pt. 1. Global trends: ch. 1. The world economy : performance and prospects -- ch. 2. International financial markets and the external debt of developing countries -- pt. 2. Rethinking economic policies: ch. 1. Convergence of growth, inflation and unemployment in the North -- ch. 2. The invisible hand, capital flows and stalled recovery in Latin America -- ch. 3. Systemic risk and derivatives markets : selected issues -- pt. 3. Unemployment and interdependence: ch. 1. The issues at stake -- ch. 2. Trade, technology and unemployment -- ch. 3. The labour market, capital formation and job creation -- ch. 4. Policies for full employment.