Regional development in LDCs

Regional policy and planning in developing countries has the task to surmount spatial disequilibria. Various theories of regional development try to show a way out of economic disparities; but these theories are not always accepted by political institutions.     

Agricultural vs. industrial development in LDCs

Since the beginning of concerted efforts for developing the Third World, the question has been whether the agricultural or the industrial sector of less developed countries (LDCs) should have priority. In trying to find an answer to this question, experts have hitherto paid too littie regard to the interdependence between the two sectors.     

National branding strategies and economic development: Implications for NIEs and LDCs

As the four newly industrialized economies (NIEs), Hong Kong, South Korea, Taiwan, and Singapore, continue to improve their economic development, there is an increasing realization of the need to create world class brands for global competition. This is because these four NIEs, largely dependent on manufactured products for highly export-oriented strategies, are facing threats from lower cost semi-NIEs and LDCs (less developing countries) that are adopting similar strategies. This article examines the important roles played by brands in securing market share. In particular, it highlights the experiences of Japan in the development of international brands. Lessons are then drawn for the NIEs and LDCs, especially with regard to the need to consciously develop world class brands as part of the overall economic growth and development. © 1995 John Wiley & Sons, Inc.     

Adjusted expectations,satisfaction and loyalty development

The primary contribution of this article is an analysis of the influence of the use of individual's expectations about a service consumption on the behavior models, that examine the process according to which loyalty and satisfaction are generated. More specifically, the research examines the implications of considering adjusted expectations, namely those that tourists have after having visited a destination, rather than those expectations they may have prior to their visit. By developing structural equations, the research verifies that the use of adjusted expectations modifies the chain of causal relationships described in the cognitive–affective explanatory models for tourist satisfaction and loyalty.     

LDCs and world monetary reform

A link between the creation of Special Drawing Rights and the financing of development aid is under discussion in order to meet the developing countries’ demands for an adequate supply with international liquidity. This article expounds critically a number of objections raised against this concept.     

LDCs and international division of labour

The following contribution represents a critical appraisal of the developing countries’ demands for a reform of the existing international division of labour which may help to find a better way of improving their position in the world trade system. It is based on a detailed analysis of the Japanese experiences in West European markets.     

Technology transfer into LDCs

Multinational enterprises play an important role in the transfer of technology into LDCs. The following article examines the various aspects of the transfer of technology and the attitude of multinational enterprises towards such transfers.     

New ways of financing LDCs

The forthcoming third plenary meeting of UNCTAD in Santiago will primarily consider how the less developed countries (LDCs) can be integrated more effectively into the world economic system. To solve the problem of development of the so-called “Third World” it is considered essential to open up new financial resources for the LDCs.     

International subcontracting involving LDCs

An increasing number of LDCs for which international subcontracting has been an accepted practice can be seen to be progressively tied to the internationalization of production and marketing.     

Forms of exports for LDCs

Development aid of the industrialized nations has taken as its focal point the promotion of nontraditional exports by LDCs. An important part of this endeavour is the spreading of enlightenment among LDCs about the possibility of finding marketing outlets for their direct and indirect exports.     

Inflation and economic growth in LDCs

Economists find it difficult to reach agreement about the effects on economic growth of depreciation of the money value. One reason is that they define certain terms in different ways, another one is that many other factors as well as inflation have an impact on economic growth. They may intensify or compensate for positive and negative relations between inflation and economic growth.     

Loans to LDCs and massive defaults

The quadrupling of oil prices since the end of 1973 was accompanied by a rapid increase in the borrowings of developing countries. A global view of their external debt situation reveals some alarming realities.     

External financing problems of LDCs

In INTERECONOMICS No. 3, 1972, Dr Erhard Eppler, Federal Minister for Economic Cooperation, expressed the view that the developing countries at UNCTAD III would not be content with mere benevolent declarations by the developed nations; on the other hand he saw less chance that the western developed countries might offer more concessions that would be regarded as adequate by developing countries than had been the case at the two previous UNCTAD sessions.     

Trade and economic development in Taiwan

Taiwan’s remarkable growth record has been the result of an outward-looking, export propelled development strategy. Recently unfavourable political and economic events have adversely affected Taiwan’s economy. This article analyses the country’s economic development and appraises its future prospects.     

Transfer of technology in LDCs

The author discusses the controversial problems connected with the transfer of highly sophisticated technologies to LDCs. In his opinion this transfer and adaptation of technologies is necessary and advantageous, but depends on the development of a national technological capacity of a developing country as a prerequisite.     

Excessive indebtedness of LDCs?

Though even in such cases there may be different opinions, it appears fairly obvious under what conditions a business is excessively indebted. However, there is hardly any agreement on the point where an entire national economy ought to be considered as overindebted. The present article discusses this problem.     

Australian tariff preferences for LDCs

In the course of the discussion of the tariff preferences granted by various developed nations to less developed countries (LDCs) it should be noted that it was Australla which first set up a comprising preference scheme. The author of this article outlines the scheme and appraises the Australlan experience.