International Aspects of the President's New Economic Policies: Hearings, Ninety-second Congress, First Session ... September 13 and 14 and October 1, 1971, Volume 49,Página 92U.S. Government Printing Office, 1971 - 168 páginas |
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Palavras e frases frequentes
action adjustment administration agree American Article balance of payments balance-of-payments basic billion Bretton Woods Bretton Woods system capital central banks certainly Chairman committee competitive concerned CONGRESS THE LIBRARY costs countries currencies deficit devaluation developing DISC proposal dollar domestic effect employment exports financing fixed exchange rates flexibility floating exchange rate floating rate foreign freeze GATT going gold price hope import surcharge income increase industry inflation inflationary International Monetary Fund international monetary system international reserves Japan Japanese labor LIBRARY OF CONGRES LIBRARY OF CONGRESS major ment nations negotiations OECD parities percent position President price of gold problem question realignment reserve asset reserve currencies ROOSA SDR's Secretary CONNALLY Senator BENNETT Senator BYRD Senator FANNIN Senator HANSEN Senator HARTKE Senator NELSON Senator RIBICOFF Special Drawing Rights surcharge surplus Tariff tion Treasury U.S. dollar United VOLCKER wage
Passagens conhecidas
Página 26 - January 1958 or the earliest practicable date thereafter, contracting parties shall cease to grant either directly or indirectly any form of subsidy on the export of any product other than a primary product which subsidy results in the sale of such product for export at a price lower than the comparable price charged for the like product to buyers in the domestic market.
Página 22 - ... shall be not more than 3 years from the date on which the agreement becomes effective. If the agreement is not terminated or withdrawn from at the end of the period so specified, it shall be subject to termination or withdrawal thereafter upon not more than 6 months
Página 145 - General Arrangements to Borrow" in the International Monetary Fund and reiterated their determination that these resources would be available for decisive and prompt action. "4. In reviewing the longer-run prospects, the Ministers and Governors agreed that the underlying structure of the present monetary system — based on fixed exchange rates and the established price of gold — has proven its value as the foundation for present and future arrangements.
Página 24 - President, whenever he finds as a fact that any existing duties or other import restrictions of the United States or any foreign country are unduly burdening and restricting the foreign trade of the United States...
Página 26 - ... in the sale of the commodity for export at a price lower than the comparable price charged for the like commodity to buyers in the domestic market...
Página 105 - If other governments will make tangible progress toward dismantling specific barriers to trade over coming weeks, and will be prepared to allow market realities freely to determine exchange rates for their currencies for a transitional period, we, for our part, would be prepared to remove the surcharge.
Página 144 - the gold exchange standard >as a foundation and supplements them as needed with continued international cooperation, on which so much past progress has been based. I have no doubt that our present international monetary system, supplemented *and modified gradually over time, can continue to provide a framework for sustained expansion of world trade and payments and, in turn, for uninterrupted advance in living standards throughout the world.
Página 5 - We cannot turn inward. We cannot drop out of competition with the rest of the world and remain a great nation. Because when a nation ceases to compete, when it ceases to try to do its best, then that nation ceases to be a great nation.
Página 140 - I can now put to you the following question : is there any reason to think that a higher gold price would help to bring about the needed adjustment? It can be taken for granted that a unilateral devaluation by the United States is impossible : a change In the price of gold in terms of dollars would undoubtedly be accompanied by an equal change In terms of virtually all other currencies. Would the US balance of payments Improve as the result of such an Increase in the price of gold? Only to the extent...
Página 22 - B. (1) I hereby terminate in part for such period as may be necessary and modify prior Presidential Proclamations which carry out trade agreements insofar as such proclamations are inconsistent with, or proclaim duties different from, those made effective pursuant to the terms of this Proclamation. (2) Such proclamations are suspended only insofar as is required to assess a surcharge in the form of a supplemental duty amounting to 10 percent ad valorem. Such supplemental duty shall be imposed on...