In This Review

Trade and Payments in Western Europe
Trade and Payments in Western Europe
By William Diebold, Jr
Harper (for the Council on Foreign Relations), 1952, 488 pp

This book provides both a descriptive account and a critical analysis of what Western European countries have accomplished since the beginning of the Marshall Plan in facilitating trade and payments among themselves. The account is based in part on public sources, in part on investigations in Europe and conversations with persons actually supervising the mechanisms of economic coöperation. The book is more than current history, for the author has interwoven analysis and interpretation with his narrative, to show why Great Britain, France, Germany and other countries have sometimes favored and sometimes opposed the European Payments Union, trade liberalization and other cooperative measures.