EDITORIAL: The economy,unemployment and industrial relations.

In analysing and criticising current UK economic strategy Brian Towers comments that the present level of mass unemployment is the most serious economic, social and political problem to face the developed countries—and with devastating consequences for the Third World—since the end of the Second World War. Yet a large part of the explanation for the deepening recession lies in the policies of individual states with support from several international economic organisations, notably the IMF.