This paper discusses ways in which countries can invest most profitably in an industry that is capable of providing massive help to their economies. The paper highlights that tourism, like other economic activities, flourishes best when it fits into a context of general economic policies and...

This paper examines the export performance of developing countries. Taking any recent period, for example the past 15 years, the growth rate in export earnings for individual countries has varied from substantial year-to-year increases to absolute declines. Countries with growth rates as high as...

This paper discusses origins of recent estimates of capital requirements for development and highlights some of the issues involved. The paper highlights that there are two possible approaches to making estimates of capital requirements for development. Both approaches are based on the idea that...

This paper describes development of the agriculture sector in Northwest Mexico. The paper highlights that owing to the projects in the river valleys of the northwest and others throughout the country, Mexico grows enough to feed itself and to export in substantial quantity. A third of the crops...

This paper presents highlights of the IMF Meetings in 1968. The main themes of the IMF Annual Meeting were referred to by President Lyndon B. Johnson of the United States in his address at the opening joint session. He described 1968 as “a year of crisis in financial markets,” and the...

This paper analyzes economic implications of high rates of population growth in the world. The paper highlights that today, the world population is growing at a rate that is 30 times as high as the average rate of growth between the first century A.D. and 1650. In less developed countries, this...

This paper presents a description of the Project Analysis Course offered by the World Bank’s Economic Development Institute (EDI). The main objective of EDI is to give individuals a general understanding of all the main elements involved in preparing, evaluating, and executing development...

This paper discusses infrastructure development and building of roads in Honduras. The paper highlights that in countries with backward transportation systems, the concept of “road” takes on an almost philosophical significance. The paper discusses the Western Highway in Honduras that was...

This paper focuses on telecommunication development in Ethiopia. The paper highlights that there are now over 20,000 telephones in Addis Ababa (in 1969), but the demand for service still exceeds the supply. About 800 installation requests are received each quarter; of these, 600 can be...

This paper discusses achievement and failure of science in increasing world animal production. The paper highlights that the application of modern animal production technology is virtually confined to Western Europe, to the North American continent, to Australia, New Zealand, and Japan. The new...