Both free trade and protectionism have been proffered as prescriptions for Third World development but neither has carried universal conviction. Neither import substitution nor export promotion strategies have come up to expectations. The author advocates a limited measure of delinking from the...

Economic independence and a New Economic Order were international political issues long before the North-South controversy was heard of. They were set out as objectives in the USA as early as the beginning of the 19th century. There are striking parallels, even in phraseology and argumentation,...

Inherent in this subject is the question of foreign trade: Does it help or hinder development of LDCs or, more concretely, under what conditions and by what measures can positive effects be achieved and negative results be avoided?

The main objectors to a link being established between special drawing rights (SDRs) and the financing of development have in the past been the industrial countries. They have been pointing out that SDRs were created for other purposes - more effective control over international liquidity - and...

In the beginning of 1972 Pakistan broke with the Commonwealth after an association of nearly 25 years. Apart from the political implications that formed the basis of this decision and that may follow from it, there are certain economic factors which merit attention.