Introduction Government Intervention and an Open Global Trading System
The current multilateral trade negotiations (MTN) are taking place under circumstances less promising and substantially different from those of the Kennedy Round. Not only have governments found it increasingly difficult to maintain their commitments to trade liberalization as a result of lower growth rates, but they have also called into question many of the rules which have been the basis for the international commercial system in operation since the late 1940s.
KeywordsComparative Advantage Trade Liberalization Industrial Policy Trade System European Economic Community
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