With regard to the trading order, questions have arisen about the benefits from freer trade at a time when more countries are turning to managed trade and protectionist sentiment is on the rise. Some believe that the international financial system, for its part, no longer facilitates the transactions of goods but dominates them. This article discusses these issues and addresses the policy options available to government leaders.
© 1985 American Enterprise Institute
Arndt, Sven W. and Bouton, Lawrence. 1985. Trade and Financial Interdependence in the World Economy. AEI Foreign Policy and Defense Review 5(4): 21-34.