This working paper is one of five country papers prepared as part of a study of the appropriate choice of external strategies for intermediate-level developing countries in the difficult trade and investment conditions of the 1980s. An earlier stage of the project analysed the experience of 25 intermediate-level and more advanced developing countries to determine whether the lessons that have been drawn from the most successful appeared to apply to a larger number, and under differing external conditions. The specific question being asked here is: 'what can and should each country do in order to achieve a performance which is better in terms of its original objectives than the result of a simple adjustment to the new external constraints?'