The rise in unemployment is often blamed not only on the slowdown in economic growth but also on the increasing pressure to rationalise. Greater rationalisation should, however, have led to an increase in labour productivity, but this has not happened in the Federal Republic of Germany nor in a...

The seventh round of GATT negotiations was brought to a conclusion in the spring of this year. One of the objects for the USA was to correct the trend of world trade which had been to its disadvantage. Its main concern was to bring about a settlement of the trade relations with the western...