Taiwan is developing ever more perceptibly into what both Peking and Taipei consider it to be: a province of China, albeit a province sui generis—part of China and yet an independent state, enjoying world-wide recognition though denied diplomatic relations, a leading commercial power but...

The dispute between the proponents of the market-economy road to development for the countries of the Third World and the advocates of the socialist road is an old one. Too often have the arguments been based on ideology rather than on facts. The recent publication by the World, Bank of...

The concept of South-South cooperation in development policy seeks not only to enlarge traditional trading relations but also to strengthen the negotiating position of the Third World vis-à-vis the First World. An important partial aspect of this is cooperation in the raw materials sphere. The...

Unconventional forms of international trade (such as counterpurchase, compensation deals and barter) have assumed rapidly growing importance, especially in many developing countries, as a consequence of the fall in commodity prices and the worsening of international debt problems since the oil...

The collapse of socialism and opening up of markets in the East has led to a significant structural change in direct investment behaviour on a worldwide scale. The trend is particularly evident in Germany's direct investment patterns over the past two years. While newly industrializing countries...

Von Südafrika ging mit der politischen Wende am Kap die Hoffnung aus, das Land könnte für den gesamten Subkontinent zu einem Vorbild demokratischer Entwicklung, politischer Stabilität und wirtschaftlichen Aufschwungs werden. Tatsächlich hat die Kaprepublik diesen Erwartungen bis heute...

Ende Juni fand im kanadischen Bergdorf Kananaskis in den Rocky Mountains der G-8-Wirtschaftsgipfel der weltweit führenden Industrienationen statt. Dabei war ein ganzer Tag der von Afrika selbst eingebrachten Entwicklungsinitiative für den Kontinent Nepad (New Partnership for Africa's...

In the first part of the paper we look at economic growth in Africa over the past three decades. We divide the past three decades into two parts: A lost period from 1981 to 1995 and a recovery period since the second half of the 1990s. During the first period, Africa did not catch up but lost...

Fiscal positions of African countries have improved significantly during the past decade. Higher economic growth, better terms of trade, improved donor support notably through debt relief and better control of expenditure contributed to this improvement. But at the same time government revenue...

Fiscal positions of African countries have improved significantly during the past decade. Higher economic growth, better terms of trade, improved donor support notably through debt relief and better control of expenditure contributed to this improvement. But at the same time government revenue...