Viner, Jacob
July 1961
Foreign Affairs;Jul1961, Vol. 39 Issue 4, p560
This article focuses on world politics. The cold war had entered a state of acute tension, and earlier hopes that there were opportunities for fruitful negotiation, mutual accommodation, mutual understanding with Russia now seem Utopian. The American economy was undergoing a recession separated from a preceding recession by a disappointingly brief period of moderate prosperity. Europe, though flourishing economically as never before, was involved in a dispute between the Six and the Seven which threatened to split it into two trade areas maneuvering against each other and united only in making access to the European market for overseas products more difficult than before.


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