Opening lecture -- Peace and trade: The classical vs the marxian view -- James and John Mill on comparative advantage: Sraffa’s account corrected -- The financial conditions for sustaining the present recovery -- World trade and international finance: lessons from the past -- The influences of international capital flows on world trade -- High-tech and the changing shape of world trade -- International equilibrium — Some longer-term issues -- The trend in world protectionism -- The United States economy in transition -- The role of domestic US economic and financial policy in the world economy: cures that could be worse than the disease -- Exchange stability, international monetary coordination, and the U.S. Federal Reserve System -- Surveillance over exchange rate policies -- The future of North—South relations: alternative approaches -- Countertrade: a disruptive phenomenon in international trade -- Barter: the misunderstood alternative -- East—West trade and the role of the Western government -- Some thoughts about East—West economic relations and the world economy -- Did the exchange rate stability within the EMS contribute to more trade? -- The viability of the ECU -- The Pacific Basin, recent economic and financial developments -- The trading company: past and future -- Success factors for the next ten years: an approach to the development of international trading -- The consumer in world trade -- Export finance from a Keynesian point of view -- Doing business crossculturally: International trade and the resurgence of Islam.