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doi: 10.1080/02255189.1985.9670108pmid: N/A
Were Canada to give a greater recognition to Canada's interest in a more equitable international order and in human rights, Canadian policies towards the International Monetary Fund would need to be changed in three important ways. Firstly, Canada would support only those measures in the present international debt crisis which genuinely share the costs of the rescue operation between the borrowing countries and the lending banks. Secondly, Canada would insist that a human rights criterion be incorporated among the criteria which determine the eligibility of countries for IMF standby credits and drawings. Thirdly, Canada would advocate measures to increase the effectiveness of IMF facilities to meet the requirements of the least developed countries.
doi: 10.1080/02255189.1985.9670109pmid: N/A
The paper sets out a heuristic model of knowledge transfer from industrialized to developing countries through the activities of engineering consulting firms. This is done by using a standard framework of economic optimization with the objective of maximizing the increase of technological know-how by the industry, since knowledge is its principal factor of production, “Learning by consulting” is viewed as a process similar to “Learning by doing”. The paper also highlights the role of the engineering consulting sector in the industrialization of less developed countries.
doi: 10.1080/02255189.1985.9670110pmid: N/A
This paper attempts to dispel several commonly held misconceptions concerning the nature and origin of the current LDC debt crisis. It examines bank debt patterns and the relationship between debt and balance of payments deficits in a group of major debtor countries. The issue of financial transfer, the role of debtor country policies, and the stabilization role of bank finance are also addressed. Given the “rules of the game” which have governed bank lending to LDCs and the insufficiency of official international stabilizing mechanisms, the international community should not have assigned to the banks such a prominent role in the international payments adjustment process. The major debtor countries were likewise illadvised to have made transnational bank finance such a key ingredient in their development strategies.
doi: 10.1080/02255189.1985.9670111pmid: N/A
The strategies pursued under Malaysia's New Economic Policy to attract transnational corporations and the impact they have had on economic development are discussed. The State's ability to exert a degree of control over the role of TNCs in the nation's industrialization process is reviewed. Whilst not disputing the general usefulness of world systems theory, this paper argues for a modification of the view of LDCs as “victims” of transnational corporations.
Choudhry, Nanda K.; Datta, Arun K.
doi: 10.1080/02255189.1985.9670112pmid: N/A
Available literature on multinational enterprises (MNEs) appears to be bipolar. At one extreme is the view that modern technology has reduced the nation state as a sovereign economic unit to an anachronism and that MNEs are the agents of the integrated world economic order that is emerging. At the other extreme is the view that MNEs represent neo-colonialism in a new garb and that their role is inconsistent with the socialist bias in planning with the consequent emphasis on the growth of the public sector in the newly emergent third world countries. On the basis of available evidence from India this paper concludes that the Indian experience not only belies premonitions about MNEs bur instead lends support to the view that their contribution to the Indian economy has been valuable.
doi: 10.1080/02255189.1985.9670113pmid: N/A
The article reviews the literature on the informal sector especially as it relates to Latin America. The article is organized in such a way that it first treats of the literature within the dualist conception and then the literature which has sought alternative ways of interpreting the phenomenon. Two other aspects are also reviewed: the linkages which exist between the informal and formal sectors as well as governmental initiatives with respect to the informal sector. The article concludes by identifying those aspects which have not as yet been treated in the literature us well as those which have, but in a less than satisfactory manner.
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