IN INTERECONOMICS, No. 11/12, 1977, Klaus-Peter Treydte discussed the European Communities' "STABEX" system for export earnings stabilisation. The following contribution compares Stabex with the Compensatory Financing Facility for IMF member countries.

The Convention of Lomé anticipates several basic elements of a possible new international economic order. This relates particularly to the export earnings stabilisation system "Stabex" whose merits and deficiencies after the first two years of application are discussed in the following...

Disappointment about the results of import substituting industrialization strategies as well as the spectacular performance of a few newly industrialised countries have led many developing countries to switch in the 1970s to export oriented industrialization. This analysis cautions against any...

Government intervention in developing countries has often been biased towards the support of urban industries and the urban population. The resulting distortions in exchange rates and in the prices of the factors of production have had serious detrimental effects on rural areas. A gradual...