Paper 1: This paper suggests that some time in the not-too-distant future the governments of the industrialized democracies – concretely, the United States, the European Union, and Japan – should consider establishing a common currency for their collective use. A common currency would...

On July 1, 1971, the European Community Introduced a system of generalized tariff preferences for less developed countries. This followed nearly five years of intensive discussion among the major industrial countries about how best to respond to an appeal by the UNCTAD to help improve the...