Word: internationale
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Dates: during 1970-1979
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I am outraged by the latest show of student activism on campus--Monday's proposed boycott of classes in support of both South African divesture and the Afro-American Studies Department. Taking a moral stance on racial apartheid in South Africa, certainly one concern of international importance, is one thing...
An international agreement to lower tariffs signed in Geneva last week, by 21 industrialized non-Communist countries represents an attempt to stimulate world trade although the effectiveness of the pact remains uncertain, trade experts said yesterday.
Raymond Vernon, Johnson Professor of International Business Government, called the pact that resulted after five years of negotiations, "a very substantial agreement, almost a landmark."
"Most governments when considering specific trade questions usually respond to the pressure group affected, but this is one of those rare cases where governments have taken much larger view of international trade," Vernon said.
"One could think of this as a last-ditch attempt to shore up international trade, but until it goes into effect it is too early to judge its impact," Jagdish Bhagwati, professor of economics at the Massachusetts Institute of Technology said yesterday.