Word: gattes
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Trying to halt the spread of new import quotas and restrictions is one of the goals of a meeting in Geneva later this month among the representatives of the General Agreement on Tariffs and Trade, known as GATT. It is unlikely, however, that any such agreement can be reached. The European nations themselves are worried about the flood of inexpensive imports from Third World nations like South Korea and Taiwan. The Reagan Administration has generally taken a position in favor of free trade, but with unemployment at 10.1%, it will be hard-pressed to maintain its stance...
...shortfalls have driven up interest rates because government borrowing has absorbed funds that could otherwise have been loaned to private industry. When governments have tried to help finance deficits by increasing their money supplies, the result has been more inflation. Says Jan Tumlir, chief economist of the international organization GATT (General Agreement on Tariffs and Trade): "The decisive political issue for the 1980s will be to get government expenditures under control...
...though, were paid for by increasing doses of credit from Western banks. As a result, the developing countries have piled up a staggering $450 billion in debts. Now the banks have grown cautious, and the debtor nations face hard times. Warns Jan Tumlir, chief economist for the international organization GATT (General Agreement on Tariffs and Trade): "I expect that for the first time we will have a generalized recession in the sense that the imports of the developing countries will increase only marginally...
...include operating a nation's canals. All capitalist countries have mixed economies that combine some free-market features and some government controls, depending on practical needs, tradition and political trends. But there are sharp new questions about the mix. Says Jan Tumlir, chief economist of the world trade organization GATT (General Agreement on Tariffs and Trade): "The 1980s must be a period of rethinking the functions of government. We should figure out what governments should do and can do well and what governments should not even...
...deadline for a final pact, many of the thorniest issues still defy solution; they include not only the subsidy question but also such matters as the ground rules for trade between developed and less developed countries. The 500 delegates from 98 nations have been meeting daily at GATT headquarters near the old Palais des Nations, but they are unlikely to reach agreement before time runs...