Formerly a favourite location for private capital inflows, Brazil was virtually cut off from further bank lending in the 1980s. The country's rating in secondary loan markets plummeted, and foreign direct investment dwindled. New external financing was replaced by an accumulation of interest...

Since recent financial crises in Asia and Latin America, developing countries have been strongly advised to rely primarily on foreign direct investment (FDI) in order to promote economic development on a sustainable basis. Even harsh critics of rash capital account liberalization argue in favor...

Schleswig-Holstein hat gegenüber den übrigen westdeutschen Bundesländern aufgeholt Die insgesamt positive Entwicklung, die vor allem vom Hamburger Umland getragen wird, darf allerdings nicht darüber hinwegtäuschen, daß auch Schleswig-Holstein vor den Herausforderungen eines verschärften...

The cyclical situation at the beginning of the European Monetary Union (EMU) is favorable: The upswing in Euroland has firmed, unemployment is going down, and inflation is low. However, economic growth outside the new currency area has weakened significantly during 1998, and fears are mounting...