C. Fred Bergsten
- previous
- Page 2of 2
Essay
Oct
1974
Canada will now permit new foreign direct investments only when they bring "significant benefit" to Canada. The determination of "significant benefit" is explicitly to be a policy decision of the cabinet, based on five criteria: the contribution of the proposed investment to "the level and nature of economic activity in Canada," including employment, use of Canadian components, and exports; the degree and significance of Canadian participation in the enterprise; the effect on productivity, technological development and innovation in Canada; the effect on industrial competition; and the compatibility of the investment with the economic and industrial policies of the national and provincial governments.
Essay
Jan
1972
In the summer of 1971, President Nixon and Secretary Connally revolutionized U.S. foreign economic policy. In so doing, they promoted a protectionist trend which raises questions about the future of the U.S. economy at least as fundamental as those raised by the abrupt adoption of wage-price controls. In so doing, they have also encouraged a disastrous isolationist trend which raises questions about the future of U.S. foreign policy at least as fundamental as those raised by the President's essentially positive and decidedly non-isolationist China initiative, Vietnam policy and negotiations with the Soviet Union. Both the U.S. economy and U.S. foreign policy for the relevant future hang in the balance.
Essay
Jul
1971
Since 1962, U.S. trade policy has been moving steadily away from the liberal trade approach which had characterized it since 1934 and which has been the objective of every administration since that time.
Essay
Jul
1968
A World economy must be managed (de facto or de jure) by a mix of national dominance and international policy coördination. As the dominance of the United States shrank over the past decade-in fact if not in the consciousness of all U.S. policy-makers-some degree of integration of policy became necessary, at least among the major nations. The alternative was to risk the benefits of international intercourse by reverting to uncoördinated exercise of autonomous national policies.
- previous
- Page 2of 2
