Based on theory and on evidence from the Southern Cone the following paper concludes for emerging market economies (1) that fiscal reform is of utmost importance for macroeconomic reforms, (2) that credibility cannot be imported via a fixed exchange rate but has to be established by internal...

The United Nations Committee for Development Planning (CDP) in its annual report 1992 will address the relationships between poverty, environment and development, as a kind of input to the discussion that led to and will ensue from the United Nations Conference on Environment and Development...

Africa's total debt outstanding, which doubled during the 1980s, represents a serious threat to the continent's prospects of economic recovery and long-term development. Professor Ezenwe examines the situation in detail and proposes policy action towards a solution.