The 1970s marked the end of the years in which the United States was the guarantor of a free world trade order, while Western Europe made efforts to catch up with the economic superpower. In this book, Giuseppe La Barca explains how the trade environment and trade policies in the United States...

"The period between the close of the Kennedy Round and the opening of the Uruguay Round replaced a decade of fast growth in world output and trade - and of prevailing harmony in trade relations across the Atlantic - with twenty years of currency and trade turmoil and strains between the US and...