On May 21, 1970, President Nixon appointed a Commission on International Trade and Investment Policy to study the principal problems faced by the United States in this field, assess present U.S. policy, and produce a set of policy recommendations for the 1970s which would take account of the changes that have taken place on the world economic scene since the end of World War II. Twenty-seven members from business, labor, agriculture, and the universities (a substantial majority from business) were appointed, under the chairmanship of Albert L. Williams, Chairman of the Finance Committee of International Business Machines. The Williams Commission rendered its report in July, 1971: “United States International Economic Policy in an Interdependent World.”
An Appraisal of Floating Exchange Rate Regimes in Latin America