By Werner Link
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They are something like the benefits of price stability which the British government at present promises the trade unions if they show restraint in making wage demands. This smacks of "pie in the sky," when compared with the fatter and more visible wage packet which enables a bigger basket of goods to be bought even though the prices of those goods may rise to restore the original real income later. Above all we must remember the all-too-vital politics of international cooperation in this matter of resource allocation.
In this process of mutual adjustment the two or more sides will mobilize behind their arguments all the inducements in their power, ranging from more or less persuasive advocacy to more or less veiled threats of the consequences for the other side or sides if a settlement on the indicated terms is not reached. The purpose of this mobilization of blandishment and threats by each side or every side is to heighten the interest of the other, or others, in a settlement on the proffered conditions and at the same time to enhance the costs and drawbacks of not reaching a settlement.
10) Gamani Corea, " U N C T A D and the International Economic Order," International Affairs (London: R I I A , April, 1977). (11) The TimesTMay 9, 1977. (12) See the account of the integration process in the North Atlantic system given by Elliot R . Goodman in The Fate of the Atlantic Community (New York: Praeger, 1975). 4 ••Coordinating Foreign Policies: Problems Within the Atlantic Alliance Wolfram F. Hanrieder INTRODUCTION The forces of nationalism, aside from the inhibitions created by the nuclear balance, have proved to be the major restraint placed upon the conduct of the super-powers in the period after World War II.