Although according to the media, the theme for last fall’s meeting of the International Monetary Fund and World Bank Group was all “sweetness and light”, the February dollar crisis demonstrated the instability of the international monetary system. Now is the time for technicians to do the...

One major concern of the Third World, with its emotional and moralistic overtones, is the production and distribution of food. Unfortunately, however, the world food situation is very complex and any over-simplification is counter-productive. This article confronts the myths with the facts...

In a recent editorial (cf. INTERECONOMICS, No. 3/1984, p. 101) Professor Armin Gutowski commented on the surprising increase of the external value of the US dollar which seems to defy traditional explanations of exchange rate determination. The following article presents an American...