Many of the present difficulties of the world economy have been blamed on the two oil-price explosions of the 1970s. Professor Chichilnisky shows that, at least in the case of the oil-importing developing countries, the negative effects have been overestimated. In fact, in some respects the oil...

Since the day of independence the Administration of Ceylon has tried by a great number of measures to cope with the country’s social and economic problems. But the much desired change for the better has not been realised so far. On the contrary: There are many indications of a threatening...