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The UNIDO Guidelines

The UNIDO Guidelines Bimal Jalan Guidelines for Project Evaluation, United Nations Industrial Development Organisation, 1972; pp xvi + 383. IT is a pity that the publication of these Guidelines, written by Partha Dasgupta, Amartya Sen and Stephen Marglin has been so delayed. The work on these Guidelines seems to have started at about the same time as the work on the OECD Manual on Industrial Project Analysis;1 however, while the OECD Manual was published in 1968, the publication of the UNIDO volume had to wait until 1972. This delay has had an unhappy consequence. Almost by default, the OECD Manual has come to occupy the pride of place as a guide to social cost-benefit analysis in developing countries. It has already won many adherents, and development economists as well as agencies concerned with project evaluation by now have an enormous amount of intellectual capital invested in this particular method of project evaluation. As a result, it may happen that these Guidelines will not receive the attention that they deserve.

The Little-Mirrlees Manual-An Evaluation of Its Relevance for the Developing Countries

An Evaluation of Its Relevance for the Developing Countries Bimal Jalan Introduction THE current upsurge of interest in the methods of project evaluation would semi to he the result of two empirical findings with respect to the results of past industrialisation policies in developing countries: (a) that, in these countries, there exist pervasive divergences between market prices and social values, and (b) that the pursuit of import substitution strategy by many of these countries has led to the encouragement of import substitution projects regardless of social costs. The finding that social values may diverge from market prices is, of course, not new in economics; what has given it a new relevance for development policy is the conviction that widespread government intervention in the economies of developing countries may have served to further accentuate rather than attenuate these divergences. 1 Once it could also be shown that government policies have made possible the domestic production of many manufactured products in developing countries at exceptionally high social cost, the conclusion was inevitable that what the developing countries needed was a good method of project evaluation, which would bridge the gap between private and social values.

GNP

GNP! Bimal Jalan IT can only be the intellectual bankruptcy or ennui that seems to have gripped the country which explains why a fetchingly written, but rather obvious, essay by Mahbub Ul Haq should have generated the excitement that it has. For the Prime Minister to have quoted it without attribution is certainly noteworthy and one should not begrudge the merriment that people feel at the discomfiture of the mighty, However, it is really extraordinary that learned economists and commentators should see in this event the emergence of a new messiah, or attempt to find the ingredients of "new economics" in the half-baked and half-hearted propositions of a popular article.

A Policy Frame for Self-Reliance

A Policy Frame for Self-Reliance Bimal Jalan The purpose of this paper is twofold. Firstly, it is an attempt to develop an analytical framework for consideration of appropriate policies for premature Self-reliance in a developing economy, dependent on foreign aid to finance part of its planned deficit in external payments or investment requirements. The need for such an analytical framework arises because while all developing countries frequently profess their anxiety to achieve self-reliance as soon as possible, none has tried to define this objective in an operationally meaningful way or attempted to devise a policy frame which would make the objective credible either to themselves or to their benefactors. The second object of this paper is to examine the issue of self-reliance in the wake of suspension of United States aid to India, particularly with reference to the Fourth Plan

On Irrelevance in Economics of Employment

On Irrelevance in Economics of Employment Bimal Jalan Employment and Unemployment Problems of the Near East and South Asia, Vols I and II, edited by Ronald G Ridker and Harold Lubell; Vikas Publications; 1971.

OFFICIAL PAPER- Economic Growth in Asia-Balance-Sheet of a Decade

Economic Survey of Asia and the Far East, Part II (Current Economic Development), Economic Commission for Asia and Far East, WHILE not particularly famous for their originality or freshness of thinking on development problems, ECAFE's annual economic surveys have become a useful source of information on regional economic developments. This year's survey, the twenty-fourth in the series, covers the usual ground and deals with growth in national income, agriculture, manufacturing, balance of payments, and international liquidity in the region as a whole as well as in the individual member countries. It also contains the usual country notes which deal at somewhat greater length with government policy and developments in key areas. Twenty-one Asian countries are covered, and data are provided in the form of convenient tables which in many cases go back five or six years.

The Story of Industrialisation

The Story of Industrialisation Bimal Jalan (1) Industry and Trade in Some Developing Countries: A Comparative Study by Ian Little, Tibor Scitovsky and Maurice Scott; Oxford University Press, pp xxii + 512.

Performance and Aid Allocation

Bimal Jalan Familiarity in aid, as in most human relationships, has bred cynicism

Concentration and Economic Equality

Bimal Jalan While there should be wider diffusion of the benefits of economic development, recent policy measures on industrial licensing and for control of big business are unlikely to meet that commendable objective. This is so because the criteria in the application of those measures are not those of efficiency, nor is the levelling down achieved by them in any way destined to help the 95 per cent or more of the country's population that exist just about at, or below, subsistence level.

Debt Servicing Capacity-Does It Make Sense

Does It Make Sense? Bimal Jalan It is not suggested here that 'debt servicing capacity, however measured, is not important
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