The Korean heavy and chemical industry (HCI) was a catch-up exercise which attracted cheap foreign capital to accelerate structural change. Nevertheless, the mid 1970s decision to pursue HCI as a Big Push was flawed since it did result in project despite the safeguards which Korea built into its...

The article estimates the cost of taxing the export, import or domestic sectors for the purpose of reducing the national debt. A simple GNP model is used to estimate the elasticities that characterise the three sectors and are used to simulate the effects of taxing for debt servicing. (DSE/DÜI)

In 1990, the government of Zimbabwe, led by the proclaimed Marxist-Leninist President Robert Mugabe, embarked upon a World Bank-sponsored Economic Structural Adjustment Programme (ESAP). Certain interest groups exercised considerable influence on the government in the making of the programme....

The article examines the impact of the major trade liberalization that has been introduced in Mexico since the mid-1980s on efficiency in the manufacturing sector. Alternative indicators of efficiency are estimated and changes in these indicators are explained by regression analysis, including...