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The author presents a detailed analysis of the past performance of a large range of developing countries. They are used to examine the opportunities facing other countries in the 1990s. Analysis of the successes of the Newly Industrialising countries has always emphasized the important role of exports-a view reinforced by the problems faced by those countries who have pursued inward-looking strategies and by the impact of the debt crisis in th...

Over the last fifteen years there have been dramatic increases in both private and public intervention in international trade. Traditional barriers to market-based trade such as commodity cartels and tariffs have been augmented by new developments such as the rise of regional trade blocs and the growth of intra-firm trade. This book argues that these changes are large and persistent enough to have an impact on total development performance, an...

Developing countries now use monetary policy as part of their adjustment programmes but its targets, the tools, and the theory were developed for advanced countries. Low income countries do not have the sophisticated financial sectors that rich ones can assume, and the shocks and size of adjustment which they face may be much greater. Using six country studies, with special analysis of the roles of the external sector and the informal financia...