The foreign capital requirements of less developed countries (LDCs) are basically the result of their huge volume of investment which far exceeds their actual saving potential. In addition, their capital needs are steadily rising owing to inflation and-not least-to the higher cost of energy. As...

Despite considerable disbursements of official development aid the average annual per capita income in developing countries has increased only slightly. The prosperity gap between these countries and the industrialised nations has widened. In many cases the least degree of progress has been made...