TITLE

A TRADE POLICY FOR THE 1960s

AUTHOR(S)
Vernon, Raymond
PUB. DATE
April 1961
SOURCE
Foreign Affairs;Apr61, Vol. 39 Issue 3, p458
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on the trade policies forwarded by the democratic government of the United States in 1960. The General Agreement on Tariffs and Trade intended to reduce import barriers between the countries. On the other hand the Organization for European Economic Cooperation was intended to implement an unprecedented Code of Trade Liberalization. Apart from resuming reciprocal reduction of trade barriers, the United States also tends to develop a score of other measures which help in creating an economically viable zone that would help in uplifting trade between nations. But economists viewed that these trade policies would have a negligible impact in uplifting the trade barriers or liberalizing the trade between nations. Instead, the political justification for the major trade liberalization projects largely relates to the closing of ranks and the mobilization of power against outsiders. The principal contribution of the trade policy for the United States was to make an influence political rather than economic.
ACCESSION #
14719870

 

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