A whole range of economic solutions have been proposed in recent years in an endeavour to combat rising inflation. Of these, the discussion on a policy of gradualism vis-à-vis shock therapy has given rise to considerable controversy. In the light of this controversy the following article...

The danger that the foreign indebtedness of developing countries will again come to a head has by no means been banished. Prof. Gutowski outlines proposals for concerted action by commercial banks, the World Bank and regional development banks which could help to prevent the outbreak of a new...