With the increasing integration of the major economies of the world, trade frictions have also increased. The Uruguay Round of multilateral trade negotiations, once scheduled for completion in December 1990, has been slowed over the issue of agricultural subsidies. The U.S.-Japanese trade relations have continued to be a source of friction between the two countries. At issue in all these disputes is whether the United States and other countries are playing "fairly" in the international trade arena.
The General Agreement on Tariffs and Trade (GATT) outlines a variety of rules designed to...
With the increasing integration of the major economies of the world, trade frictions have also increased. The Uruguay Round of multilateral trade n...
