Japan's meteoric economic rise, the hardly less impressive growth of a number of newly industrialised countries in South-East Asia and the enormous mineral wealth of the region have long caused academic and political observers to show keen interest in the economies of the Pacific. Proposals for...

Integration in Africa can only be a long-term attempt to solve economic problems, because of its high absorption of scarce and therefore expensive factors of production. In contrast to integration, cooperation seems to be a more useful approach to tackle the urgent employment and growth problems.

The Budget of the European Communities has recently moved from the political periphery to the centre of the stage. The European Parliament and the Council of Ministers could not agree on the 1980 Budget, the main issue being its domination by the expenditures on agriculture. Moreover, a...