Development of Policy under the Trade Agreements Program

James G. Smith

The Quarterly Journal of Economics, 1936, vol. 50, issue 2, 297-312

Abstract: Origins of the program, 297.— Pitfalls of the policy, 299.— State Department's attempts to avoid them, 300.—Difficulty in application of most-favored-nation principle, 301.—Attempts to meet this, 302.— "Safeguards" 303.— Quotas and exchange control, 304.—Prohibitions on sanitary grounds, 305.— Monopolistic practices, 305.— Domestic planning measures, 305.— The problem of monetary instability, 307. — Conflict with bilateral exchange pacts, 309.—Conclusions: no safeguards developed against managed currency and economic planning pitfalls, 311.—Leadership incumbent upon creditor nations, 312.

Date: 1936
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