In the 1970s, foreign economic policy generally took a back seat to the so-called high politics of national security and the Cold War.

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During the 1970s, the primary focus of many countries, especially the major powers, was on national security and the strategic considerations of the Cold War, rather than on foreign economic policy. This era was characterized by intense geopolitical rivalries, particularly between the United States and the Soviet Union, which often overshadowed economic issues.

In the 1970s, Foreign Economic Policy Generally Took a Back