TITLE

ENGLAND'S DILEMMA: FREE TRADE OR PROTECTION?

AUTHOR(S)
Salter, Arthur
PUB. DATE
January 1932
SOURCE
Foreign Affairs;Jan1932, Vol. 10 Issue 2, p188
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article presents some suggestions to solving Great Britain's dilemma in 1932 with regards to its foreign economic policy. In the first place, emergency powers are likely to be secured from Parliament for the imposition of such new duties or prohibitions as events may require. This would cover duties or restrictions against excessive dumping resulting from the world's financial crisis, and special duties against luxury imports, designed to help the pound or to prevent a fall in its external purchasing power from depriving the country of its more necessary imports. Duties (including some on subsidiary articles of food) of a tentative and temporary character may be expected under these powers, the exact extent and character of them depending upon the development of the financial crisis. In the meantime, it is likely that a scheme of protective duties of a more permanent character will be elaborated and examined by a commission which will take evidence from the interests affected. Such an examination is likely to bring out much opposition in detail to particular proposals. The effect of this will be to restrict the protection and make it subject to onerous conditions as to reorganization and as to safeguards against price increases that are out of line with world conditions. Meantime the Government will be able to bargain with a freer hand with other countries. This process of bargaining will in turn raise the question of a considerable extension of the exceptions to the most-favored-nation clause. It is likely also to involve a further departure from the conditions of secrecy with regard to prospective duties. Meanwhile negotiations, culminating perhaps in the Imperial Conference of July next, will proceed with the Dominions; and the whole development will be influenced at every stage by external world events.
ACCESSION #
14944398

 

Related Articles

  • The Indian tiger. York, Nicola // Money Marketing;2/23/2006, p58 

    The article reports on the reluctance of most British companies to invest in India despite the country's huge investment opportunity. Justin Urquhart Stewart, director at Seven Investment Management, believes that they may be unaware of key macroeconomic differences between China and India....

  • Las posibilidades de comercio bajo el gobierno de Obama. LEVY, PHILIP I. // Latin Trade (Spanish);nov/dic2009, Vol. 17 Issue 6, p16 

    No abstract available.

  • FOOLISH INCONSISTENCY.  // New Republic;8/15/83-8/22/83, Vol. 189 Issue 7/8, p8 

    Focuses on the U.S. free trade policy under the regime of U.S. President Ronald Reagan. Economic ideology of the U.S. towards free trade; Vulnerability of American industries; Assessment of the economic policy of President Reagan's administration; Refusal of many countries to enter into free...

  • Former Ustrs Talk Of Trade's Future. Ellis, Kristi; Hoshiko, Eugene; Brack, Dennis; Sheinwald, Richard // WWD: Women's Wear Daily;8/5/2008, Vol. 196 Issue 26, p10 

    The article discusses the future of U.S. trade policy in the light of the failure of the Doha Round of World Trade Organization talks. Four former U.S. trade representatives defended the push for opening markets to global trade and offered their visions on trade at a Senate Finance Committee...

  • Full Speed Ahead For FTA With US.  // Middle East Monitor: The Gulf;Jul2005, Vol. 15 Issue 7, p6 

    The article reports that the UAE is preparing to fast-track negotiations with the U.S. over its looming free trade agreement with the U.S., after signs of political rapprochement between Saudi Arabia and the U.S. A high-level UAE delegation started talks in mid-May with U.S. officials, as part...

  • CAFTA kicks in, but will it include Costa Rica?  // Journal of Commerce (1542-3867);3/6/2006, Vol. 7 Issue 10, p8 

    Reports that the Central America Free Trade Agreement took effect on March 1, 2006. Signatories to the agreement; Issue over Costa Rica's ratification of the agreement; Speculation on Costa Rica's decision.

  • US, Colombia Sign Trade Pact.  // Journal of Commerce (1542-3867);3/6/2006, Vol. 7 Issue 10, p10 

    Reports on the free-trade agreement between the U.S. and Colombia. Terms of the deal; Benefits of the agreement.

  • Regional Integration By the People, For the People. Theodore, Steve Cupid // NACLA Report on the Americas;Jan/Feb2006, Vol. 39 Issue 4, p3 

    The article discusses the weakness of regional integration efforts in Latin America and the Caribbean to counter the colonial and trade dominance of the U.S. and European Union. Such integration projects are impacted by conflicts that reflect disparate interests, competing neoliberal policies...

  • Is the U.S. Falling Behind on the Fast Track of International Trade? Shapiro, Hal S. // World Trade;Jan2007, Vol. 20 Issue 1, p8 

    This article calls on the U.S. to pay attention to international trade. It laments that the Bush administration has not been aggressive as other governments in concluding Free Trade Agreements with major partners. It explains that winning the trade race may more importance for the U.S. that its...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics