The classical approach towards adjustment has proved to have considerable shortcomings, particularly in connection with supply response issues and the conditions for re-establishing sustainable growth. The following article concludes that sustainable stabilisation and adjustment require a...

Development institutions are currently revising their traditional positions on the question of adequate trade policies for developing countries. Against this background the following article takes stock of the degree to which developing countries have become integrated into the world economy and...

Many developing countries are trying to improve their economic conditions by means of structural adjustment programmes. The following article points out the weaknesses of such programmes and draws conclusions about the support that should be given to economic reform in developing countries in...

Die Akkumulation von Wissen ist für den Prozeß der wirtschaftlichen Entwicklung von zentraler Bedeutung. Diese These wurde in den letzten 10 Jahren durch eine Vielzahl von Beiträgen der sog. Endogenen Wachstumstheorie (EWT) begründet. Die vorliegenden Arbeiten weisen jedoch zwei wesentliche...

The environment in which development policy operates has changed quickly. Some of these changes are longer-term trends to which development policy should adapt: the global economy is in upheaval, while global crises are becoming the norm and are increasing the debt level even further. Moreover,...

Many developing countries are still grappling with the consequences of the pandemic and the associated high debt burdens while facing huge financing needs, inter alia related to climate change. In response, the International Monetary Fund (IMF) issued $650 billion in Special Drawing Rights...

Das Umfeld der Entwicklungspolitik hat sich rapide verändert: Die Weltwirtschaft ist im Umbruch, globale Krisen werden zur Normalität und erhöhen weiter die Schuldenstände. Daneben verstärken sie auch Ungleichheiten in unseren Partnerländern, wodurch wiederum demokratische Strukturen...