This volume represents a thorough investigation of trade and financial policy as it impacts upon Third World development. A broad range of international case studies, for example Indonesia, Uruguay and Tunisia, offer empirical material and statistical information. Thematic discussion chapters build on these case studies, offering important analysis of topics such as trade specialization and industrial change.

For the large number of developing countries undergoing significant structural transformations, one of the most important and controversial adjustment areas is that of the financial markets. Focusing on the role of the institutional and enabling environment within which financial reform occurs and on the integration of principles of finance with more macroeconomic approaches to the subject, the book contains case studies of reform experiences in Argentina, India, Nigeria, Turkey and Uruguay. Themes studied include the 'go slow' versus 'big bang' approach and the particular problem of...