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George W. Stocking Biography

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“International trade in chemical products is not free. . . . Joint control of the market became the general rule; free competition, the exception.”

Competition Free Trade

Book:Cartels in Action: Case Studies in International Business Diplomacy

Source: Cartels in Action: Case Studies in International Business Diplomacy

“Under ordinary competitive conditions, any long and serious maladjustment between supply and demand cannot last.”

Supply And Demand

Book:Cartels in Action: Case Studies in International Business Diplomacy

Source: Cartels in Action: Case Studies in International Business Diplomacy

“the German and Japanese governments heavily subsidized their chemical industries for war purposes. Government subsidies, direct or indirect, spurred German developments in synthetic rubber and plastics, synthetic fuels, light metals, and various other substitutes for natural materials. However, the world's chemical industries would have grown rapidly without artificial encouragement.”

Growth Artificial Intervention Subsidy

Book:Cartels in Action: Case Studies in International Business Diplomacy

Source: Cartels in Action: Case Studies in International Business Diplomacy

“it is easier to induce national governments to discriminate against foreign producers than to defend the interests of domestic consumers”

Economics Tariffs

Author:George W. Stocking

“Aluminum is a metallic element—one of the principal constituents of the earth's crust. Only oxygen and silicon are more abundant. Aluminum does not occur naturally in its pure form, but only in a wide variety of compounds.”

Aluminum Cartel

Book:Cartels in Action: Case Studies in International Business Diplomacy

Source: Cartels in Action: Case Studies in International Business Diplomacy

“The record is plain: the cartel system retarded the development of a domestic synthetic rubber industry, and, in so doing, jeopardized national security.”

Nationalism Economic Warfare

Book:Cartels in Action: Case Studies in International Business Diplomacy

Source: Cartels in Action: Case Studies in International Business Diplomacy