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Margaret Thatcher, the admired former prime minister of Great Britain, had a vision for Europe. She envisioned the Single Market of Europe creating a zone of prosperity and stability as [...]

If I were asked to give a name to our century, I would not hesitate for a single moment. I would call it the 'Century of Globalization,' because this will [...]

Focuses on politics and the economy in Germany. History; Chancellor Helmut Kohl's efforts to integrate the reunited Germany into the European Union; Wage negotiations; Public expectation of a second economic miracle in the aftermath of reunification; Unions' insistence on wage parity with the west; German people's resistance to change; Failures of the political class.

Presents the essay `Frontiers in the New World Marketplace,' which focuses on the transformation of international business into a truly global economy. Free-market systems; Social contracts in Western-style capitalism; Restructuring of the United States' system of doing business; Restructuring in Europe and Japan.

Discusses the trends affecting international mutual funds from American investors. Origins of the investment trend; Importance of observing caution before investing in emerging markets; Identification of risks of global investing.

Discusses the political condition in West Germany. Implications of the election of Chancellor Helmut Kohl; Political activities of the parties; Coalition between the Social Democratic Party and the environmental party Greens; Coalition of Kohl's party Christian Democratic Union and Free Democratic Party; Economic conditions; Government administration.

Analyzes the economic problems of Germany brought about by the reunification process. Time limitation on the income-tax surcharge; Germany as the world's most expensive location for industrial production; Advance of the social-welfare state; Reasons for recession; Conflicting societal ideals; Federal election on 1994. INSETS: East meets west.;Mounting problems..

Discusses how Europe today is mired in a refugee problem that will end only when living conditions in other parts of the world improve. Germany's refugee problem is different from that of its neighbors since it comes on top of a unification process that is not going well. Tide of ethnic Germans pouring in from other nations of the eastern bloc; How the country is coping; Spends about $23.3 billion annually for the 1.5 million refugees now living there.

Examines the factors that affect the economy of the United States in the 1990s. Budget deficit; Short-term interest rates; Inflation.