ISSN 0970-0293
ADVISORY EDITORSAshok Mitra Amalendu Guha Social
Irfan Habib Amiya Bagchi Scientist
Kishore Theckedath Jacob Eapen Monthly Journal of the
CONTRIBUTING EDITORS Indian School of Social Sciences
Thomas Isaac (Trivandrum) VOLUME 15 APRIL-MAY
Sanjaya Baru (Hyderabad) NUMBER 4-5 1987
Atis Dasgupta (Calcutta)
Javeed Alam (Shimla)
V K Ramachandran (Madras)
Venkatesh Athreya (Madras)
EDITORIAL BOARD
Madhu Prasad R-"
Utsa Patnaik
R.R. Krishnan
D. Raghunandan C. Rajamohan CONTENTS
C.P. Chandrasekhar Editorial Note 1
MANAGING EDITOR
Rajendra PrasadCT^TT'/^'D Jb-UI 1 UK World Monetary Reform : Some Needed Initiatives
Prabhat Patnaik —I.S. Gulati 3
EDITORIAL OFFICE Active State Control Vs. Market Guidance
423. V P House, in A Dependent Capitalist Economy :
New Delhi-110001 The Case of Sri Lanka—1970-84
CIRCULATION AND —W. D. Lakshman 10
ADVERTISEMENT The Current Conjuncture in the
B-l. Second Floor LSC. World Capitalist Crisis
J Block Saket, —Prabhat Patnaik 45
New Delhi-110017 Structural Changes in the International
SUBSCRIPTION RATES* Sugar Economy
INLAND —Sanjaya Baru 58
3 years : Rs 150 International Commodity Agreements :
2 years : Rs 120 The Case of Natural Rubber
Annual : Rs 65 —Tharian George K 77
(Students : Rs 50)
Institutions and Libraries Oil Revenue and the Militaristion of Iran :
(Annual): Rs 100 1960-1978
Single copy : Rs 12 —Morteza Gharehaghian 87
*Rs 3 extra if by cheque Regulatory Policy and Industrial Growth :
FOREIGN The World Bank View
{Annual in US dollars) —C.P. Chandrasekhar 101
AirMail : 50 BOOK REVIEW
Lenin and Imperialism 122
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