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The US, the EC and World Trade - From the Kennedy Round to the Start of the Uruguay Round (Hardcover)
Loot Price: R4,551
Discovery Miles 45 510
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The US, the EC and World Trade - From the Kennedy Round to the Start of the Uruguay Round (Hardcover)
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Total price: R4,571
Discovery Miles: 45 710
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The period between the close of the Kennedy Round and the opening
of the Uruguay Round replaced a decade of fast growth in world
output and trade - and of prevailing harmony in trade relations
across the Atlantic - with twenty years of currency and trade
turmoil and strains between the US and the EC. Giuseppe La Barca
provides a comprehensive account of these trade developments and
the measures adopted by the US and the EC to cope with them; in
doing so, he draws a wider picture of international trade
policy-making during the period. The aftermath of the Kennedy Round
witnessed the undoing of the Bretton Woods regime, but the
consequent overheating of the world economy resulted in an
acceleration of international trade while settlement in the
currency area contributed to the launching of the Tokyo Round
negotiations. The first oil shock heralded an unprecedented slump
along with a jump in unemployment and inflation rates. The Tokyo
Round resulted only in a first step in eliminating non-tariff
barriers, leaving contentious issues between the two transatlantic
trading partners unsettled. The second oil shock led to growing
calls for protectionism and unilateralism particularly in the US,
and the Reagan administration pressed for the launch of the Uruguay
Round only partially supported by the EC. Providing an in-depth
analysis of trade developments involving the two most important
economic actors, and placing these developments in a multilateral,
international context, this book offers new insights to scholars of
economic history and international political economy.
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