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 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.

The COVID-19 pandemic has had severe economic consequences in Southern Africa, resulting in an unprecedented decline in production and employment. Similar policy responses have emerged across the region, centred on temporary and inadequate relief for workers and businesses; very limited fiscal...

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...