Ducking big problems is cowardly

Article Abstract:

The Group of Seven (G-7) countries' summit in Munich, Germany in Jul 1992 produced a regrettable lack of action on the new version of GATT. The G-7 leaders, particularly George Bush and France's Francois Mitterrand, feared that pressing ahead with GATT would endanger their political survival in upcoming domestic elections. This is deplorably myopic thinking, for nothing would be of greater economic value to the G-7 countries and to the world than the 2% growth rate that a new GATT could bring. The leaders did agree to give the Commonwealth of Independent States $24 billion in financial credits.

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Social science's summit

Article Abstract:

The Group of Seven summit in Tokyo in Jul 1993 dealt largely with the social sciences. Many of the problems raised there, including unemployment, ageing populations and education, can be rendered more tractable by reducing tariffs. At a meeting before the summit, the US, Japan, Canada and the EC agreed on a bare-bones set of reductions. If they pass GATT will be in better shape, everyone will be richer, and these social problems will diminish.

Employment, International aspects, International economic relations

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Where should GATT go next?

Article Abstract:

A dispute between Europe and the US over European subsides of vegetable oil made the failure of current GATT negotiations seem likely, but negotiations are again underway and a new treaty may be forthcoming by the end of Feb 1993. The next round of GATT negotiations should follow a new course. Questions of intellectual property protection, international patent protection and free trade in commercial companies should be taken up.

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