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Published online by Cambridge University Press: 12 April 2017
Few periods of history disclose less harmony, mutual respect and trust among nations than the present. It may therefore seem inappropriate in such an atmosphere to discuss the place of law and courts, since they can function effectively only in periods of relative stability. Yet the very fact that international law is in some respects passing through a depression may sharpen our perspective and emancipate us from the illusions of the recent past. We may get a better grasp on realities and more correctly gauge the prospects for an ordered international life.
1 See Recommendation No. VII of the Final Act of the Inter-American Conference on Systems of Economic and Financial Control, Washington, Jane 30–July 10, 1942.
2 “The United States in the World Economy, 1940: Some Aspects of Our Foreign Economie Policy,” address delivered Dec. 30, 1940, printed in Department of State Bulletin, Jan. 11, 1941; “The Problem of Economic Peace After the War,” address delivered March 4, 1942, published by Department of State as Publication 1720.