In the dramatic events and the whirl of talk which has followed the Nixon economic measures, the developed countries have been preoccupied with the new situation created for them. The ultimate impact of this fundamental policy-change upon the poor two-thirds of the world has been virtually ignored.

Large revenues drawn from oil offer wide scope for a highly active development policy, especially to the oil producing states round the Arab-Persian Gulf (which is to be understood as a geographical, not a political term). But even countries In such a favoured situation experience bottlenecks,...

Thailand’s third Development Plan sketches the framework within which it is intended to press forward with the country’s economic and social development during 1972–76. The present article surveys and critically discusses the main traits of the new Plan.

The development of tourism as a big industry is a feature of the second half of the 20th century. Spain is one of the countries where tourism has made especially notable progress. While the number of foreign tourists visiting Spain amounted to only 1 mn in 1950, by 1971 it had increased to 27 mn.

On August 15, 1972, India celebrated the 25th anniversary of its independence. It is therefor appropriate to give on this occasion an account of india’s past achievements and failures in view of its striving still more tenaciously towards a balanced economic development in the years to come.