Trade Liberalization among Industrial Countries

Fülszöveg

Trade Liberalization
among Industrial Countries
Beta Balassa
Today, high tariffs no longer protect our industries: they endanger
them. The economic boom in Western Europe, the Common Market,
and the détente between East and West have considerably changed
economic power relations in the Atlantic Community. European
countries are now in a position to bargain equally with the United
States and even exclude it from profitable trading arrangements.
Trade Liberalization among Industrial Countries is a penetrating
appraisal of our economic relations with industrial countries which
considers three possibilités for liberalizing United States trade.
These are: (1) an Atlantic Free Trade Area, (2) periodic tariff reduc-
tions in accordance with the most-favored-nation clause, and (3) a
trade arrangement among industrial countries that excludes the
Common Market.
Mr. Balassa compares the probable economic effect of each alter-
native, and weighs its political objectives as... Tovább

Fülszöveg

Trade Liberalization
among Industrial Countries
Beta Balassa
Today, high tariffs no longer protect our industries: they endanger
them. The economic boom in Western Europe, the Common Market,
and the détente between East and West have considerably changed
economic power relations in the Atlantic Community. European
countries are now in a position to bargain equally with the United
States and even exclude it from profitable trading arrangements.
Trade Liberalization among Industrial Countries is a penetrating
appraisal of our economic relations with industrial countries which
considers three possibilités for liberalizing United States trade.
These are: (1) an Atlantic Free Trade Area, (2) periodic tariff reduc-
tions in accordance with the most-favored-nation clause, and (3) a
trade arrangement among industrial countries that excludes the
Common Market.
Mr. Balassa compares the probable economic effect of each alter-
native, and weighs its political objectives as well. His study is not
restricted to our trading policies with Western Europe; it includes
our economic relations with Japan, Canada, and those less de-
veloped nations whose economic well-being and political stability
are major policy objectives of the United States.
Bela Balassa is an advisor with the International Bank for Recon-
struction and Development in Washington, D.C. He has published
several books on economic development and trade policy, and his
articles have appeared in the Harvard Business Review as well as
in economic journals.
m Vissza