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DUALITY OF THE US TRADE POLICY

Gy. BECSKY
Acta Oeconomica
Vol. 22, No. 1/2 (1979), pp. 143-153
Published by: Akadémiai Kiadó
Stable URL: http://www.jstor.org/stable/40728695
Page Count: 11
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DUALITY OF THE US TRADE POLICY
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Abstract

A major ingredient of the US trade policy and of the deficit in the trade balance can be found in the field of monetary policy closely linked with oil and energy policy. The United States has durably settled down for big hydrocarbon and chiefly crude oil imports financed through dollar emission. At the same time the inconsistencies having surfaced since the end of the 1960's and manifest in the continual conflicts between free trade and protectionists trends rooted in the dual character of the American economy, are still present in the US trade policy.

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