The attitude of German exporters and importers to currency risks under a system of floating exchange rates has, for the first time, been the subject of an empirical study by the HWWA Institute. The investigation was, in the main, based on a questionnaire sent to 719 enterprises of all sizes...

Few countries are as dependent on foreign trade as the Federal Republic of Germany. Its close ramifications with the world economy are reflected by an economic policy concept geared to the liberal trade system. The chances for a consistent continuation of this policy have, it must be said,...

It is often maintained, with reference to the increasing competition from newly industrialising countries, that Western support for the development of LDCs' economies would only amount to supplying the rope with which one will later be hanged. Our author argues that, contrary to that opinion,...