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In this issue, the Journal has five papers and two research notes on subjects reflecting different facets of economic development at both the macro and micro levels. They consist of an analysis of the impact of China’s entry into the WTO; problems of poverty in Viet Nam; aid, mining development and structural adjustment in Papua New Guinea; the impact of high interest rates in some of the crisis economies of the region before 1997; the importance of smallholder dairying in Asia, the relationship between energy consumption and growth in Pakistan; and the deleterious impact of corruption on the efficiency of investment. The range of topics is eclectic but they offer practical policy conclusions from their analyses.

The Asia-Pacific Development Journal (APDJ) is published twice a year by the Macroeconomic Policy and Development Division of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).

The primary objective of the APDJ is to provide a platform for the exchange of knowledge, experience, ideas, information and data on all aspects of economic and social development issues and concerns facing the region and to stimulate policy debate and assist in the formulation of policy.

The development experience in the Asian and Pacific region has stood out as an extraordinary example of what can be achieved when policymakers, experts, scholars and people at large harness their creativity, knowledge and foresight. The Asia-Pacific Development Journal has been a proud partner in this process, providing a scholarly means for bringing together research work by eminent social scientists and development practitioners from the region and beyond for use by a variety of stakeholders. Over the years, the Journal has emerged as a key United Nations publication in telling the Asian and Pacific development story in a concise, coherent and impartial manner to stimulate policy debate and assist in the formulation of policy in the region.