This book brings together an important body of new essays on key economic problems and challenges of the 1990s. The papers included in the volume were presented at a conference organized by Paul Davidson and Jan Kregel and organized around three basic areas: problems of economic development, debt and the international payments system;

Contents: Introduction: Economic Development, Debt and International Finance 1. The Terms of Trade of Primary Commodities, Debt and Development (A.P. Thirlwall) 2. Banking on Capital Flight (W. Darity, Jr) 3. Hyperinflation and Stabilization in Brazil: The First Collor Plan (L.C.B. Periera and Y. Nakano) 4. A Post-Keynesian Approach to Inflation, High Inflation and Hyperinflation (F.J. Cardim de Carvalho) 5. What International Payments Scheme Would Keynes Have Recommended for the 21st Century? (P. Davidson) 6. A German Perspective on the European Single Market and E.M.U (S. Frowen) 7. Alternative Economic Analyses of German Monetary and Economic Unification: Monetarist and Post-Keynesian (J.A. Kregel) 8. Should There be a Marshall Plan for Eastern Europe? (I. Adelman) 9. Low Saving Rates and the ‘Twin Deficits’: Confusing the Symptoms and Causes of Economic Decline (R.A. Blecker) 10. Efficiency, Rent-seeking and Privatization: Ten Propositions (J.D. Donahue) 11. Public and Private Sector Relationships in the Age of Privatizations (R.C. Moe)