In recent weeks, fears of a worldwide economic recession have become widespread because more and more symptoms appear that resemble those at the start of the great depression of 1929. However, wrong conclusions may be drawn from similar symptoms unless basic development trends as well as the...

The dramatic changes presently taking place in the world economic environment involve considerable risks, but at the same time offer significant opportunities which should not be ignored. Some of the major challenges the world economy is facing in the 1990s are discussed in the following article.

The development of the Third World countries which are producers of raw materials and agricultural products has become a cardinal problem of economic science and policy. Concentration on the question what is the best development strategy to obtain maximum growth of the national product has led...