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The role of international marketing in industrializa¬tion of developing economies is discussed in an article by Dr. M. Haghighi. The author examines various fac¬tors in the development of export-based systems and discusses the pros and cons of international financing for market expansion. He observes that the experience of many developing countries with debt instruments has been frustrating. The best forms of participation in international markets for the LDC's may be direct and indirect exporting since they often enjoy public support for their roles in generating hard currencies.