This is the flfth volume in the series of books emanating from the activities of the Egon-Sohmen-Foundation. The Foundation was established by Helmut Sohmen of Hong Kong in memory of his late brother, Egon Sohmen (1930-1977), who was an interna­ tional economist, highly respected on both sides of the Atlantic. The conference topics in previous years were ''Towards a Mar­ ket Economy in Central and Eastern Europe," "Money, Trade, and Competition," "Economic Progress and Environmental Con­ cerns," and "Economic Aspects of International Migration." These are also the titles of the respective conference volumes (edited by Herbert Giersch and published by Springer). The topic of the 1993 conference evolved from a