An increasing number of voices have recently been claiming that an economic system based more strongly on the market should be introduced in Third World countries for reasons of efficiency. What conditions need to be met in the developing countries for this to be possible? What specific measures...

The growth strategies pursued by the vast majority of developing countries considerably neglect the agricultural sector. The following article discusses the main determinant factors for this discrimination, namely the shortcomings of macroeconomic as well as sectoral and project policies.

A decisive change now seems to be occurring in the development practices of the major OECD donor countries. Their own economic objectives are being moved distinctly closer to centre stage. Changes in the instruments of development policy are reputed to generate direct benefits for their own...

Plans and proposals for stimulating the world economy and thus aiding economic recovery in the developing countries have been many and varied, ranging from massive transfer of resources, whether automatic or discretionary, through the immediate programme of the Brandt Commission to a...

It is often maintained, with reference to the increasing competition from newly industrialising countries, that Western support for the development of LDCs' economies would only amount to supplying the rope with which one will later be hanged. Our author argues that, contrary to that opinion,...

After years of preparatory work, the World Bank's Board of Governors has now given its assent to the Convention Establishing the Multilateral Investment Guarantee Agency (MIGA) for foreign investment in developing countries. Is such a system adequate to mobilise large amounts of additional capital?