Word: trades
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Dates: during 1960-1969
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...five Andean countries of Colombia, Ecuador, Peru, Bolivia and Chile. The five agreed to work toward the elimination of internal tariffs within an eleven-year period and the erection of a common external tariff. This Andean common market represents an improvement over the largely ineffective Latin American Free Trade Association, formed in 1960 by ten Latin American countries. In several respects, the Andean experiment is similar to the nine-year-old Central American Common Market whose existence has encouraged moderately successful economic growth among its five member nations...
...will move toward mandatory import controls. Protectionist sentiment is rising in Congress. Earlier this month, Wilbur Mills introduced a bill calling for textile import quotas, and it will get massive support. If the bill passes, it could set off a round of moves and countermoves restricting free trade...
...both textiles and autos, some hard bargaining lies ahead between the capitals of the two largest economic powers of the non-Communist world. Obviously, the cause of free trade will be helped if each becomes more tolerant of the other's exports...
...ideas stumble on some basic contradictions. While he does not necessarily believe that "bigness is badness," he insists that in the case of conglomerates size alone is potentially anticompetitive. Therefore, he is not likely to miss an opportunity to challenge "giant acquisitions" even if no actual restraint of trade is involved. This action, he believes, would tend to retard such possible abuses of economic power as reciprocity. He fears, for example, that a huge diversified company would be tempted to "systematically use its tremendous purchasing power to make sales" by inducing suppliers to buy its own products...
...conventional standards, such exhaust-pipe theatrics should have been made into an equally predictable film. The result, called Run, Angel, Run, is, however, something more than fodder for the teeny-bopper drive-in trade. For all that is patently naive and even painful to watch, there are occasional scenes, such as a dinner-table argument and a tense ride with some hobos on a fast freight, that have a kind of tough virtue...