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Impasse in North-South Policy Formulation

In: Free Trade or Protection?

Author

Listed:
  • H. Peter Gray

    (Rutgers University)

Abstract

The preceding three chapters have shown that the analytic base underlying the free-trade argument is not appropriate to situations in which the underlying conditions change at a rate which exceeds the capability of nations to adjust benignly. A free-trade or passive posture may not be the best policy for industrialised countries in turbulent periods. Moreover the process of change could be sufficiently severe that it invokes episodes of anarchy (as in British coalmines and the French steel industry in March and early April 1984). The process of adjustment and adaptation cannot be considered independently of the political process.

Suggested Citation

  • H. Peter Gray, 1985. "Impasse in North-South Policy Formulation," Palgrave Macmillan Books, in: Free Trade or Protection?, chapter 6, pages 90-113, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06983-5_6
    DOI: 10.1007/978-1-349-06983-5_6
    as

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