On the face of it it looks as if there should be no great difference between less developed countries (LDCs) and the advanced national economies as far as planning is concerned. And yet in reality such differences do exist, even if they do not necessarily stem from the inequalities in the...

At Nairobi, during this year's annual conference of the International Monetary Fund, the Fund's President, Mr Robert S. McNamara, called upon the LDCs to treat a more equitable distribution of personal incomes as a priority aim. However, the LDCs' machinery for making policy decisions makes it...

The island's rapid industrialisation over the past decade and its development as the main trade and financial centre of South-East Asia, supported by a phenomenal growth in tourism, constitute yet another Asian economic miracle.

Reviewing President Carter's economic policy after his first few months in office, Professor Wertheimer assumes a critical attitude particularly towards Carter's energy package and anti-inflation policies which, in his opinion, show serious flaws, limitations and lack of imagination.