Contents

Acknowledgements

List of Tables

List of Figures

Introduction

1	Background to the Upheavals and Settlement Attempts of the 1970s
	An overview of the backdrop to EC and US difficulties in the early 1970s.
	Trade expansion, trade interventionism and extension of corporations’ activities beyond national borders
2	Conflict and Cooperation on Trade Issues Between the Transatlantic Partners and the Launching of a New Multilateral Round of Trade Negotiations
	The background to the Tokyo Round negotiations
	The undoing of the Bretton Woods regime and its impact on trade relations
	The Road towards a new round of multilateral trade negotiations in the GATT
3	Crisis and Unstable Recovery (October 1973–December 1976)
	The economic conjuncture and its impact on domestic and international policies in the United States and in the European Community
	The initial phase of the multilateral trade negotiations
	Bilateral agreements and disputes in the framework of GATT
4	The Slackening of Growth in the EC Countries and the Strengthening of Protectionism on Both Sides of the Atlantic
	Differences and similarities in the economic trend of the transatlantic economic areas and their impact on the EC and US economic policies
	Growth and recession in main US and EC industries and measures adopted to support them
	A comprehensive assessment: to what extent was protectionism on the rise in the years following the first oil crisis and which forms did it take?
5	The Last Phase of the Uruguay Round
	The re-launch of the multilateral negotiations under the Carter administration
	The final stages of the negotiations
	Results of the Tokyo Round
6	The end of the 1970s and the Dawn of a New Decade: the Second Oil Shock and the Aftermath of the Tokyo Round Negotiations
	The second oil shock and its impact on the US and EC economies
	The implementation of the Tokyo Round codes
	Sectors calling for financial aid and protection from foreign competition
	Overview of the development in the 1970s from the perspective of the following decade

Conclusions

Appendix

Notes

Bibliography

Index