Common Market vs. The United States

Archive Report

Issues of Expanding the present

American Stake in British Decision on Entering

Britain's approaching decision on whether to join the European Economic Community (“Common Market”) weighs heavily on this country's economic future. Economists on this side of the Atlantic are hopeful but apprehensive about an enlarged Common Market. They wonder whether it would become primarily a partner or competitor of the United States in world trade. American fears of the latter come at a time when economic troubles at home have brought on trade deficits and undermined the supremacy of the dollar in global commerce.1 The Common Market countries and Britain have been at odds with the United States over a number of economic restrictions—including a 10 per cent surcharge on imports—President Nixon imposed Aug. 15; ...

locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles