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Recent cataclysmic changes in the international economic order are shaping the global policy changes of the 1990s. In his final collection of essays, Belta Balassaa examines the implications of these recent changes for developed, developing and reforming socialist economies. Essays on the developing countries cover development strategies, adjustment policies, the public sector and financial liberelization. Essays on the reforming socialist economies cover econmic integration in Eastern Europe, foreign economic ties of the Soviet Union, and the use of indicative planning. Trade policy negotiations are covered in several essays on GATT negotiations and on hte consequences of the EEC enlargement. The volume closes with selected essays on trends in economic policies.