The switch from demand management to “supply-side economics” advocated in some industrial countries is also colouring development policy. The measures perceived to be right for the industrial nations are being urged on the developing countries and they are also to serve as new criteria for...

The dispute between the proponents of the market-economy road to development for the countries of the Third World and the advocates of the socialist road is an old one. Too often have the arguments been based on ideology rather than on facts. The recent publication by the World, Bank of...

Problems of indebtedness in developing countries are not isolated occurrences. The example of the Philippines, however, is for many reasons a most interesting one. On the one hand, borrowing already once culminated in a debt crisis at the end of the 60s. On the other, the Philippine foreign debt...