Pierson: Global Economy to Impact Future of U.S

By Titus, Nancy Raiden | THE JOURNAL RECORD, October 2, 1990 | Go to article overview
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Pierson: Global Economy to Impact Future of U.S

Titus, Nancy Raiden, THE JOURNAL RECORD

By Nancy Raiden Titus Journal Record Staff Reporter W. DeVier Pierson, an international attorney from Washington, D.C., warned a group of corporate women Monday that although the recent political and economic changes in the world have brought many desired outcomes, the status of the United States hangs on its economic and political resolve in the coming years.

His address was given to those assembled for the 1990 Corporate Woman of the Year luncheon hosted by The Journal Record Monday at the Sheraton Century Center Hotel Ballroom.

Pierson, who has been involved in national and international politics for many years, gave a speech entitled ``The New World Order: What It Is and How Will It Work?'' In it he gave information about the status of the United States in a world that is no longer dominated by the Cold War but by an increasingly global economy.

Pierson served as a special counsel to former President Nixon from 1968 to 1969 and was associate special counsel to the president and counselor of the White House from 1967 to 1968. He also was chief counsel for the joint committee on the organization of Congress in 1965 to 1967, a member of the advisory committee to the U.S. trade representative from 1978 to 1981 and a member of the U.S. delegation to the El Salvador legislative elections in 1988.

He was born in Pawhuska and was graduated from Classen High School in Oklahoma City. Pierson was a 1957 graduate of the University of Oklahoma School of Law. Since 1969, he has been a partner with Pierson Semmes and Finley in Washington. He was a lawyer in Oklahoma City from 1957 to 1965.

The text of his address follows:

``The New World Order is a term often used to describe the framework being developed for international political and economic cooperation as the Cold War ends and the world bands together against Iraqi aggression in the Middle East.

``I want to suggest to you that this year - perhaps even this month of October 1990 - may be the most challenging and dangerous period of recent times. This morning (Monday) President Bush has suggested to the United Nations that military force may be needed against Iraq if the sanctions are unsuccessful to force Iraq out of Kuwait.

``At a time when we suddenly have 150,000 men and women in the Persian Gulf, when a shooting war is altogether possible, and when wrenching worldwide economic hardship is likely, it would behoove all of us - whether our home is in Oklahoma or Washington - to spend a little time pondering the world in which we now live and how it is likely to change on the eve of the 21st century.

``To understand what is meant by the New World Order, we need to look back 45 years - to the end of World War II. When the war ended, the United States became the architect of the free world's economic and political order - its banker and its policeman as well. The United Nations was established as the organ for international peace-keeping cooperation. An infusion of U.S. dollars under the Marshall Plan restored the ruined economy of Europe. Japan was nursed back to economic health under a benevolent U.S. occupation. International economic organizations - the International Monetary Fund and the World Bank - were created to provide economic assistance to Third World nations. With memories still fresh of the disastrous trade policies of the 1920s and 1930s that had contributed to a global depression, a trading system was established to permit the free flow of goods throughout the world. In each of these areas of international cooperation, the United States took the lead.

``Americans were willing to accept this burden of world leadership for one reason - with the Soviet Union and Communist China, we had a well-defined and highly visible enemy. The Cold War has dominated virtually every major foreign policy decision in the past 45 years.

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