Word: bilaterall
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For in direct loans, the U.S. would remain in a position to call the tune for each debtor. The other nations, mindful of the effects of the whimsical U.S. lending tariff policy of the prewar decade, might well prefer exchange controls and bilateral barter agreements among themselves to the acceptance...
Lord Catto knows that his country faces profound difficulties. Burdened by debt, faced with the loss of revenues from overseas investment and shipping, faced too with the problems of a Europe in reconstruction, postwar Britain must inevitably maintain all manner of exchange and trade controls for the short run. The...
This week both the U.S. and the British were ready to throw in the doilies and start all over again. But no one seemed to know how. One solution that might appeal to the State Department would be to run a whole series of bilateral talks-for one thing, that...
Of overall importance in both plans is the setting up of a forum (like the New York Federal Reserve under Strong and Harrison) where experienced men can exert their influence for sanity in financial affairs. Of like importance is the substitution of a multilateral agreement, a set of rules for...
The Record. Since Stalin has been Russia's dictator, Russia has made much of abiding by signed agreements and official promises. The occupation of the Baltic States was accomplished by diplomatic pressure. The military occupation of part of Poland, the Russian argument runs, took place after the Government of...