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Triska, D.: Economic reform process in the new and aspiring members of the EU : Czech transformation strategy and its international reception. - S. 26-31 Kokko, A.: Economic reform in Asia. - S. 22-40 Ham Jin Su: Recent economic measures taken by DPRK government. - S. 41-43 Vollenhoven, R.: Examples of how the European Commission and member states have assisted economic modernization initiatives in Europe and Asia. - S. 44-49 Castillo Fernandez, M.: European Community efforts in support of economic midernisation initiatives. - S. 50-55 Selim, A.: Role of international organizations in assisting economic growth strategies in transition economies. - S. 56-85 Frank, R.: Successful strategies to attract and retain foreign investment. - S. 86-90 Birindelli, L.: The role of foreign legal experts in the fostering of FDI. - S. 91-92 Helgesen, G.: Different business cultures : facilitating business between Europea and Asia. - S. 93-97 Risse, N.: Establishing information networks between potential trade partners and training projects. - S. 98-101

The impact of the foreign assistance on economic growth and development of the recipient country remains unclear at both theoretical and empirical levels. While the number of studies devoted to the mechanisms of enhancing the effectiveness of foreign aid is growing progressively, international community is organizing high-level forums aimed at coordinating actions of donor countries, international financial institutions and recipient countries. The paper reviews main principles of enhancing aid effectiveness highlighted in the Declarations and Action Agenda's adopted by member countries of United Nations and Organization of Economic Cooperation and Development. The use of national development strategies of developing countries in aid allocation as well as introduction of new forms of aid provision as South-South cooperation may lead to better developmental outcomes.