All the countries abutting on the Red Sea and on the Gulf of Aden as well as the East African coast will gain in economic, political, and strategic importance as soon as the Suez Canal is reopened to shipping. The present article discusses the situation in an important subregion of this area,...

At the end of 1982 South Korea had foreign debts of US $ 38 billion, the third highest total for a developing country after those of Mexico and Brazil. In contrast to these countries, however, South Korea has avoided debt crises so far. In view of the 20 or more rescheduling operations carried...