In his final collection of essays, international economist Balassa (1928-1991) examines the implications of the recent cataclysmic changes in the international economic order for developed, developing, and socialist economies. The volume is divided into eight development strategies, adjustment policies, the public sector in developing countries, financial liberalization and interest rates, planning and socialist reform, the GATT negotiations, the EEC enlargement, and trends in economic policies. Balassa's "My Life Philosophy" serves as a postscript. Acidic paper. Annotation copyright Book News, Inc. Portland, Or.