Comment on John P. Hardt and George D. Holliday, East-West Financing by Export-Import Bank and National Interest Criteria.

by Abraham S. Becker

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Examines and underlines the importance of the goal set forth by John P. Hardt and George D. Holliday--helping to formulate a more rigorous set of criteria to define the national interest in any given transaction coming before the Export-Import Bank. Hardt and Holliday suggest six ways in which U.S. private corporate and U.S. national interests in particular transactions might diverge and a number of other situations in which a community of interest might obtain. This paper comments selectively on the set of convergent situations and concentrates on some underlying considerations that should govern the national interest calculus. Since Hardt and Holliday are concerned to "maximize U.S. economic and political benefits in commercial relations with the Socialist countries" and believe that "Exibank's programs may represent the most useful bargaining tool which the Government can wield," this paper attempts to understand the Soviet view of the gains to be derived from trade. 7 pp. (JR)

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