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This volume discusses the rationale for and against multilateral development co-operation, with particular attention to international industrial development during the post-cold war era. It also documents how UNIDO has successfully transformed itself to contribute effectively to the global supply of international public goods within the purview of its mandate. A foreword by UK Secretary Clare Short illustrates the good reception that such transformation has elicited amongst the donor community as well as its demonstration and potential spillover effects on the whole of the UN system. The book, which contains testimonies of ambassadors of UNIDO's stakeholder countries as well as contributions by Messrs. J. D.-Martinussen, former Head of the Danish Mission for UNIDO's assessment, and R. Ricupero, Secretary-General of the United Nations Conference for Trade and Development (UNCTAD), can be expected to become useful material for students of UN affairs and the international relations and development policy communities at large.