In a recent editorial (cf. INTERECONOMICS, No. 3/1984, p. 101) Professor Armin Gutowski commented on the surprising increase of the external value of the US dollar which seems to defy traditional explanations of exchange rate determination. The following article presents an American...

One major concern of the Third World, with its emotional and moralistic overtones, is the production and distribution of food. Unfortunately, however, the world food situation is very complex and any over-simplification is counter-productive. This article confronts the myths with the facts...