July 04, 2003

Books: Baumol and Gomory

Ralph E. Gomory and William J. Baumol (2000), Global Trade and Conflicting National Interests (Cambridge: MIT Press: 0262072092). Posted by DeLong at July 4, 2003 11:37 AM | TrackBack

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"Airbus believes it is finally poised to top US arch-rival Boeing in the aircraft-makers' league. The Toulouse-based plane maker said it would deliver 300 planes this year, while Boeing is forecasting 275-285."

- from: http://news.bbc.co.uk/1/hi/business/2656205.stm


"[In 1984] the Wall Street Journal reported that a Boeing top official urged President Reagan to take prompt, informal action against Airbus Industrie to force it to compete fairly for passenger aircraft sales around the world. Although visibly angry, Mr Dean Thornton, president of Boeing's commercial airplane unit, stopped short of asking Mr Reagan to file unfair trade practices charges with the US trade officials against the European consortium. He openly accused the Airbus Industries' national owners of having pumped an estimated $10 billion into the group without regard to profit and urged Washington to pressure France, Germany and Great Britain to disclose fully how much they subsidized Airbus and the financial results of the consortium."

- from: David Yoffie: International Trade and Competition; McGraw-Hill (1990), p. 333

Posted by: Bob on July 5, 2003 01:33 PM
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