The GATT system has in recent years revealed a number of dangerous weaknesses. Therefore there is reason for concern not only with the further liberalisation of trade within the accepted framework of GATT rules but with a reform of the rules as well.

This article discusses the frustrations both sides of the Atlantic regarding security, commercial and monetary policies. It suggests, however, that with the European Community, Japan and the USA all in difficulties together they might now possess the political will to arrest through negotiations...

Cover -- Half Title -- Title Page -- Copyright Page -- Original Title Page -- Original Copyright Page -- Contents -- Part I: TRADE STRATEGY FOR AN OPEN WORLD -- 1 Period of reappraisal in commercial diplomacy -- 2 Options for a liberal commercial policy -- 3 Institutional flexibility and global...