It is the group of LDCs whose reserves of indigenous energy are so small that they desperately need sizeable imports of oil, but which do not have sufficient other resources to earn the necessary foreign currency for their oil imports, that is suffering most under the economic changes which came...

During the fifties and sixties many countries of the Third World endeavoured to set up steel Industries of their own. These efforts seem to have awakened a wide-spread desire in these countries to produce also their own motorcars. As was the case with steel production, this desire is partly...