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Discusses the lessons provided by Russia's economic experience since the collapse of central planning in 1991 to policy-makers in Iraq. Debate surrounding appropriate economic policies for Iraq; Errors committed by the authorities who handled the economic plans of Russia during the early 1990s; Comparison between Russian and Iraqi economic features.

Discusses the study of finance at Chatham House. Evolution of finance; Two major trends of the 20th century, whose future relationship to each other is in many ways the central issue of the study of the international economy; Scepticism about the continuing need for the United Nations International Monetary Fund.

Focuses on the economic and political problems facing Cuba as a result of the United States embargo. Details on Spanish imperial economic system; Evidences of poverty in Havana; Changes brought about by the lifting of the ban on holding foreign currency in 1993.