Seventy years after the Bolshevik Revolution the Soviet Union is to embark on a new economic path which, according to Mikhail Gorbachev, will again call for revolutionary measures. What form will these measures take? What obstacles stand in the way of the planned reforms? What are their chances...

Macroeconomic imbalances in the eurozone have decreased significantly since the beginning of the financial and economic crisis. In Portugal, the economic adjustment process is strongly being driven by growth in export activity. The recent improvement in price competitiveness has supported the...

The unification of the two German states within a relatively short period of time now appears inevitable. Yet there is no historical precedent for a successful transformation from a socialist to a market economy. Doubts have been voiced by some as to whether such a transformation is possible....

The West has scored an economic "victory" in Eastern Europe. In the Far East, on the other hand, developments appear to be slipping out of its hands: not only Japan but also, to an ever greater extent, South Korea and Taiwan have been growing into serious competitors in more and more sectors;...