Reforms have to be credible in order to fully reveal the intended positive effects. This important lesson for economies in transition is illustrated by recent experiences in developing countries. The following article discusses several possible ways of enhancing credibility.

The importance of non-tariff barriers in restricting free trade has risen during recent years. Due to their selectivity non-tariff barriers may distort trade even more significantly than tariffs. Developing countries and economies in transition are often most negatively affected.

The international coordination of environmental protection is particularly difficult with regard to developing countries. How can the industrialized countries be persuaded that financial compensation to the developing countries is economically justified? How can external support for the...

The dramatic changes presently taking place in the world economic environment involve considerable risks, but at the same time offer significant opportunities which should not be ignored. Some of the major challenges the world economy is facing in the 1990s are discussed in the following article.

The role of state-owned enterprises in the development process in the Third World is the subject of serious controversy. This article attempts to test empirically whether there is a relationship between the importance of public production in developing countries and their overall economic...