This issue of the Bulletin, attempts to explore some of the possible impacts which microelectronics technology might have on the problems of underdevelopment. Its particular focus is an examination of its impact on international trade. A simple-minded explanation of its significance might be as follows: the existing international division of labour depends upon developed countries supplying technology and developing economies providing labour; but when there is no longer a need for labour, where lies the future comparative advantage of developing countries? But before we move on to a brief discussion of some of the issues involved in this subject area, it is appropriate to begin with a description of the technology.