International Cooperation in Tax Matters

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Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis International Cooperation in Tax Matters by : United Nations. Ad Hoc Group of Experts on International Co-operation in Tax Matters

Download or read book International Cooperation in Tax Matters written by United Nations. Ad Hoc Group of Experts on International Co-operation in Tax Matters and published by . This book was released on 1998 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Report of the Ad Hoc Group of Experts on International Cooperation in Tax Matters on the work of its eighth meeting which was held from 15 to 19 December 1997 in Geneva, including selected papers presented at the meeting.

Annual Review of United Nations Affairs 2008/2009

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Publisher :
ISBN 13 : 0195398009
Total Pages : 447 pages
Book Rating : 4.1/5 (953 download)

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Book Synopsis Annual Review of United Nations Affairs 2008/2009 by : Joachim Müller

Download or read book Annual Review of United Nations Affairs 2008/2009 written by Joachim Müller and published by . This book was released on 2010-04-15 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the publication of its first edition in 1950, the Annual Review of United Nations Affairs has stood as the authoritative resource for scholars, students, and practitioners researching the latest developments of that august body. From the insightful introduction, prepared each year by a distinguished expert on UN affairs, to the full-text presentation of reports and resolutions and the helpful subject index, ARUNA provides a practical tour of each year's U.N. actions and debates. Theexpert selection of documents by Joachim Muller and Karl Sauvant and the topic-based organization of those documents make any researcher's task much easier than the vast searching, sorting, and pruning required by the U.N.'s website. The series' topic-based organization of the materials and subject index lend invaluable guidance to all researchers. ARUNA presents a comprehensive documentation of the work of the UN on an annual basis, starting in September of each year with the beginning of the regular sessions of the General Assembly. Coverage of the UN's key organs is provided, including the General Assembly, the Security Council, the Economic and Social Council (ECOSOC), the International Court of Justice, and the UN Secretariat. In addition, selected reports of intergovernmental bodies and expert groups are included. Solely official UN documentation is used. ARUNA occupies a special place in the publications on the work of the UN - it allows readers to obtain an overview ofthe principal developments in its key organs. This makes it an important reference source for policy-makers and academic researchers. The highlight of this year's edition is the introductory essay written by the highly esteemed Jose Antonio Ocampo, who is Professor of Professional Practice in International and Public Affairs, Director of the Program in Economic and Political Development at the School of International and Public Affairs, and Fellow of the Committee on Global Thought, ColumbiaUniversity. Professor Ocampo previously held the positions of Under-Secretary-General of the United Nations for Economic and Social Affairs, Executive Secretary of the United Nations Economic Commission for Latin America and the Caribbean, and Minister of Finance of Colombia. In 2009, he was a member of the Commission of Experts of the President of the United Nations General Assembly on Reforms of the International Monetary and Financial System. Professor Ocampo is also the author of numerousbooks and articles on macroeconomics policy and theory, economic development, international trade, and economic history. His recent publications include Stability with Growth: Macroeconomics, Liberalization and Development, with Joseph E. Stiglitz, Shari Spiegel, Ricardo Ffrench-Davis and Deepak Nayyar (New York: Oxford University Press, 2006). Professor Ocampo, relying on his expertise as a policy economist and his own considerable experience working on economic issues at the United Nations, has written an incisive introductory essay focusing on the United Nations and the global economic crisis. Professor Ocampo's essay examines the history of the economic policy recommendations of UN institutions and concludes that they have often been more far-sighted and accurate than those of the Bretton Woods Institutions, including the World Bank and the International Monetary Fund. He applies this analysis in particular to the recent global financial crisis, and shows how the Monterrey Consensus of 2002, which once again made the UN a forum for global economic issues, gave serious consideration to the concerns of developing countries and set many goals that might have helped to stave off the global financial crisis if they had been more actively pursued. Professor Ocampo also examines the UN's role in the wake of the global financial meltdown, particularly with regard to the Doha follow-up Conference and the Commission of Experts on Reforms of the International Monetary and Financial System, convened by the General Assembly and led by Joseph Stiglitz. In spite of some resistance to these initiatives from the United States and other developed countries, Professor Ocampo advocates in this essay for a more influential role for the UN's institutions in global financial reform, especially in light of their superior track record in anticipating economic problems resulting from "the inherent tendency of financial markets to experience boom-bust cycles." The 2008-2009 volumes of ARUNA therefore also devote considerable attention to the financial crisis as well as other international crises. Among the documents in the 2008-2009 volumes are the complete General Assembly resolutions, as well as the Report and Resolutions of the Security Council and the Economic and Social Council (ECOSOC). Annual Reports of note include reports of the United Nations Children's Fund (UNICEF), the UN Development Programme and UN Population Fund, the UN High Commissioner for HumanRights, the UN High Commissioner for Refugees, the UN Relief and Works Agency for Palestine Refugee in the Near East, and the World Food Programme. Mr. Muller and Dr. Sauvant have also selected progress reports on key peacekeeping, peace-building, and political missions, including those for Afghanistan, the Democratic Republic of the Congo, Haiti, Iraq, Kosovo, the Middle East, Somalia, Sudan, and West Africa. Each annual edition of ARUNA is introduced by a Guest Author, a distinguished expert on UN affairs, who highlights the outstanding themes of the year in review. Together with an overview provided by the editors, this introduction is intended to facilitate access to the material and, above all, to make it easer for users of ARUNA to "see the forest for the trees". As has been mentioned above, ARUNA is fortunate this year to have Jose Antonio Ocampo as the author of its introduction, but the roster of distinguished experts who have contributed this introduction in the past is also worthy of mention: Jeffrey D. Sachs: ARUNA 2007/2008 edition Professor Jeffrey D. Sachs is Director of the Earth Institute at Columbia University and Special Advisor to the Secretary-General of the UN on the Millennium Development Goals. Professor Sachs's introduction to ARUNA 2007/2008 was titled "Towards a New Global Protocol on Climate Change", in which he argued that solving the climate change problem will demand four steps: scientific consensus, public awareness, the development of alternative technologies, and a global framework for action. He dealt, in particular, with the science underpinning the negotiations for a new global protocol on climate change, as a successor to the Kyoto Protocol. Professor Sachs argued that climate change crises can only be solved through the goals, leadership, and treaty mechanisms of the UN. Edward C. Luck: ARUNA 2006/2007 edition Professor Edward C. Luck is UN Special Advisor on the Responsibility to Protect and Vice President and Director of Studies at the International Peace Academy. From 1984 to 1994, he served as President and Chief Executive Officer of the UN Association of the USA (UNA-USA). Professor Luck's introduction to ARUNA 2006/2007 covered "The responsible sovereign and the responsibility to protect", in which he addressed the scope and content of what was agreed at the 2005 World Summit, the implications of the responsibility to protect (RtoP) for notions of state sovereignty, and some of the conceptual, architectural, and policy challenges then facing UN Secretary-General Ban Ki-moon's commitment to "operationalizing" the responsibility to protect and translating it "from words to deeds". Louise Frechette: ARUNA 2005/2006 edition Ms Louise Frechette is Distinguished Fellow at the Centre for International Governance Innovation, Waterloo, Ontario. Until March 2006, she was the first Deputy Secretary-General of the UN; before that, she was Permanent Representative of Canada to the UN. Ms Frechette's introduction to ARUNA 2005/2006 covered "United Nations reform: an unfinished story". As the first Deputy Secretary-General of the UN, Ms Frechette was uniquely positioned to undertake a personal assessment of what has changed and what has not changed in the past decade at the UN and why. She examined if the UN is functioning better than it was 15 years ago, why reform is so difficult to achieve and what the future holds for the institutions. Rubens Ricupero: ARUNA 2004/2005 edition Mr Rubens Ricupero is Dean of the Fundacno Armando Alvares Penteado (FAAP), Sao Paulo and was formerly Secretary-General of UN Conference on Trade and Development (UNCTAD) and Minister of Finance of Brazil. Mr Ricupero's introduction to ARUNA 2004/2005 covered "The difficulty of building consensus in an age of extremes" and examined the mysteries of the negotiating process leading to the outcome of the 2005 World Summit. Rather than a "Grand Bargain" of a comprehensive UN reformin the areas of development, security and human rights, it is argued that the Summit ended more on a note of lamentation and regret over a missed opportunity. Mr Ricupero concludes that contrary to the daring proclamation at the outset by the Secretary-General, the conditions indispensable to succeed were not in place. Indeed, it was hard to imagine that an ambitious and balanced reform package for the UN could have had any real chance of succeeding.

Yearbook of the United Nations, Volume 40 (1986)

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Author :
Publisher : Martinus Nijhoff Publishers
ISBN 13 : 9004636722
Total Pages : 1351 pages
Book Rating : 4.0/5 (46 download)

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Book Synopsis Yearbook of the United Nations, Volume 40 (1986) by : United Nations

Download or read book Yearbook of the United Nations, Volume 40 (1986) written by United Nations and published by Martinus Nijhoff Publishers. This book was released on 2023-08-28 with total page 1351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issued annually since 1946/47, the Yearbook is the principal reference work of the United Nations, providing a comprehensive, one-volume account of the Organization's work. It includes details of United Nations activities concerning trade, industrial development, natural resources, food, science and technology, social development, population, environment, human settlements, children and legal questions, along with information on the work of each specialized agency in the United Nations family. The Yearbook is an indispensable guide to the UN.

Taxation of Capital Gains Under the OECD Model Convention

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Publisher : Kluwer Law International B.V.
ISBN 13 : 9041125493
Total Pages : 438 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Taxation of Capital Gains Under the OECD Model Convention by : Stefano Simontacchi

Download or read book Taxation of Capital Gains Under the OECD Model Convention written by Stefano Simontacchi and published by Kluwer Law International B.V.. This book was released on 2007-01-01 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing globalization and the related cross-border flows of capital resources has only increased interest in the taxation of transnational capital gains among practitioners and scholars. This is particularly true as it relates to investments in immovable property. As a consequence, Article 13 of the OECD Model Convention - covering capital gains - has emerged as one of the document's key provisions. Based on in-depth historical research, this book pays particular attention to the definition of capital gains falling within the scope of Article 13. It also thoroughly analyses the treaty regime applicable to gains derived from the alienation of both immovable property and shares of immovable property companies.

Yearbook of the United Nations, Volume 39 (1985)

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Publisher : Martinus Nijhoff Publishers
ISBN 13 : 9004636714
Total Pages : 1512 pages
Book Rating : 4.0/5 (46 download)

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Book Synopsis Yearbook of the United Nations, Volume 39 (1985) by : United Nations

Download or read book Yearbook of the United Nations, Volume 39 (1985) written by United Nations and published by Martinus Nijhoff Publishers. This book was released on 2023-08-28 with total page 1512 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Yearbook of the United Nations, Volume 50 (1996)

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Publisher : Martinus Nijhoff Publishers
ISBN 13 : 9004632980
Total Pages : 1572 pages
Book Rating : 4.0/5 (46 download)

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Book Synopsis Yearbook of the United Nations, Volume 50 (1996) by : United Nations

Download or read book Yearbook of the United Nations, Volume 50 (1996) written by United Nations and published by Martinus Nijhoff Publishers. This book was released on 2023-09-20 with total page 1572 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1996 edition of the Yearbook of the United Nations is the single most comprehensive and authoritative reference book about the work of the United Nations and related international organizations and bodies. Fully indexed and reproducing all major General Assembly, Security Council and Economic and Social Council resolutions, the volume is not only useful for diplomats, government officials and scholars, but also for researchers, writers, journalists, teachers, students and others with a serious interest in international and UN affairs. This volume of the Yearbook details the many activities of the Organization and its organs, programmes and bodies, as they are carried out in all corners of the globe. It gives an account of their endeavours to create better and more peaceful conditions for all mankind and records their efforts to deal with matters of pressing concern in a variety of areas, including peacekeeping and peacemaking, disarmament, human rights, trade and development, control of drug abuse and illicit trafficking, crime prevention, assistance to refugees and other vulnerable populations. Building on the experience of its first 50 years, the United Nations continued in 1996 to confront major global challenges. The observance of the International Year for the Eradication of Poverty can be seen as a benchmark for action to address a plethora of global ills that beset the majority of Earth's nearly 6 billion inhabitants - hunger, inadequate housing, disease, the deterioration of the environment, unemployment. During the year, the United Nations convened two major conferences - the `City Summit' in Istanbul, centering on the two themes of adequate shelter for all, and sustainable human settlement development in an urbanizing world, and the World Food Summit in Rome, whose main goal was food security for all. The Yearbook chronicles these events and many other milestones reached, making it an invaluable tool for anyone seeking in-depth information about the United Nations family. Also available from the UN, Sales No. E.97.I.1 As of volume 51 (1997) the Yearbook of the United Nations will no longer be published by Kluwer Law International. Please contact the United Nations Bookshops in New York or Geneva for future volumes at: UN Bookshop; Room GA-32; United Nations; New York; NY 10017; USA Tel. 1-212-963-7680; Fax 1-212-963-4910 or UN Bookshop; Door 40; Palais des Nations; 1211 Geneva 10; Switzerland Tel. 41-22-917-2606; Fax 41-22-917-0027

Considerations for the Development of Tax Policy when Capital is Internationally Mobile

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4./5 ( download)

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Book Synopsis Considerations for the Development of Tax Policy when Capital is Internationally Mobile by : Robert F. Conrad

Download or read book Considerations for the Development of Tax Policy when Capital is Internationally Mobile written by Robert F. Conrad and published by World Bank Publications. This book was released on 1989 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: For tax policy to encourage maximum investment of capital (both foreign and domestic) it is necessary to take into account the potential mobility of capital across international borders. Economic analysis of investment incentives should therefore incorporate the effects of variables such as source rules, nexus rules, attribution rules, foreign tax credits, and so on, in addition to traditional variables such as legal tax rates and the revenue implications of the distribution of the tax base.

Yearbook of the United Nations, Volume 46 (1992)

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Publisher : Martinus Nijhoff Publishers
ISBN 13 : 9004636781
Total Pages : 1294 pages
Book Rating : 4.0/5 (46 download)

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Book Synopsis Yearbook of the United Nations, Volume 46 (1992) by : United Nations

Download or read book Yearbook of the United Nations, Volume 46 (1992) written by United Nations and published by Martinus Nijhoff Publishers. This book was released on 2023-08-28 with total page 1294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fully indexed, the 1992 edition of the Yearbook is the single most current, comprehensive and authoritative reference publication about the work of the United Nations, other international organizations and related bodies. The book is designed not just for use by diplomats, officials and scholars but also by other researchers, writers, journalists, teachers and students. The year 1992 was a remarkably eventful one for the United Nations and in the conduct of international relations. This volume of the Yearbook details the activities of the United Nations, its many organs, agencies and programmes, working together to rekindle a new form of multilateral cooperation for a better world. It records the diverse and globe-encompassing activities of the United Nations and its enduring efforts to deal with the world's pressing concerns, particularly matters of international peace and security, disarmament, human rights, the settlement of regional conflicts, economic and social development, the preservation of the environment, control of drugs and narcotic substance abuse, crime prevention, adequate shelter, youth and the ageing and humanitarian assistance for refugees as well as disaster relief. The Yearbooks for the years 1988, 1989 and 1990 are expected to be published within the next two years.

Yearbook of the United Nations, Volume 42 (1988)

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Publisher : Martinus Nijhoff Publishers
ISBN 13 : 9004636749
Total Pages : 1108 pages
Book Rating : 4.0/5 (46 download)

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Book Synopsis Yearbook of the United Nations, Volume 42 (1988) by : United Nations

Download or read book Yearbook of the United Nations, Volume 42 (1988) written by United Nations and published by Martinus Nijhoff Publishers. This book was released on 2023-11-27 with total page 1108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issued annually since 1946/47, the Yearbook is the principal reference work of the United Nations, providing a comprehensive, one-volume account of the Organization's work. It includes details of United Nations activities concerning trade, industrial development, natural resources, food, science and technology, social development, population, environment, human settlement, children and legal questions, along with information on the work of each specialized agency in the United Nations family.

Yearbook of the United Nations. 39. 1985 (1989)

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Publisher : Martinus Nijhoff Publishers
ISBN 13 : 9780792305033
Total Pages : 1534 pages
Book Rating : 4.3/5 (5 download)

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Book Synopsis Yearbook of the United Nations. 39. 1985 (1989) by : United Nations. Department of Public Information

Download or read book Yearbook of the United Nations. 39. 1985 (1989) written by United Nations. Department of Public Information and published by Martinus Nijhoff Publishers. This book was released on 1990-01-10 with total page 1534 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issued annually since 1946/47, the Yearbook is the principal reference work of the United Nations, providing a comprehensive, one-volume account of the Organization's work. It includes details of United Nations activities concerning trade, industrial development, natural resources, food, science & technology, social development, population, environment, human settlements, children & legal questions, along with information on the work of each specialized agency in the United Nations family. The Yearbook is an indispensable guide to the UN.

Yearbook of the United Nations, Volume 44 (1990)

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Publisher : Martinus Nijhoff Publishers
ISBN 13 : 9004636765
Total Pages : 1234 pages
Book Rating : 4.0/5 (46 download)

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Book Synopsis Yearbook of the United Nations, Volume 44 (1990) by : United Nations

Download or read book Yearbook of the United Nations, Volume 44 (1990) written by United Nations and published by Martinus Nijhoff Publishers. This book was released on 2023-09-20 with total page 1234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fully indexed, the 1990 edition of the Yearbook is the single most current, comprehensive and authoritative reference publication about the work of the United Nations, other international organizations and related bodies. The book is designed not just for use by diplomats, officials and scholars but also by other researchers, writers, journalists, teachers and students. The year 1990 was a remarkably eventful one for the United Nations and in the conduct of international relations. This volume of the Yearbook details the activities of the United Nations, its many organs, agencies and programmes, working together to rekindle a new form of multilateral cooperation for a better world. It records the diverse and globe-encompassing activities of the United Nations and its enduring efforts to deal with the world's pressing concerns, particularly matters of international peace and security, disarmament, human rights, the settlement of regional conflicts, economic and social development, the preservation of the environment, control of drugs and narcotic substance abuse, crime prevention, adequate shelter, youth and the ageing and humanitarian assistance for refugees as well as disaster relief. The Yearbook is an invaluable tool for anyone seeking in-depth information about the United Nations and its family of organisations. With the publication of the 1990 edition, all 50 editions covering the years from 1946 through 1996 are now available. This complete set of Yearbook volumes will facilitate the work of researchers of all kinds everywhere to obtain a comprehensive overview of the activities of the United Nations since its origins.

Reforming the United Nations

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Publisher : BRILL
ISBN 13 : 9789041103291
Total Pages : 1154 pages
Book Rating : 4.1/5 (32 download)

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Book Synopsis Reforming the United Nations by : Joachim M. Müller

Download or read book Reforming the United Nations written by Joachim M. Müller and published by BRILL. This book was released on 1997-09 with total page 1154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a compendium of 50 reform proposals dating from 1961 to 1996 originating both inside and outside the United Nations.

Special Features of the UN Model Convention

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Publisher : Linde Verlag GmbH
ISBN 13 : 3709410401
Total Pages : 537 pages
Book Rating : 4.7/5 (94 download)

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Book Synopsis Special Features of the UN Model Convention by : Anna Binder

Download or read book Special Features of the UN Model Convention written by Anna Binder and published by Linde Verlag GmbH. This book was released on 2019-10-01 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: Detailed research on the UN Model Convention’s unique features The UN Model Convention has a significant influence on international tax treaty practice and is especially used by emerging and developing countries as a starting point for treaty negotiations. Driven by the aim to achieve consistency in the international tax treaty practice, the structure and content is, to a large extent, similar in the UN Model and the OECD Model. However, whereas the OECD has historically focused its efforts on issues mainly relevant for developed countries, the UN Tax Committee has continuously attempted to specifically take into account tax treaty policies for developing countries when drafting and amending the UN Model Convention. Compared to the OECD Model Convention, the UN Model Convention aims at giving more weight to the source principle. Popular examples are the PE definition in the UN Model which provides for a lower threshold than Article 5 of the OECD Model or Article 12A on Fees for Technical Services which has been introduced with the latest amendment of the UN Model Convention 2017 and allows for a withholding tax to be levied on payments to non-residents when the payer of the fee is a resident of that contracting State irrespective of where the services are provided. Interestingly, in the discussions of the tax challenges arising from the digitalization of the economy, the OECD and the G20 are also exploring options to allocate more taxing rights to the jurisdiction of the customer and/or user, i.e., the ‘market jurisdictions’. As this has traditionally been the focus of the UN Model Convention, its unique features and developing countries’ practices could be taken into account when exploring new nexus rules that are not constrained by the physical presence requirement. This book contains the master’s theses of the full-time LL.M. program 2018-2019 for which ‘Special Features of the UN Model Convention’ has been chosen as the general topic. With this book, the authors and editors do not aim at discussing each article of the UN Model Convention but rather focus on the unique features of the UN Model Convention, which are explored in detail. This is supplemented with an evaluation of the function and relevance of the UN Tax Committee in the international tax policy discussion and with an analysis of the influences of the OECD's BEPS project on the UN Model.

Official Records

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Publisher :
ISBN 13 :
Total Pages : 692 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Official Records by :

Download or read book Official Records written by and published by . This book was released on 1993 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Yearbook of the United Nations, Volume 41 (1987)

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Author :
Publisher : Martinus Nijhoff Publishers
ISBN 13 : 9004636730
Total Pages : 1450 pages
Book Rating : 4.0/5 (46 download)

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Book Synopsis Yearbook of the United Nations, Volume 41 (1987) by : United Nations

Download or read book Yearbook of the United Nations, Volume 41 (1987) written by United Nations and published by Martinus Nijhoff Publishers. This book was released on 2023-11-27 with total page 1450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issued annually since 1946/47, the Yearbook is the principal reference work of the United Nations, providing a comprehensive, one-volume account of the Organization's work. It includes details of United Nations activities concerning trade, industrial development, natural resources, food, science and technology, social development, polulation, environment, human settlement, children and legal questions, along with information on the work of each specialized agency in the United Nations family.

Official Records of the ... Session of the General Assembly

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Author :
Publisher :
ISBN 13 :
Total Pages : 586 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Official Records of the ... Session of the General Assembly by :

Download or read book Official Records of the ... Session of the General Assembly written by and published by . This book was released on 1992 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Multinational Enterprise and Legal Control

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Publisher : Martinus Nijhoff Publishers
ISBN 13 : 9789041117892
Total Pages : 1364 pages
Book Rating : 4.1/5 (178 download)

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Book Synopsis The Multinational Enterprise and Legal Control by : Cynthia Day Wallace

Download or read book The Multinational Enterprise and Legal Control written by Cynthia Day Wallace and published by Martinus Nijhoff Publishers. This book was released on 2002-04-02 with total page 1364 pages. Available in PDF, EPUB and Kindle. Book excerpt: This long-awaited new book from Cynthia Day Wallace picks up the thread of her best-selling "Legal Control of the Multinational Enterprise: National Regulatory Techniques and the Prospects for International Controls," In the present work she applies herself to legal and pragmatic aspects of control surrounding MNE operations. The primary focus is on legal and administrative techniques and measures practised by host states to control - transparently or less so - foreign MNE activity within their territories, or even extraterritorially when effects are felt within national boundaries. The primary geographic focus is the six most investment-intensive industrialized states (namely, Canada, France, Germany, Japan, the United States and the United Kingdom). At the same time an important message of the present study is precisely the implication for the developing countries as well as for the emerging market economies of central and eastern Europe - and even Asian nations besides Japan, because it is the sharing of this very 'experience of years' that can best serve to facilitate a fuller participation on the part of the up-and-coming economies in the same global market place.