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...

As the debate over the structural adjustment policies of the 1980s showed, the success of government policies in developing countries is also partly determined by the activities of a variety of interest groups. The same is also likely to apply to environmental policy. This article looks into the...

Adjustment programmes promoted by the IMF and the World Bank have met with mixed success in recent years. What part has the interaction of interest groups in the countries concerned played in this connection? What lessons are to be learnt for future adjustment programmes?