For a time in the mid-1970s, “Third World solidarity” was at its zenith and the prospect of a new international economic order appeared to be within reach. But by the Cancun Summit in 1981 the schism between the oil exporting developing countries and the non-oil exporting developing...

We offer a method for assessing the progress of transition economies towards becoming market economies. A simple macroeconomic model is used which incorporates certain microeconomic features relevant to a transition economy that is introducing market-driven resource allocation. According to our...

This article considers some of the problems which the globalization of the offshore oil supply industry pose for an industrialized host country. Although the vertical decomposition of the industry eases some entry problems for host country firms, substantial barriers to entry into the...