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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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