While bringing unprecedented prosperity to post-war Japan, her "economic miracle" at the same time led to greater vulnerability owing to a much higher degree of dependency on raw material imports and outlets for export goods. This was brought home to the Japanese by events in the early 1970’s....

Since 1970 the world economy has gone through a series of grave crises which have stimulated an intensive discussion about the economic and political relations between industrialized and developing countries. As seen from the Federal Republic of Germany, the witnessed events have not only an...

Since Mao's death China has greatly strengthened its contacts with Western industrialized states. This year the People's Republic has concluded trade agreements with Japan and the European Community, amongst others. All these activities suggest that China's economic policy is set on a new course.