Much concern has been expressed in recent years over the mounting debt burden of developing countries. The increasing amounts of loans and their hardening terms have in many cases led to external debt servicing problems of alarming magnitudes. The following contribution addresses itself to...

The Federal Republic of Germany, together with the United States of America, is one of the most determined opponents to the developing countries' demand for a general debt moratorium (and also the UNCTAD integrated programme on commodities). However, the outcome of recent international...

Though even in such cases there may be different opinions, it appears fairly obvious under what conditions a business is excessively indebted. However, there is hardly any agreement on the point where an entire national economy ought to be considered as overindebted. The present article...

In spite of its importance for the economy, trade in developing countries has been falling short of the attention it deserves in discussions about development policies. It is all the more necessary, therefore, henceforth to make the very existence, and the increasing use, of trade consulting...

At the end of 1982 South Korea had foreign debts of US $ 38 billion, the third highest total for a developing country after those of Mexico and Brazil. In contrast to these countries, however, South Korea has avoided debt crises so far. In view of the 20 or more rescheduling operations carried...

The increasing differentiation among developing countries, revealed by many indicators, also suggests that they have need of differing trade and development strategies. The following article reviews the across-the-board advice offered by agencies including the World Bank to “the” developing...

Central to the following discussion is the assertion that a foreign trade policy which maximizes the static efficiency gains from trade may result in reduced dynamic or X-efficiency and thus impair a developing country’s development potential. The dominant view of the relation between...

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...