The Laplacian growth (the Hele-Shaw problem) of multi-connected domains in
the case of zero surface tension is proven to be equivalent to an integrable
systems of Whitham equations known in soliton theory. The Whitham equations
describe slowly modulated periodic solutions of integrable hierarchies of
nonlinear differential equations. Through this connection the Laplacian growth
is understood as a flow in the moduli space of Riemann surfaces.Comment: 33 pages, 7 figures, typos corrected, new references adde