Abstract
The preceding three chapters have shown that the analytic base underlying the free-trade argument is not appropriate to situations in which the underlying conditions change at a rate which exceeds the capability of nations to adjust benignly. A free-trade or passive posture may not be the best policy for industrialised countries in turbulent periods. Moreover the process of change could be sufficiently severe that it invokes episodes of anarchy (as in British coalmines and the French steel industry in March and early April 1984). The process of adjustment and adaptation cannot be considered independently of the political process.
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Notes and Reference
A larger scale (Utopian) proposal is developed in Chapter 7.
Note that both McFadzean (1981) and Curzon et al. (1981) are products of the Trade Policy Research Centre. But for the fact that the Centre is a highly respected (and highly respectable) institution, the kinship of the two reports might be seen as weakening the argument of this section. The decision to focus on these two reports derives in part from their authoritative authorship, and in part from their clarity. The McFadzean Report, in particular, merits consideration by all those involved in issues relating to the international aspects of economic development.
The Brandt Commission is the usual title given to the Independent Commission on International Development Issues (1980).
The terms ‘clothing’ and ‘apparel’ may be used interchangeably. ‘Clothing’ is the preferred description in Europe and ‘apparel’ in the US.
For a full description of MFA see Keesing and Wolf (1980).
MFA was renewed in December 1981, much along the lines of the original version. The gloomy forecast of the Report of fixed market shares was not incorporated.
See Section III below in this chapter.
See Appendix B for a description of the very structured system which prevails in the US.
Gray (1982) tests the effect of imports from Africa for the UK and West Germany: the proportionate increases in the ratio remain effectively constant.
Fieleke (1981) shows the pattern of industrial employment in manufacturing underwent more severe changes in between 1973 and 1977 in the US than either Japan or the UK.
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© 1985 H. Peter Gray
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Gray, H.P. (1985). Impasse in North-South Policy Formulation. In: Free Trade or Protection?. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06983-5_6
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DOI: https://doi.org/10.1007/978-1-349-06983-5_6
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