The book reviews protectionist practices in the United States, the
European Community and Japan. It assesses their causes and effects.
In coverage, depth of analysis and vantage point this is a unique
study of the new protectionist trends that began in the 1970s and
continued into the 1980s. Multilateralism in trade relations is now
seriously threatened by the deviant behaviour of the industrial
nations, the would-be pillars of the world trading system set up
after World War II. The new protectionism exerts strong pressures
on the weaker components of the trading system: the developing
nations. Born as an intra developed countries' affair, the new
protectionism has in fact shifted its focus on developing
countries, threatening the newly found outward orientation of many
and making more difficult for all to retain the benefits of export
trade.
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