Report of the Proceedings of the International Free Trade Conference London Oc
Report of the Proceedings of the International Free Trade Conference London Oc
International Free Trade Conference 1920 London
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Force of circumstances will compel the nations to economise their man power and to secure as great an output as formerly by greater specialisa- tion. This means that nations will become less and less self-contained and more and more dependent upon the free exchange of goods for their financial stability. The ultimate effect of such specialisation will be an immense expansion in productive power, both actual and in propor- tion to population, which involves a greater volume of international comm...erce. This means, in turn, that nations will be more closely bound in one economic family, and war will not only become more disastrous but more impossible. With the disappearance of war and the freer exchange of goods between the nations financial stability would become much greater than ever in the past. Therefore, the restora- tion of financial stability to the world greatly depends upon 59 INTERNATIONAL FREE TRADE CONFERENCE the adoption by all the nations of a universal policy of free exchange.
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