The article analyzes the limits of the IMF as a global multilateral economic agency to handle serious balance of payments disequilibria. Capital control and growth rates in developing Asia and the twin deficit problem of the United States are also discussed. It also assesses the probability of...

No abstract received.

This paper compares Michael Spence's Growth Theory with Professor Lim Chong Yah's Trinity Growth Theory. The similarities and the differences in the two approaches are brought out in explaining the superlative growth rates of economies in the world. The writer maintains that the Trinity Growth...