipments of raw and base materials, and thus, increasing...