With global disbursements of development assistance peaking at USD 106.8 bn. in 2005, governments are about to redeem their position as leading capital provider to developing nations. An important part of this surge can be attributed to the emergence of newly active donor countries in the...

The demise of the CMEA trading system in 1991 and the shift to convertible currency settlements and world market prices was expected to bring about a severe contraction of intra-group trade, coupled with large imbalances in trade between Eastern Europe and the former Soviet Union. The observed...