General Agreement on Tariffs and Trade, signed in 1948, and since then the main force for tariff and trade negotiations.
2.
Cf. European Community, No. 83, July 1965.
3.
Comecon may be translated as the Council for Mutual Economic Assistance. Its membership includes Bulgaria, Czechoslovakia, East Germany, Hungary, Outer Mongolia, Poland, Rumania, and the U.S.S.R.
It is relevant to note that the prototype scheme for the international integration movement, the EEC, is the creature that defied, and still does, the established political dogma of international relations which holds that a solution and settlement of political issues is an absolute precondition for any such economic rapprochement as integration involves. Yet the breakthrough was made on the economic and not on the diplomatic front.
6.
Cf. KoldeE. J., “Functions of Foreign Based Affiliates in the Administrative Structure of International Business Enterprise,”Revue Economique et Social, December 1962, pp. 155–182; and a follow-up survey now being prepared for publication.
7.
Relative poverty is a subjective concept which varies with one's notions of dignity and justice rather than with biological necessity.
8.
A grant of aid to Country X increases U.S. exports to it. But, unless the U.S. export industries involved have excess capacity or the imports of Country X have a completely different composition than those of Country Y, the latter will receive a smaller volume of U.S. exports as part of them are now directed to X. The effect of aid is even more pronounced if there is a re-allocation from Y to X.
