ABSTRACT
The new administration's attitude toward international economic problems was partly shaped by the view that the less the market was interfered with and the longer trade liberalization and global interaction continued, the more positive would be the results. Within the original framework of the Republican administration, international economic policy was relegated to a secondary position, in sharp contrast with the relatively intense and systematic attention paid to it by the preceding Democratic administration. The United States' position on the reduction of trade and international investment barriers by negotiation was clearly expressed at the General Agreement on Tariffs and Trade meeting held in November 1982. International economic policy was a low priority for the Republican government due to the Reagan administration's orientation and thinking on both overall foreign policy and domestic economic policy. Trade flows constitute the main real channel through which recessive effects are transmitted on an international scale.
