Front Matter

Front Matter Page

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Front Matter Page

Editor

  • J.D. Scott

Deputy Editor

  • Donald Townson

Consulting Editors

  • L. Rubén Azócar

  • Paul A. Gibeault

Advisors to the Editor

  • Roger V. Anderson

  • Barend A. de Vries

  • H. Geoffrey Hilton

  • John A. King

  • John E. Merriam

  • Carlos E. Sansón

  • Eugene R. Schlesinger

  • Charles F. Schwartz

  • U Tun Wai

  • David Williams

Assistant to the Editor

  • Nicholas Gilbert

Editorial Assistant

  • Marjorie H. Antonoff

Design

  • Hördur Karlsson

  • Richard W. Stoddard

  • Linda M. Reynolds

Finance and Development is published quarterly in English, French, and Spanish by the International Monetary Fund and the International Bank for Reconstruction and Development, Washington, D.C. 20431, U.S.A.

New readers who wish to see Finance and Development regularly may request an appropriate institution to make application to be added to our English edition mailing list. Such institutions will receive the publication free of charge. Additional copies will be supplied to institutions already on the list in accordance with reader demand. Applications should be mailed to Finance and Development, International Monetary Fund Building, Washington, D.C., 20431, U.S.A.

A German language edition is published by the International Monetary Fund and the International Bank for Reconstruction and Development in collaboration with HWWA—Institut fur Wirt-schaftsforschung-Hamburg, sponsored by Kreditanstalt für Wiederaufbau and produced by Verlag Weltarchiv GmbH.

Readers wishing to receive the German edition should write directly to Finanzierung and Entwick-lung, HWWA-Institut, 2 Hamburg 36, Neuer Jungfernstieg 21, Germany.

A selection of the contents of Finance and Development is published annually in Rio de Janeiro, Brazil, in cooperation with the United Nations Information Center, in Portuguese.

Opinions expressed in articles and other material are those of the writer or writers; they are not statements of Fund or Bank policy.

The contents of Finance and Development may be quoted or reproduced without further permission. Due acknowledgment is requested.

Controlled circulation postage paid at Washington, D.C.

table of contents

  • Development and Income Distribution

    • John H. Adler

  • Economic growth has been accompanied by increasing inequality in many developing countries. But a strategy of “nibbling” at the problems of income distribution through financial and technical assistance seems promising.

  • The Plight of Small Countries

    • Barend A. de Vries

  • Small countries receive more aid than big ones, on both a per capita basis and as a percentage of their GNP. But this may not be as unfair as it seems.

  • Priorities for Statistical Development

    • George J. Novak

  • In improving social and economic statistics in developing countries, scarce resources such as skilled manpower and technical facilities can be best used by concentrating on priority sectors.

  • How Relevant is Finance for Development?

    • Anand G. Chandavarkar

  • Existing financial policies, practices, and institutions in many developing countries are a major obstacle to economic growth.

  • Economic Aid Through Debt Relief

    • Thomas M. Klein

  • Long-term foreign assistance, or help toward resolving a short-term liquidity problem?—a look at this sensitive issue with a table summarizing multilateral debt renegotiations 1956-73.

  • Incomes and Labor Market Policies in Sweden

    • Ekhard Brehmer and Maxwell R. Bradford

  • Direct controls have been replaced by fiscal and monetary policies and energetic efforts by the Swedish Government to retrain and redeploy labor. The authors describe how well these measures have reconciled price stability with full employment and economic growth.

  • Problems and Prospects in East-West Trade

    • Geoffrey Tyler and Hubert Neiss

  • If the political and economic barriers continue to fall, rising real income in Eastern Europe will push demand for imports above the 11 per cent annual increase of the past decade.

  • Income Distribution and Project Selection

    • V.C. Nwaneri

  • The third London Airport serves as an example of how noneconomic issues and income distribution might have been introduced along with the efficiency criterion at a very early stage of project selection. If it had, the site chosen might be different….

  • IMF Resident Representatives

    • Shrikrishna A. Pandit

  • An important aspect of the Fund’s technical assistance effort is the work of its Resident Representatives in member countries.

  • The Readership of Finance and Development

  • A summary of the results of the 1973 survey of the English, French, and Spanish mailing lists.

  • Book Notices

  • Without false optimism

  • Khan, The Economy of Bangladesh

  • An emotionally concerned economist

  • Harrod, Economic Dynamics

  • Analyzing crude oil prices

  • Adelman, The World Petroleum Market

  • Berg, The Nutrition Factor

  • McNamara, One Hundred Countries, Two Billion People

  • Bhatt, Two Decades of Development: The Indian Experiment

  • Fund Activity

  • Bank Group Activity

  • Views and Comments

  • Reid: Aid—who knows best?

  • Demuth: Developing agricultural technology in the LDCs

  • Schweitzer: On the reluctance of countries…

Finance & Development, September 1973
Author: International Monetary Fund. External Relations Dept.