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...

The success of the newly industrializing countries of the 1970s brought with it the hope that other Third World countries would soon be able to follow a similar path to development. The conditions facing this second generation of NICs appear far more unfavourable than those which faced the first...