ABSTRACT

Throughout the whole of its life, the ITC was the subject of considerable controversy and the issues in contention can be viewed from three different vantage points, depending on the status accorded to the principle of cartelization itself. The first suspends judgement on that principle and simply reviews the experience of the ITC against its professed objectives. The second applies the analytic categories of neo-classical economics to challenge that principle. The third steps outside those categories which results in casting the principle in a more positive light. All of these three positions have a predominantly normative objective and this chapter will consider the strength that lies behind the main arguments they have supported.