After a three-year slowdown in the world economy, unemployment in the industrial countries is again almost as high as at the end of the recession in the early eighties. Any improvement will be dependent on a distinct resurgence of economic activity. With the recovery in the USA gaining greater...

Exchange rate volatility and long-term distortions of exchange rate levels have given rise to concern among participants in international trade. Do exchange rate fluctuations have an adverse impact on the volume of trade? What measures could be taken to achieve greater exchange rate stability?

The agreements setting up the new World Trade Organisation (WTO) which were signed in Marrakesh have met with widespread approval. The accompanying controversy over the question of social clauses has made the latter an issue of national and international importance which has since been under...

The general public views international trade in waste materials overwhelmingly with disfavour. Is this negative attitude justified? Professor Hackmann offers an allocative and an ethical assessment of this question.