pt. 1. The least developed countries in the mid-1990s: 1. The world economic setting and the LDCs -- 2. Recent trends in external finance and debt -- pt. 2. Selected issues in the context of interdependence: 1. Globalization and liberalization : implications for LDCs -- 2. The Uruguay Round, trade diversification and the LDCs -- 3. Regional trading arrangements and LDCs -- pt. 3. Financial-sector reforms in LCDs -- Annexes: 1. Report of the High-level Intergovernmental Meeting on the Mid-term Global Review of the Implementation of the Programme of Action for the Least Developed Countries for the 1990s -- 2. Basic data on the least developed countries.