Although regional development banking is a recent institution in the field of international cooperation, the author asks the question whether in the light of current and possible events in the 1970s its fundamental policies are appropriate to those developments in particular, and to economic...

The lesson from previous episodes of trade reform is in part a story of political framing as well as a story of compensatory deals. Countries can calculate that they might lose out on the solution to one of the issues but gain on another.