Discussion on the theme of "Development in the Eighties" requires to be adequately situated in terms of appropriate analytical foundations and through correct identification of the central issues. This paper seeks to provide a background that might aid in that discussion. First, I review some of the facts and figures describing the main contours of the contemporary world economy viewed in broad aggregative terms. One of the central problems that this raises is the question of the causes of th...

The international oil-world has gone through fundamental changes during the last decade. The power of the international companies has declined markedly. A new industrial structure has emerged; a structure which, in many ways, is fundamentally different from the old one. This development has important consequences for all oil-producing states. The world has become much more complicated for these countries. A national oil policy no longer is simply a matter of trying to maximize a host-countrie...

This paper aims at a definition of a self-reliance development strategy viewed for underdeveloped economies (with a special awareness of the danger of generalisation), but only from the viewpoint of the World Economy, leaving aside aspects of self-reliance within the national economy, specially at the level of production units and local communities.

Malaysia plays a leading role both as a producer and exporter of a number of inportant primary commodites. In so doing we have come a long way from the time when rubber and tin together constitude the twin pillars of the economy accounting for over two-thirds of the country's total export earnings. This was in the early fifties. In line with our national development to diversify the Malaysia economy to avoid over dependance on just one or two commodities, timber, palm oil, petroleum have bec...