After the price of oil began falling sharply during the first few months of 1986 the prospects for a more pronounced and long-lasting economic upswing in the industrialised countries were generally regarded as having improved. The increase in demand and production in 1986, however, was more...

The world-wide economic recession, which began as a result of the second explosive rise in oil prices in the spring of 1980, lasted throughout the whole of last year. Unemployment in industrialised countries has shot up at an alarming pace, whereas only limited progress was registered in the...

In Great Britain wide circles have for some time reflected on the advantages of import restrictions as a means of increasing employment. The following article examines the validity of some major arguments brought forward in support of import curbs.