The Overseas Private Investment Corporation (OPIC) has been officially in business since January 19, 1971. Its major purpose is to reorganise and widen the scope of programmes for the promotion of US private investment overseas in developing countries.

It has contributed a great deal to the problems of many young and inexperienced African states that they have been thrust into an advanced international economic, social and political system. They are expected to fit into this system, although they are sometimes lacking the level of development...

We analyze and compare the pattern of economic growth and development of China and South Korea in the postwar period. Geographical proximity and cultural affinity between the two countries, as well as the key role of the developmental state in the economies of both countries, suggests that an...