"The alternatives are coordinated public policies for recovery of investment and expenditure, restructuring of debt, production and trade and redistribution through social expenditures in favour of the poorest people in the poorer countries. New development expenditures rising to $100 billions a year would have major expansion effects on the world economy as a whole, as would mainly environmental programmes and long-term development assistance for the reforming economies. Scenarios from the Alphametrics-ARCA global model show that such expenditures will register a major increase in employment, trade and welfare for the global economy as a whole."--Jacket.