Reciprocity, A National Policy For Foreign Trade, 1937
In 1937, Culbertson published a book supporting the Hull reciprocal trade policy. According to a review by George H. E. Smith, Culbertson's thesis is that " become a world state... Our overseas expansion will go on whether we like it or not... Our production, our finance, and our trade then must operate on a world stage. If they are confined within our political frontiers by a narrow nationalism, no amount of governmental regulation and of governmental generosity will bring about real prosperity... I have become convinced that we cannot possibly pay out nationally except through a tremendous revival in foreign trade, both imports and exports, which in turn will stimulate and enlarge domestic trade and enterprise." The book continues by discussing the evolution of tariffs and the mechanisms through which they are made, and concludes with suggestions for a permanent foreign trade policy.
Read more about this topic: William Smith Culbertson
Famous quotes containing the words national, policy and/or foreign:
“National isolation breeds national neurosis.”
—Hubert H. Humphrey (1911–1978)
“Men must learn now with pity to dispense,
For policy sits above conscience.”
—William Shakespeare (1564–1616)
“We are apt to say that a foreign policy is successful only when the country, or at any rate the governing class, is united behind it. In reality, every line of policy is repudiated by a section, often by an influential section, of the country concerned. A foreign minister who waited until everyone agreed with him would have no foreign policy at all.”
—A.J.P. (Alan John Percivale)