The primary focus of this study is an empirical investigation of the implications of parallel exchange markets for export adjustment to official currency depreciation. An econometric model incorporating the features of exchange control and credit constraint was estimated using pooled data from...

The Political Economy of Poverty, Equity and Growth: A Comparative Study. By Deepak Lal and H. Myint. Oxford: Clarendon Press, 1996. Pp. xviii + 458. £45. ISBN 0 19 828863 8 Liberation Ecologies: Environment, Development, Social Movements. Edited by Richard Peet and Michael Watts. London and...

Encountering Development: The Making and Unmaking of the Third World. By Arturo Escobar. Princeton, NJ: Princeton University Press, 1995. Pp.ix+290. £40/$49.50 and £13.95/$15.95. ISBN 0 691 03409 5 and 00102 2

Being and Becoming Oromo: Historical and Anthropological Enquiries. Edited by P.T.W. Baxter, Jan Hultin and Alessandro Triulzi. Uppsala: Nordiska Afrikainstitutetl Red Sea Press. Pp.311. £19.95. ISBN 91 7106 379 X The Berbers. Edited by Michael Brett and Elizabeth Fentress. Oxford: Blackwell,...

Whose Reality Counts? Putting the First Last. By Robert Chambers. London: Intermediate Technology Publications, 1996. Pp.xx + 297. £3.25. ISBN 1 85339 386 X Fighting for the Rainforest: War, Youth and Resources in Sierra Leone. By Paul Richards. Oxford: The International African Institute in...

Brazil is one of many developing countries that are struggling to upgrade their industries to attain international competitiveness. Sustained industrial competitiveness, this article argues, rests not only on firms' capabilities (micro-level) and a stable economic framework (macro-level) but...

This paper describes and analyses Indonesia's frustrating experience with chronic inflation, and demonstrates that the cause of continuing moderately high inflation is excessive growth of base money. It examines the central bank's current target growth rates for narrow and broad money and bank...

The cycle of various economic stabilisation efforts in Argentina during the 1980s has often been characterised as reflecting either policy confusion on the part of officials or their unwillingness to depart from an obsolete model of economic development. Hence, according to some, the alternation...

A two-sector model of terms of trade (TOT) determination is developed and tested using time-series data for Turkey. Empirical results support the structuralist 'flex-price agriculture fix-price industry' models. TOT is found to be sensitive to changes in nominal demand and the exchange rate....