Word: tradings
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Dates: during 1980-1989
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...trade, where we once led the fight for liberalization, we have voted new quotas and tariffs and would certainly have imposed even greater barriers had President Reagan not threatened to veto them...
...Second World War. Our stakes abroad are now too high to make that policy feasible. What we have been doing, it appears, is to shift more and more toward what one Assistant Secretary of State has called "global unilateralism." Whether by air strikes on Libya, withdrawals from international organizations, trade sanctions against Japan, or secret operations in the Middle East and Central America, we seem inclined to pursue our goals around the world with somewhat less attention to the interests of others, somewhat less concern for the reactions of our neighbors, and somewhat less determination to seek collective solutions...
Economically, our share of the world market is bound to decline still further so that neither our trade nor our aid will have even the influence they currently possess. By the year 2000, we will have to rely on foreign markets, foreign goods, foreign investments loom larger in our eonomy, we will be unable to achieve greater growth or reduce our unemployment without the cooperation of the other great economic powers...
...strong mutual interests in doing so. Such structures have served us well in the past. In the field armaments, the nonproliferation treaty has held the rate of nuclear diffusion to one-third the level that President Kennedy predicted in 1961. In commerce, the General Agreement on Tariffs and Trade has helped to slow the growth of protectionism. In banking, cooperation has worked to contain the threat of massive defaults and to manage the vast shifts of wealth brought on by the OPEC cartel. New opportunites for progress may exist in areas as disparate as protecting the ozone layer, stabilizing exchange...
...will need business executives working with their counterparts overseas to fashion ways of bringing more stability to international trade and investment...