The Overseas Private Investment Corporation (OPIC) has been officially in business since January 19, 1971. Its major purpose is to reorganise and widen the scope of programmes for the promotion of US private investment overseas in developing countries.

The disparities between the economies of developing countries and those of industrialised nations are still widening. How can the economic process in the developing countries be accelerated as soon as possible? The following article examines this decisive question.

On July 27,1971, the Commission of the European Communities has submitted a memorandum on a Joint European development policy to the governments of the EEC's member states. It has thereby called for a beginning of the discussion on cooperative action by the Communities also in the field of...

The article deals with postcolonial works in the field of development theory and policy beyond the widely discussed post-development approaches. After identifying four analytical strategies typical for postcolonial studies, it examines the works in question. Particular attention is given to the...

What major insights have emerged from development economics in the past decade, and how do they matter for the World Bank? This challenging question was recently posed by World Bank Group President David Malpass to the staff of the Development Research Group. This paper assembles a set of 13...

This paper presents a review of studies that estimate the cost of achieving the Sustainable Development Goals. Although the Sustainable Development Goals provide useful benchmarks for fiscal authorities and donors, typical cross-country costing exercises can be misleading, for a variety of...

It is the group of LDCs whose reserves of indigenous energy are so small that they desperately need sizeable imports of oil, but which do not have sufficient other resources to earn the necessary foreign currency for their oil imports, that is suffering most under the economic changes which came...

Inherent in this subject is the question of foreign trade: Does it help or hinder development of LDCs or, more concretely, under what conditions and by what measures can positive effects be achieved and negative results be avoided?

Economic growth of LDCs depends decisively on the volume of foreign currency avaliable to them. Apart from financial aid, such currencies can only be earned by exports. However, almost 90 p.c. of all export revenue of LDCs flows from shipments of raw and base materials, and thus, increasing...