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.

When announcing its ideas on development policy in the Second Development Decade which began in 1971, the Federal Government said that it "wishes to promote tourism in sultable less developed countries (LDCs) through improvement of the infrastructure, especially transport, provision of...

Looking back at the 5th session, at the spirit of its debates and negotiations and at its results, one could indeed conclude that it reflected more cooperation than the preceding ones. Some of the reasons why this happened may be found in the general development. However, to a great extent it...

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...