Editorial

-The need for realism by Emile van Lennep, Secretary General of OECD 3

Development

-Some policy initiatives in development co-oepration by DAC Members in 1975  4

-OPEC countries as aid donors 1974-75  5

-Most recent development initiatives 7

-The Sahel - Time for a new approach 8

-Industrial co-operation with the developing countries 14

-Adjustment of industry to imports from the developing world 16

Economics

-Economic forecasting: The international dimension 17

-A new lookat the future of industrialised societies 20

-Employment: Focus of a Ministerial Meeting at the OECD 22

-What has happened to inflation?  24

-The impact of the economic situation on environmental policies by R. J. van Schaik, Chairman of OECD's Environment Committee 25

-The tanker crisis and its effect on Norway  27

-The recent boom in Eurobonds 29

Energy

-IEA adopts a long-term energy co-operation programme 32

-Oil supply and demand in the OECD area 32

-Is there enough uranium? 33

-Population exposure to ionising radiation 37

New OECD publications 38