A monetary union among autonomous countries cannot simultaneously maintain an independent monetary policy, national fiscal sovereignty and a no-bailout clause. These three features make up an impossible trinity, and attempts to preserve all three concurrently will ultimately end in failure. In...

The fifth session of the United Nations Conference on Trade and Development in Manila will undertake a detailed review of the progress in the implementation of the Integrated Programme for Commodities. I. S. Chadha attempts such a review from the point of view of UNCTAD for our readers.

The fifth session of the United Nations Conference on Trade and Development in Manila will undertake a detailed review of the progress in the implementation of the Integrated Programme for Commodities. I. S. Chadha attempts such a review from the point of view of UNCTAD for our readers.

As one of the biggest trade partners of the developing countries the Federal Republic of Germany is of necessity one of the states to which these countries will address their trade-political demands at UNCTAD V. An analysis shows however that, as the classic competences for trade policy...