Adverse Consequences of Trade Embargoes
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Authors
Madigan, Edward R.
Issue Date
1994
Volume
27
Issue
Type
Journal Article
Language
Keywords
Alternative Title
Abstract
FIRST PARAGRAPH(S)|It is hard to believe that the Peruvian anchovy harvest and the Watergate affair could impact on international trade negotiations occurring twenty years later, but those events did have a major effect on trade relations between the United States and the European Community ("E.C.") throughout the 1980s and early 1990s. |Inflation in the early 1970s was considered to be so out of control that President Nixon agreed with the imposition of wage and price controls. The Peruvian anchovy harvest, a protein source, was well below expectations; and U.S. soybean prices skyrocketed in response, reaching levels in excess of twelve dollars per bushel, more than double recent quotes. Consumer organizations were not mollified by the wage and price controls and were staging food cost protests outside the White House...
Description
Citation
27 Creighton L. Rev. 941 (1993-1994)
Publisher
Creighton University School of Law