A collection of essays by a number of internationally-known economists, this book is essential reading for those interested in development policy in the Third World. It provides new insights on a number of long-standing controversies about development policy in such fields as external constraints, import substitutions, the debt problem, direct foreign investment, counter-trade, IMF conditionality and the impact of currency devaluation.

A collection of essays by a number of internationally-known economists, this book is essential reading for those interested in development policy in the Third World. It provides new insights on a number of long-standing controversies about development policy in such fields as external constraints, import substitution, the debt problem, direct foreign investment, counter-trade, IMF conditionality and the impact of currency devalutation.