A fundamental change is emerging in the World Bank's perception of the problems of the debt overhang and in its ideas for development strategies. The author examines the implications for debtor countries.

The removal of the internal frontiers within the EC will tend to have a negative effect on trade relations between EC and CMEA countries. The implications of 1992 for trade patterns between the EC and the CMEA are examined in the following article and the role which future EC trade policy could...