This book deals with several general themes and the analytical tools, the most important of which is VALAD. It discusses the impact of export subsidies on the economy and evaluates the evidence and conjectures on the role of OECD exports in the nineties.

part I|88 pages

The Rules and the Tricks

chapter 1|5 pages

There is a moral aspect

chapter 2|5 pages

The merits of imports

chapter 3|5 pages

Schacht – the pioneer

chapter 4|6 pages

Britain’s export evangelist

chapter 5|4 pages

Aid for importers

chapter 6|12 pages

Exporters are penalised

chapter 7|12 pages

Some assorted illegalities

chapter 8|19 pages

The theory and practice of VALAD

chapter 9|12 pages

The inequality of export-dollars

chapter 10|6 pages

Statistical games

part II|79 pages

A Catalogue of Crutches

chapter 11|4 pages

Oblique subventions

chapter 12|1 pages

An honest export subsidy

chapter 13|6 pages

Invidious compounds

chapter 14|13 pages

A benign welcome for foreigners

chapter 15|7 pages

The victimisation of foreigners

chapter 16|7 pages


chapter 17|9 pages

Cheap money

chapter 18|9 pages

The abuse of foreign aid

chapter 19|4 pages

Import Entitlements

chapter 20|8 pages

Tax abatements

chapter 21|7 pages


part III|54 pages

Some Unpalatable Consequences

chapter 22|10 pages

Barren exports

chapter 23|8 pages


chapter 24|8 pages

Domestic demand

chapter 25|5 pages


chapter 26|10 pages

Capital goods

chapter 27|9 pages

The scourge of countertrade

part IV|49 pages

Heretical Formulae

chapter 28|16 pages

There are alternatives

chapter 29|8 pages

We are entitled to know

chapter 30|6 pages

Free trade and full employment

chapter 31|16 pages

Free trade and no full employment