Restrictions sur les échanges et les paiements internationaux

Abstract

Discussions on convertibility cannot avoid considering at one and the same time restrictions on international trade and payments. In particular , the concrete results of decisions taken in one of these two fields can only be perceived in the light of their effects on the other. The role of international agreements on the abolition of trade and pay¬ ments restrictions is discussed in relation to the work of the O. E. E. C. It is concluded that a country should choose its trade and payments policy taking into account the possibilities-offered by international agreements rather than acting unilaterally. In any case , errors of judgment often result from the failure to consider the concrete results of policy decisions for the different categories of individuals or organizations directly affected by those decisions. The concept of the general interest of the country is insufficient. It may be noted, also, that the results of decisions taken by one country can depend largely upon decisions taken by other countries. The example of commodity shunting illustrates this. Although there is a need for wider international discussion of all aspects of trade and payments problems it is likely that results will be achieved more rapidly through existing international organizations once the dimensions of the problems posed are realized.