This note is concerned with three issues which are currently receiving attention in the debate over the prospects for the industrial development of the Third World. These issues cover, first, the nature (and potential) of policies which the developed countries might consider adopting in order to promote the transfer of uneconomic or declining industries, or parts of industries, to the developing countries and the nature of possible institutional frameworks for supporting such industrial cooperation. The second issue concerns the nature (and potential) of policies which the developed countries might adopt in order to encourage greater public and private sector involvement in industrial development in developing countries.