Is a developing country better off for plunging into the mainstream of the world economy and coping with whatever pressures it is exposed to? Or is it wiser to try to "de-link" and shape its own economy and society as well as it can before it tries for the prizes of interdependence? The answer is not clear and is almost certainly different for different countries. These papers by able scholars concerned with both theory and practice throw much light on the issue and stress the difficulties of devising and carrying out policies that will make either course work.
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