This paper describes the IMF’s activities in developing countries. The paper highlights that there are several instances in which the Articles of Agreement require a member to consult on its policies with the IMF. Other actions by a member concerning the exchange rate of its currency, or its...

This paper analyzes the issue of migrant workers in Europe. The paper highlights that the number of migrant workers currently in the major industrialized countries of Western Europe is not accurately known. The actual annual flow of migration into Western Europe has been growing rapidly in...

This paper reviews the influence of the tropical climate on economic development. The paper highlights that the effect of climate is clearly not the only ruling constraint on economic development. It is claimed that climatic factors severely hamper development through their impact on both human...

This paper focuses on the subject of development and income distribution, and suggests a method whereby economic development can be skewed in favor of the poor. The paper underscores that improvements in the distribution of income can be achieved by applying shadow cost significantly below money...

This paper reviews the population policy in developed countries. The paper highlights that despite the weakness of population concerns in most developed countries compared with less-developed countries, most of the former have taken certain actions that affect, or are thought to affect,...

This paper highlights that the distribution of income and wealth in developing countries has become a matter of great concern to all those interested in development. The paper highlights that in Latin America, the poorest half of the population receives about the same share of income as the top...

This paper describes the technical improvement in developing countries. It highlights that developing countries have relied heavily for their industrial development upon foreign enterprises as sources of technology and management systems. The paper underscores that through direct investment or...

This paper examines some dimensions of the problem of income inequality. The conventional approach to income inequality is to define the problem in purely relative terms. A familiar technique for this purpose is to measure inequality by the extent to which the income share of groups of...

This paper presents main highlights of the IMF Meetings in 1974. Four dominant themes for the annual discussion were clearly stated by Mr. John N. Turner, Governor of the IMF and Bank for Canada. These were inflation, reduced economic growth rates, payments disequilibria, and the crisis...

This paper reviews the procurement process under World Bank projects. The paper highlights that the World Bank’s interest in procurement under its loans stems directly from the “project” requirement of its Articles, which stipulates that it should lend for specific projects, except in...