Development at the Turn of Our Century

Today's rapid and profound international evolution requires an update of the development agenda. As East-West relations alter radically and forge history, new trends in global capital markets; telecommunications and new technologies erode inexorably the old structures and alter permanently the economic landscape. As the century turns, traditional issues of transfer must be re-examined. New Items emerge on the development agenda. This paper will address the first two of these development issues: capital markets and technologies; and it will examine them in connection with other more traditional issues: 1) voluntary transfers of resources; 2) the debt crisis; 3) the securing of markets for developing countries' exports.