Conclusions

Abstract

Anyone who is in the slightest conversant with economic and social conditions in developing countries will be aware of the dangers of generalising about developing countries as a group. Yet he would indeed be an unduly cautious person who failed to draw from these proceedings certain general conclusions. In particular, it can hardly be denied that the typical developing country, if it resolves the first major wage policy issue — whether or not to adopt such a policy — in a positive fashion, is faced by at least five other issues concerned with: the specification of the objectives of wage policy; the choice between high- and low-wage policies; a decision about the kind of wage structure and forms of wage payment which are to be promoted: the way in which wage policy is to be formulated; and the machinery with which it is to be implemented.