International Trade in the 1970s

The 1970s marked the end of the years in which the United States was the guarantor of a free world trade order, while Western Europe made efforts to catch up with the economic superpower. In this book, Dr La Barca explains how the trade environment and trade policies in the United States and in the European Community during the 1970s were more complex than frequently acknowledged. In particular, he examines the promotion of greater governmental protection of national industries and the relationship between such tendencies and the negotiations aimed at reducing trade barriers. This analysis shows how the United States and the European Community agreed to pursue their protectionist practices, thereby creating a barrier to serious efforts to enable free trade.