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Jack Baranson

This paper discusses the employment of women in developing countries in the light of recent changes in emphasis on the strategy and objectives of economic development. The paper highlights that in the vast majority of countries—both developed and developing—the role of women is still limited and their responsibilities restricted. This paper examines automated manufacturing techniques in developing economies. The operations and transactions of the special drawing account are discussed. The paper also analyzes Latin America’s prospects for overcoming historical attitudes and other constraints to achieve wider economic integration.

Bruce Rich, Andrew Steer, Anne O. Krueger, Mr. James M. Boughton, Jahangir Amuzegar, Bahram Nowzad, JEFFREY SACHS, Mr. Mark Allen, Ludger Schuknecht, L. Alan Winters, Mr. Michael P. Leidy, Derek Crabtree, A. P. Thirtwall, Mr. Alan A. Tait, Dominique Foray, Dominique Foray, Christopher Freeman, and Ashish Arora

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Anthony Lanyi, Mr. Claudio M. Loser, Bahram Nowzad, Stephen Heyneman, Sanjaya Lall, and Graeme Donovan

The enhancement of the IMF’s structural adjustment facility is discussed. In its April 1987 meeting, the IMF’s Interim Committee highlighted the plight of low-income countries, and outlined a strategy for their recovery. It emphasized that it is crucial for these countries to implement reforms that to be fully effective, will need to be accompanied by the timely provision of additional financing on appropriate concessional terms to support these reforms. The Committee also called upon creditor governments to grant exceptional relief with respect to official credits in highly indebted low-income countries.

Alessandro Penati, Frederick Moore, Carl Dahlman, Leif E. Christoffersen, Ridley Nelson, James Blalock, and Shahid Yusuf

This paper reviews the increasing private capital flows to less developed countries. The share of developing countries in the foreign direct investment is small, perhaps less than 30 percent of the total. The effects of this decline in the volume of foreign investment and the continued problem of capital flight have been aggravated by the serious fall in commercial bank lending to developing countries as a group and by a decline in official development assistance.

C. J. Martin

Writers on development organization often advocate the setting up of programing units in various government departments, each making plans for a single sector of the economy. But many governments of developing countries do not have the manpower for such ambitious spreading of rare expertise. The author suggests that it would often be wiser to concentrate available skills in a Central Projects Bureau.

PATRICIA ANNEZ and ALFRED FRIENDLY

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.