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62 Harv. L. Rev. 1089 (1948-1949)
The International Trade Organization Charter

handle is hein.journals/hlr62 and id is 1131 raw text is: HARVARD
LAW REVIEW

VOL. 62                   MAY, 1949                       No. 7
THE INTERNATIONAL TRADE ORGANIZATION
CHARTER t
George Bronz *
M EASURES directed toward the reconstruction of the war-
torn countries of Europe and the Far East, and toward the
development of Asia, Africa, and Latin America, command pri-
mary interest today in the international economic realm. The
tremendous expansion of our productive capacity in the past
decade has contrasted strikingly with the difficulties of other
countries, and has correspondingly diminished interest here in
international commercial rivalry, which, for many centuries,
played so large a part in relationships among nations. Yet the
success of our programs of reconstruction and development would
result in the re-establishment of a reasonable balance in interna-
tional trade and payments, and, thereby, the restoration of the
traditional importance of commercial rivalry. The direction
taken by reconstruction and development plans will, to a large
extent, determine the kind of international commercial relation-
ships we can expect to have once balance is restored. Equilibrium
can rest on autarchical policies throughout the world, with a
minimum of international commerce, or can be based on expand-
ing international specialization, with a rising volume of world
trade. Equilibrium is possible either way, but the latter alterna-
t This article is a statement of the author's personal views, and is not presented
as the official view of his department, or of any other agency of the Government.
* Special Assistant to the General Counsel, Treasury Department; member of
the United States Delegation to the United Nations Conference on Trade and
Employment, Havana, 1947-48, and to the meetings of the Preparatory Committee
for the Havana Conference.

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