GATT: the countdown has started

Article Abstract:

The US mandate to negotiate the General Agreement on Tariffs and Trade (GATT) runs out at the end of 1990 making it imperative that the nations successful complete the Uruguay round of negotiations. GATT is necessary to combat the economic distortions caused by protectionism and ensure that free markets, a necessary precondition for economic development for much of the world, remain open. The chief stumbling block to progress is the Common Agricultural Policy of the European Community, which the US feels unfairly subsidizes domestic European farmers and keeps more competitively priced US products out. Other major areas of negotiation taken up in the Uruguay round of talks include textiles and clothing, services, developing countries' tariffs, and anti-dumping duties.

International trade regulation

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Third World debt: a modest proposal

Article Abstract:

The Third World debt is by far the most serious menace to the international liberal capitalist system. Current growth projections for developing countries indicate that the servicing of the debt will mean high unemployment rates, lowering of income and increasing poverty for the large majority of the people. This situation will breed social upheavals which may provoke a breakdown of the world economic system. An immediate, realistic solution could be to donate 150 billion to the masses of the developing countries. this donation could be raised through an oil taxation in the developed countries and given to the people in the form of projects that directly benefit their standard of living.

Social aspects, Economic aspects, International economic relations, External debts

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Developing countries and world trade

Article Abstract:

A recent Argentine study suggests that the General Agreement on Tariffs and Trade (GATT), a forum for international trade agreements, has not succeeded in removing trade barriers. Contrary to the commonly accepted view that the GATT has helped developing countries become more competitive in world trade, the report suggests that the GATT has not helped promote the exchange of dissimilar goods between dissimilar economies. The GATT has generally proved ineffective when faced with substantial protectionist opposition.

Analysis, Employment, International relations, International trade and employment, Commerce

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