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• W2074635573 abstract "In assessing the possibilities for change in the international trade regime, U.S. policy is critical. That policy has consistently contained two strands: a long-term commitment to the principle of open markets, a commitment repeatedly reaffirmed in good times and bad; and a tendency to stray from that commitment in individual cases, a tendency that derives from certain deep-seated structural features of U.S. government. The central principles of the General Agreement on Tariffs and Trade, reflecting U.S. ideological preferences, are nondiscrimination, the continuous reduction of trade barriers, and the mediation of trade disputes. Over time, the strength of these principles has gradually been worn away by a stream of legitimated exceptions. For the present, there is no serious possibility of restoring that strength. A second-best possibility, with uncertain long-term implications, is to pursue the objective of open markets through initiatives that are less than global in their reach. Nevertheless, although key principles of the GATT are in eclipse, the institution itself must be retained as an important instrument for talking out trade disputes and as a potential launching pad for new initiatives when such initiatives again become feasible." @default.
• W2074635573 created "2016-06-24" @default.
• W2074635573 creator A5022364160 @default.
• W2074635573 date "1982-12-01" @default.
• W2074635573 modified "2023-09-25" @default.
• W2074635573 title "International Trade Policy in the 1980s: Prospects and Problems" @default.
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• W2074635573 doi "https://doi.org/10.2307/3013960" @default.
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