Exchange-rate strategies may be used to pursue the most varied objectives as instruments of development policy or of structural adjustment. The following article will examine the advantages and disadvantages of a number of exchange-rate policy options.

The United Nations Committee for Development Planning (CDP) in its annual report 1991 has attempted to redefine and update the list of countries classified as least developed in order to give guidance to donor agencies and countries about an equitable allocation of foreign assistance. We have...

"Development" can be defined and measured in a great variety of ways. The human development index used by the United Nations Development Programme represents an attempt to place the emphasis on human welfare rather than on the progress of the national economy. This index, however, contains a...

"Good governance" has become a central term in the international discussion on development co-operation. What is actually meant by "good governance"? By which yardstick can it be measured? How is governance related to development, political participation and democracy? What implications does...

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...

In view of the extent of environmental destruction in the Third World, it is necessary to make urgent use of all the instruments available in order to protect the environment and conserve natural resources. However, the priorities both of the people there and of their governments are more often...

Given the low level of tax revenue and the contradictory structure of tax legislation in many developing countries, there is broad agreement on the need for tax reforms in those countries. The following article reviews the problems associated with instituting such changes.

Technological innovations in informatics and other new technologies are having a major impact on most production and service sectors in industrialized countries. Inadequate transfer of such technologies to developing countries, with a few notable exceptions, is increasing the technology gap and...

The drugs economy has now developed into a major factor in many developing countries. What effects on the economies of the countries concerned do drugs production and the drugs trade have? How should the prospects of success for substitution policies be judged? What strategy to curb the demand...

To what extent do American, Japanese and European multinationals follow different management strategies in developing countries? What effects do these strategies have on the developing countries involved? The free trade zones in Malaysia offer a seldom opportunity to compare companies from all...