Abstract
The world economy resembles an aircraft flying at minimum speed — theory shows it can stay afloat, but in practice the slightest shock could send it crashing down.
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References
P.A. Wellons, Borrowing by Developing Countries on the Eurocurrency Market, (Paris: OECD Development Centre, 1976).
P.T. Kilborn, ‘The Sudden Wilting of Reagan’s Rose Economy’, The New York Times (27 July 1986).
The Wall Street Journal, cable from London (24 September 1986).
The New York Times, article from Canberra (28 July 1986).
Financial Times (30 September 1986).
Financial Times, Special Supplement on Egypt (4 June 1986).
‘World Trade to Grow 3.5% during 1986’, Financial Times (8 September 1986).
‘Trade by Developing Countries Declines’, Financial Times (8 July 1986).
Jones, Cherrington, ‘World Market in a State of Crisis’, Financial Times (10 September 1985).
OECD Employment Outlook (Paris, September 1986).
‘At the Summit: More Wind than Work’ (editorial), The New York Times (8 May 1986).
Economic and Social Progress in Latin America — 1986 Report (Washington, D.C.: Inter-American Development Bank, 1986).
The Latin American GDP Expanded at a Compound Rate of 5.8 per cent between 1960 and 1980, Ibid.
P. Montagnon, ‘Third World attacks West over Debt Crisis’, Financial Times (29 September 1986).
C. Crook, ‘The World Bank — A Change of Pace’, Special Survey, The Economist (27 September 1986).
‘Less Money for More People’, The Economist (5 July 1986).
For details, see UNCTAD, Trade and Development Report, 1986, Annex to Chapter VI — Towards International Debt Reform (New York: United Nations, 1986) pp. 138–147.
P. Krugman, Prospects for International Debt Reform, Report to the Group of Twenty-Four (UNDP/UNCTAD: January 1986) (mimeo).
Ibid, p. 34.
The Economist (19 July 1986) and ‘Banks Build Reserves for Third World Debt Crisis’, Financial Times (24 June 1986).
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© 1988 Pugwash Conferences on Science and World Affairs
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Wionczek, M. (1988). Where is the World Economy Going, if Anywhere?. In: Rotblat, J., Valki, L. (eds) Coexistence, Cooperation and Common Security. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19369-1_27
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DOI: https://doi.org/10.1007/978-1-349-19369-1_27
Publisher Name: Palgrave Macmillan, London
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