With the ending of the Cold War, the search for a new international and economic order has begun. This text examines the role of key economic power brokers, particularly the USA, in the reconstruction and reconfiguration of an international economy after World War II. The author argues that the US policy efforts were so successsful that they led to an unprecendented renewal of economic growth, living standards and education levels in postwar Europe and Japan. Ironically, those same policy successes unintentionally fostered the relative decline of US dominance on the world trade scene as the reduction of trade and investment barriers prompted friction and conflict between different kinds of capitalist systems. Identifying the historical and legal issues in postwar trade policy, Ostrey attempts to chart our economic course through the last half of the 20th century and into the next.
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Raised in Winnipeg, educated at the finest schools and possessed of a mind that is acute, quick, thoughtful, and deep, Dr. Sylvia Ostry has been a senior public servant, an international advisor, an acclaimed scholar, and a prolific writer. She has participated in some of the most important economic gatherings of our time and deserves no small amount of the credit for their achievements. She teaches and writes, researches and advises Canadian and international organizations about where the world is headed and how that could or should change.
Identifying the historical and legal issues crucial to understanding postwar trade policy, Sylvia Ostry uses the lessons of the past to help chart a course for future trade policy.
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