Global Approach to Constraints on Invisible Trade
The problems of constraints on international transactions in invisibles are of some concern to the General Agreement on Tariffs and Trade (GATT), the instrument by which the commerce of the free-enterprise world has been governed since the Second World War, helping to restore some semblance of order. They are of more concern, though, to UNCTAD. But by far the most important inter-governmental organization dealing with them is the OECD. To appraise the role which the OECD plays in this field it is necessary to understand the background and development of the Organization for European Economic Cooperation (OEEC) which preceded the OECD.1
KeywordsDirect Foreign Investment Member Country Foreign Bank Capital Movement Freight Rate
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