1. GENERAL INVESTMENT CRITERIA FOR LESS‐DEVELOPED COUNTRIES: A POST‐MORTEM
2. Research into inflation and conceptions of earnings
3. For the detailed information see Behrend, H.,IncomesPolicy, Equity andPay Increase Differentials, op. at., pp.29-36.
4. See Behrend, H., Incomes Policy, Equity and Pay Increase Differentials, op. cit., pp.53-56where this issue is discussed in more detail. There is also an evaluation of the use of the Irish cost of living escalator clauses from which British policy-makers could have learned something (pp. 47-53).Inmy view the case that such clauses can hold back inflation is not proven.