The Middle East has become the largest external supplier of imports to the European Community, and is also the EC's largest export market. Rising oll prices have not only affected the value of EC imports from the Middle East, but have also ultimately determined the ability of the Middle Eastern...

Among the many contraints facing all participants in the international division of labour in the present decade, some seem to affect centrally planned economies (CPEs) to a greater extent than other countries. The CPEs' additional problems are due, according to Prof. Winiecki, to specific,...

When the General Agreement on Tariffs and Trade (GATT) was concluded in the late 1940s, there was hardly any mention of international transactions in services. At that time, the issue of international trade in services was of minor importance. In addition, attention was initially focused on...

A high degree of concentration on a few commodities in the export structure of Pakistan during more than a decade of economic planning reflects the typical weakness of many developing countries in generating adequate and stable external resources so badly needed to accelerate their development...

Recent negotiations about selling prices for crude oil have reflected an economic controversy between developing countries and the industrialised nations of the West. That, in this particular case, the demands raised by developing countries had to be accepted almost entirely was due to their...

The classic view of the theory of foreign trade that unfettered international exchanges of goods enhance the economic welfare of all participating nations is gaining more and more ground in the discussions about development policy. Since past experience has shown capital aid alone to be...