ABSTRACT
The British Empire has tried to co-ordinate some of its economic activities by means of inter-dominion and inter-colonial committees with advisory powers. The most important of these are the Imperial Shipping Committee, the Imperial Economic Committee, the Empire Marketing Board, and the Imperial Committee on Economic Consultation and Co-operation. The Union of Socialist Soviet Republics is a political unit comparable in size with the British Empire and in some measure comparable to it in its federal form. Industry in Russia is divided into three categories: first, that which is important to the whole Union, second, that which is important to only one Republic, and finally, that which has only local importance. The Paris Peace Conference's achievement was to condemn the old conception of economic isolation and to establish in the League of Nations an organism capable of developing concerted action.
