Finland is the last one of the non-applicant EFTA countries to conclude a free trade agreement with the EC. The author takes a favourable view of its prospects particularly since it has come into force just as a cyclical down-turn was getting under way.

Declining R&D intensities at the national level coincide with growing international technological links. Deviations of individual OECD countries from the average R&D intensity reflect differences in industry structure as well as in sectoral R&D intensity. At the same time, the sectoral...

Efficiencies have yet not played a prominent role in American merger enforcement policy, although the federal antitrust agencies and the courts have recognized efficiencies as a factor in merger analysis that may tilt the balance in an otherwise anticompetitive transaction. A review of the...