This book analyzes and evaluates European Community (EC) trade, aid and industrial policies toward developing countries--their origin, main features, logic, evolution and efficacy. The author describes Europe's development policies as regional in scope, colonial in geographical emphasis and discriminatory in their effects. This incisive reevaluation is particularly timely as it illustrates the different strategies the EC countries might pursue in their relations with the outside world as they progress toward fuller economic integration.

The book reviews protectionist practices in the United States, the European Community and Japan. It assesses their causes and effects. In coverage, depth of analysis and vantage point this is a unique study of the new protectionist trends that began in the 1970s and continued into the 1980s. Multilateralism in trade relations is now seriously threatened by the deviant behaviour of the industrial nations, the would-be pillars of the world trading system set up after World War II. The new protectionism exerts strong pressures on the weaker components of the trading system: the developing...

The book deals with both the short and the long-run effects of the Uruguay Round: the reduction in the obstacles to trade, the enlargement of the multilateral system, the new institutional framework and the balance between regionalism and multilateralism in world trade relations. Its conclusions are based on theory, political economy and empirical analysis.