There seems to exist wides pread agreement on the superiority of free trade over other forms of trading systems with protectionism being accepted, at best, as a temporary device for slowing down adjustment processes. As against that, Dr. Hager argues that the markets of industrialised and...

On the surface, Europe seems to be climbing out of the dreary post-1973 era, marked by anxiety, doubts, and shocks, to a new “1960s”: economic growth, declining inflation, new consumer gadgets to enjoy. But the medium-term outlook is more disturbing than the euphoria engendered by a...

"Economic security" has become a fashionable but rather loose lable covering the new uncertainties in the world economy. Dr. Hager makes an attempt at a narrower definition of the concept on the basis of which he analyses the threats to Western Europe’s security which result from its economic...