Abstract

Nearly everyone agrees that an expansion of international trade is desirable. On the one hand, liberals and many conservatives view expanding trade in the "free world" as somewhat of a panacea capable of solving certain domestic marketing problems plaguing "free enterprise" economies. On the other hand, socialists frequently suggest that an expansion of East-West trade could serve as an essential foundation for peace and coexistence. Still, with the notable exception of a flourishing intra-socialist bloc trade, international trade appears to be pretty much in the doldrums.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.

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