ECONOMICS: Translation Trouble

Whatever had become of postwar free trade?

Only a year ago, the U.S. had still believed that economic and political freedom were inseparable in One World. Since then, political hopes have been dulled by continued East-West tension, economic hopes are hardly mentioned at all. In London last week, an international group met (very quietly) to discuss free trade.

The group: U.N.'s Preparatory Committee of the International Trade and Employment Conference. It was significant that, in order to convene it at all, the sponsor (U.N.'s Social and Economic Council) had to promise timid participating nations that the meeting would be truly preparatory, and...

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