The Uruguay Round negotiations are currently passing through a critical phase after four years of strenuous bargaining. The ultimate success of the negotiations largely depends on the attitudes of the USA, the EC and Japan. What are the main contentious issues between these three and how are...

The planned liberalisation of European air transport has run up against the problem that there is little scope for further expansion of airport infrastructure. If liberalisation is to be a success, the available infrastructure will have to be used more intensively. This means introducing...

Negotiations on agriculture have for a long time been the centre piece and the stumbling block of the Uruguay Round. While the EC has had to bear the brunt of public criticism, the US has clearly contributed its fair share to bringing about the present unsatisfactory state of affairs. This...

During the recent Uruguay Round film and television software was a major field of conflict between the United States and the European Community, and it is easy to predict that this will continue for the rest of the decade. Are the markets for film and television software really dominated by...

The end of 1992 has of late become quite a significant date in Europe. By this time the so-called Single European Market is to be created. The date and the topic are producing intensive debates all over the world. The purpose of this article is to describe certain trends which go along with the...

Economic sentiment indicators can provide a wealth of information for macroeconomic policy formulation and analysis. Despite this, economic sentiment is often neglected by mainstream economics. This article assesses whether there is a potential role for economic sentiment to amplify business...

President Nixon's intention to visit Peking is attracting tremendous interest all over the world. The present article discusses past developments of US/Chinese trade and its possibilities in the future.

The exchange rate of the US dollar fell sharply last year. What part was played by the adverse "fundamentals" of the US economy, the large current account deficit, the country’s heavy foreign indebtedness and the substantial budget deficit? How will the dollar behave in future?

Farming worldwide and national agricultural policies are in a profound crisis. Farmers everywhere are complaining about inadequate incomes. A large proportion of farms are threatened on both sides of the Atlantic, in the EC no less than in the USA. This situation has coincided with a period of...