Boyce Richard L Econmst, 611 5th St NE, Washington, DC 20002, US

Founded over twenty years ago, The International Economy is a specialized quarterly magazine covering global financial policy, economic trends, and international trade. Labeled by the Washington Post that precocious Washington [ quarterly ], the publication is edited for and read by central bankers, politicians, and members of the financial community including professional investment managers, macroeconomic specialists, and high net-worth global investors. Widely recognized and quoted in the popular business press, the focused editorial content has attracted a loyal readership base among the world's most powerful and influential decisionmakers. More than t wenty years ago, five hundred guests stood at a VIP reception at the Federal Reserve in Washington as then-Chairman Alan Greenspan welcomed the new publication into existence. Within months, the Washington Post described The International Economy as not some tiresome, gray journal but a publication consistently ahead of the curve. The New York Times defined the magazine's role within the international community as follows: Economist to economist, in English. Later, the Washington Post said the magazine was targeted to' and written by' the power brokers in the world of finance. From the start the magazine became an instant policy bulletin board for the world's decision makers, particularly for G7 policymakers. The magazine enjoys a powerful and influential editorial advisory board. Leading that board is Karl Otto P hl, the head of the German Bundesbank during the first five years of the magazine's existence. Indeed, in 1987 P hl was the most powerful policy figure in Europe and agreed while still in office to head the advisory board. Jean-Claude Trichet, the current head of the European Central Bank and the most influential European economic policymaker today, is an enthusiastic supporter of the magazine and sits on the advisory board. There are a number of reasons for such support, but the most important is the publication's intellectually independent editorial content. When Russian leader Boris Yeltsin was about to assume office and the international community was fixated on the nature of his economic reforms, Yeltsin's chief economic strategist Grigory Yavlinsky came to Washington and met with various news outlets and think tanks. He chose The International Economy to publish the full text of Yeltsin's economic/financial reform plan. The day after its publication, the New York Times ran a three-page story crediting The International Economy for this scoop, with other papers following suit. One reason the Russians chose this particular magazine was that they saw its broad base of writers from the highest echelons of the policy world, from then-Secretary of State James A. Baker III to then-Japanese Prime Minister Kiichi Miyazawa, from foreign policy expert Zbigniew Brzezinski to global international financier George Soros, from Republican Richard Perle to Democrat Larry Summers. In 1990, the magazine won an award for its cover depicting Mikhail Gorbachev, then Soviet leader, working at a McDonald's checkout counter. One additional reason for The International Economy's visibility is that the publication has sponsored a series of highly publicized and influential global conferences involving many of the world's most senior policy officials and the media. These conferences took place over the course of a decade in Tokyo, New York, Washington, Frankfurt, Vienna, and Zrich. In 1988 in Zrich, one of the conference participants, Senator Bill Bradley, floated a proposal for Third World debt restructuring, the outlines of which the Bush I Administration eventually adopted. The concept was subsequently labeled The Brady Debt Plan. Scores of reporters at that conference raced for the telephones when U.S. Treasury official David Mulford publicly announced agreement with the general Bradley debt restructuring concept. Every several years, The International Economy honors a

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