The New Basel Capital Accord and Developing Countries: Issues, Implications and Policy Proposals

The need to enhance their economic relations with each other has long been felt by developing countries. However, their efforts in this regard have met with limited success. One of the reasons for this could be that not much serious work has been done to understand the complexities and possibilities of economic relations of developing countries. The complementarities which exist among the economies of these countries remain relatively unexplored. There is a lack of concrete policy proposals which developing countries may follow to achieve their often proclaimed objective of collective self-reliance. All this needs serious and rigorous research efforts. In this perspective, the present study can be considered as a step in the right direction. It examines trade and other economic relations of developing countries of two regions of Asia-South Asian countries and member countries of the Association of Southeast Asian Nations (ASEAN). The study also explores ways and means to improve economic relations among these countries

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Developing Countries and International Trade—an Alternative View

The Journal of Modern African Studies ◽

10.1017/s0022278x00023922 ◽

1970 ◽

Vol 8 (4) ◽

pp. 605-616

Author(s):

Leslie Stein

Keyword(s):

Developing Countries ◽

Developing World ◽

Import Substitution ◽

Developed Countries ◽

Division Of Labour ◽

Alternative View ◽

International Division ◽

Trade Relations ◽

External Sector ◽

Policy Proposals

In a recent article in this Journal, J. F. Rweyemamu argues that existing trade relations between the developed and less developed countries are a major cause of the latter's poverty. In fact, he asserts that ‘the U.N. General Assembly emphasis on trade under the existing international division of labour is not only misplaced but may be regarded as a calculated strategy by the capitalist countries to mislead the developing countries’. Since trade is supposed to impoverish the developing world, Rweyemamu recommends measures leading to less reliance on the external sector and, more specifically, a programme of heavy industrialisation, in which ‘it can hardly be over-emphasised that import substitution and export promotion are not relevant as basic selection techniques’. I feel not only that Rweyemamu's policy proposals are detrimental to the interests of the developing world, but that the statistical findings and theoretical discussion from which they are derived contain both errors and omissions.

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The Causes of Poverty in the Periphery

The Journal of Modern African Studies ◽

10.1017/s0022278x00025192 ◽

1971 ◽

Vol 9 (3) ◽

pp. 453-455 ◽

Cited By ~ 3

Author(s):

Justinian F. Rweyemamu

Keyword(s):

Developing Countries ◽

International Trade ◽

International Relations ◽

Alternative Explanation ◽

Division Of Labour ◽

Alternative Formulation ◽

Underdeveloped Countries ◽

Trade Relations ◽

External Sector ◽

Policy Proposals

In a recent article in this Journal, Vol. VII, No. 4, December 1970, on ‘Developing Countries and International Trade’, Leslie Stein attempts to provide an alternative explanation of the international relations between the developed and underdeveloped countries. He asserts that I argued, in my earlier discussion of ‘International Trade and the Developing Countries’ in Vol. VII, No. 2, July 1969, that the existing trade relations between the centre and the periphery are ‘a major cause’ of the latter's poverty. Consequently, I was led to recommend measures leading to less reliance on the external sector and, more specifically, a programme of ‘heavy industrialisation’. Since Dr Stein feels not only that my policy proposals are detrimental to the interests of the periphery, but also that the statistical findings and the theoretical discussions from which they are derived contain both errors and omissions, he is led to propose an alternative formulation of the international division of labour, which, in his view, benefits the periphery.

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