The New Global Economy and the Developing Countries

This book explores the principle issues surrounding the effective participation of the developing countries in the new, more interdependent global economy. It is up-to-date and offers a fresh and critical assessment of traditional approaches in the sphere of international financial and trading policies. Particular emphasis is placed upon what is not known and requires further research. Among the major issues addressed are the impact of the global exchange rate system on developing countries, the efficacy of growth-oriented structural adjustment lending, the future role of foreign direct investment, the relevance of the 'new' trade theories to the developing countries, primary commodity market problems, poverty alleviation in adjustment programmes and the role of information systems.