The essays present an up-to-date picture of the North-South negotiating process with respect to commodities. Some of the essays examine general issues concerning these negotiations, looking at topics such as power relationships and debt problems; others form coherent case studies. The development of the Common Commodity Fund also is discussed.

This book presents papers on the recycling of funds from surplus to deficit countries; stabilizing the existing International Financial System; securing an adequate level of investment return for surplus countries; the role of the special drawing rights; and mineral and energy financing.

This volume distils the thinking of an international group of leading economists on the changing roles of governments and markets in economic and social development. It argues that government has a vital role to play in facilitating the effective functioning of markets, even though the recent tendency has been to withdraw from direct involvement in certain sectors of the economy and to reduce intervention and control in others.