ECONOMICS: Gaston at Geneva

The sun was bright, and distant Mont Blanc was clearly visible to the delegates in Geneva last week. They were in town for the long-awaited International Trade Organization preparatory conference on breaking down trade barriers. Inside the huge Palais des Nations, the visibility was much lower. A procedural matter got the Americans and the British snarled up right away.

The Americans thought that each of the 18 delegations should lay its bargaining schedules (its demands and proposed concessions) on the table for everybody to see. The British said that such facts & figures should be unveiled only in the privacy...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!