ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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POLITICS-In True Colours

It should not go unnoticed that whatever increase is registered in receipts from the sale of financial and non-financial services, which presumably include export of software, gets practically totally absorbed by the increased payments on account of the liberalisation in the payments regime' or interest charges payable on increased external borrowing, most of which has gone into accumulation of foreign exchange reserves, TOBACCO Export Syndrome IN 1993 the Economic and Social Council of the United Nations (ECOSOC) passed a resolution expressing concern about the serious health effects of tobacco use. It also suggested that the economic effects of reducing or eliminating tobacco production in tobacco producing countries needed to be critically examined and viable alternatives evolved. In response to the resolution, the UNCTAD undertook a study on the Economic Role of Tobacco Production and Exports in Countries Depending on Tobacco as a Major Source of Income'. The report is an excellent example of how structural adjustment is being facilitated through the efforts of a multiplicity of international organisations.

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