Europe at Sixes and Seven: The Common Market, the Free Trade Association and the United States

1962 ◽  
Vol 44 (3) ◽  
pp. 356
Author(s):  
Richard E. Caves ◽  
Emile Benoit
Worldview ◽  
1970 ◽  
Vol 13 (6) ◽  
pp. 14-16
Author(s):  
Lionel Gelber

When the United States fostered the recovery and underwrote the security of Western Europe she had more than sentiment to impel her. That salient zone is a pivotal sector of the world balance, and while she may station fewer of her own troops upon its soil, she can entertain no total disengagement from it. But there is another West European item, the future of the Common Market, which calls for a fresh American scrutiny. The West will be better off if Western Europe acquires more of an ability to stand on its own feet. Gaullism, however, revealed a less modest goal, one that was not confined to France and did not vanish with the departure of General de Gaulle. On the contrary, it may have gained new leverage from his downfall.


2019 ◽  
pp. 1-20 ◽  
Author(s):  
Joseph Halevi

This paper analyzes the early stages of the formation of the Common Market. The period covered runs from the end of WW2 to 1959, which is the year in which the European Payments Union ceased to operate. The essay begins by highlighting the differences between the prewar political economy of Europe and the new dimensions and institutions brought in by the United States after 1945. It focuses on the marginalization of Britain and on the relaunching of French great power ambitions and how the latter determined, in a very problematical way, the European complexion of France. Because of France’s imperial aspirations, France, not West Germany, emerged as the politically crisis prone country of Europe acting as a factor of instability thereby jeopardizing the process of European integration, Among the large European nations, Germany and Italy appear, for opposite economic reasons, as the countries most focused on furthering integration. Germany expressed the strongest form of neomercantilism while Italy the weakest.


2005 ◽  
Vol 33 (1) ◽  
pp. 11-64 ◽  
Author(s):  
Michelle S. Viegas

At the 1994 Summit of the Americas, leaders of democratic nations in the Western Hemisphere committed to establishing a Free Trade Area of the Americas (FTAA) by January 2005. The Declaration of Principles resulting from that Summit called for building on “existing sub-regional and bilateral arrangements in order to broaden and deepen hemispheric economic integration and to bring the agreements together.” Although ambitious, this endeavor was undertaken during a decade marked by an unprecedented proliferation of trade agreements. In 1991, Argentina, Brazil, Paraguay and Uruguay agreed to initiate the formation of a common market now known as the MERCOSUR. Then in 1994, Canada, Mexico and the United States signed the North American Free Trade Agreement which replaced the United States-Canada Free Trade Agreement. Later that year, nations around the world formalized the existing General Agreement on Tariffs and Trade, creating the World Trade Organization. In 1997, the Andean Community of Bolivia, Colombia, Ecuador, Peru and Venezuela formalized its plans to establish a common market. Members of the Caribbean Community and Common Market also agreed in several protocols to further their economic and social integration. During the 1990's, numerous other trade agreements were negotiated, and their development continues at the same rapid pace today.


1973 ◽  
Vol 12 (1) ◽  
pp. 91-92
Author(s):  
Z. A. Vaince

Harry G. Johnson edited the book under review when trade policy after the Kennedy Round was in a state of flux. In the United States there was a resurgence of protectionism. Britain suffered another EEC rebuff in the same period, with Western Europe remaining at Sixes and Sevens. The imbalance of European Currencies and the inadequacy of international reserves were a threat to international trade. Generalised Tariff Preferences for developing countries were agreed in principle, but agreement in practice was not in sight. President Kennedy's Grand Design needed a revision. A New Trade Strategy was required. The present collection of papers seems to have been designed to provide this new strategy. In broad terms, what is proposed is the establishment of a free trade regime in industrial products amongst a group of countries touching the Atlantic, together with some subsidiary proposals for action in related areas of trade policy. The nucleus of what would thus initially be a North Atlantic Free Trade Area (NAFTA) would be the United States, Canada and Britain and other members of the European Free Trade Associa¬tion (EFTA). But the plan would be an "open-ended" arrangement which other industrialised nations — Japan, Australia, New Zealand and the countries - of the European Economic Community—could also join, provided they were prepared to conform to the rules that this integration scheme would entail. The launching of a multilateral free trade association could be the means of continuing the momentum towards world trade liberalisation and of countering the inward-looking tendencies of the EEC.


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