The EC’s association and preference policy has again and again given rise to criticism by those developing countries who are not favoured as well as by the other industrial states. Sometimes, however, it seems that preferences have been overestimated. It cannot be overlooked that the...

On April 10, 1973, the US Administration presented a bill with the ambitious title of "Trade Reform Act". It has the purpose of equipping the executive with instruments and powers to develop US foreign trade according to its own ideas.

Recent negotiations about selling prices for crude oil have reflected an economic controversy between developing countries and the industrialised nations of the West. That, in this particular case, the demands raised by developing countries had to be accepted almost entirely was due to their...