Towards the end of 1997, a financial and currency crisis was precipitated in the Far East. But once the affected countries have coped with their current problems, a brisk upswing can be expected. A WIFO survey performed at the apex of the crisis found that 62 percent of the companies polled felt...

Towards the end of 1997, a financial and currency crisis erupted in the Far East. But once current problems have been overcome, the affected countries can be expected to enjoy a brisk upswing. A WIFO survey, made at the height of the crisis, found that 62 percent of the responding companies felt...

An international comparison of hourly compensation costs for production workers in manufacturing exhibits large differences. In the richest industrialised countries such as West Germany, Switzerland, and Sweden hourly compensation costs are about ten times as high as in newly industrialising...