In this article we discuss the need for industrial policy and role of development banks for economic development. The catching-up of countries in the Global South to productivity levels and living standards of the Global North is the exception. There are two main economic explanations for this...

The traditional focus of development cooperation on economic growth and the transfer of technology having proved insufficient, it would seem that an international consensus on the objectives and essence of development is now emerging which places strong emphasis on participation of the people...

A long road to substantive levels of industrialization still lies ahead of most developing countries. The challenges facing policy-makers and industrialists in these countries are enormous. What role should the international community play in the second half of the '90s to support these...

In view of the preponderant role investments play at present in any development policy, it may well be worthwhile examining whether it would not be advisable in drawing up future aid schemes to lay greater emphasis on the stimulation of consumption.

The question as to which economic sectors can play a leading role in a development process has given rise to two schools of thought. The author presents a survey of the “balanced” and “unbalanced” growth theories paying special regard to their practical applicability in the framework of...

Problems of geographical distribution of infrastructural facilities in LDCs cannot be tackled without reference to development strategies. This should mainly be based on the answer to the question whether development ought to radiate from a given centre of growth, or whether a broader...

Changes that have taken place in world trade and politics during the first half of the seventies do not remain without impact on the guidelines of development policies. It is highly likely that future development policies will have to be based increasingly on partnership and not so much, as in...

This article is a rejoinder to Professor Marion Mushkat’s contribution “Pheripheric Capitalism?” which was published in INTERECONOMICS, No. 5, May 1975.

The concept of Collective Self-Reliance (CSR) has been of increasing political importance since the early seventies in the North-South negotiations and also at the South-South conferences (of non-aligned and Group of 77 countries), especially in connection with the discussions on a New...

While Mahatma Gandhi is known primarily as a freedom-fighter he had also very definite ideas on the appropriate ways of his country's economic and social development which anticipated major elements of the present development strategies of India as well as a number of other developing countries....