Europe and the United States in the World Economy

Europe and the United States in the World Economy

Europe and the United States in the World Economy

Europe and the United States in the World Economy

Excerpt

It was an honor for me to be asked to speak in a great American university, Duke, under the sponsorship of the Merrill Foundation for Advancement of Financial Knowledge, and I earnestly hope that what I had to say there will be of value to the reader. I must confess that after almost ten years of uninterrupted activity as a national or an international civil servant, I found it a little hard to sit down at my desk and try to piece together systematically the various parts of the gigantic puzzle which represents the economic life of our world.

I could not hope for more than partial success in this attempt. The task is probably beyond the strength of any one man, and my experience is limited to Western Europe and the United States. I have concentrated on those parts of the picture where I could hope to make a positive contribution. I had three main objectives in mind, three distinct but very closely related objectives:

To describe the progress made and the setbacks suffered by Europe in the preceding three years in its efforts to stand once again on its own feet and to create for its peoples stable and prosperous living conditions.

To analyze the new position of the United States in world economy and the many ways by which the growth . . .

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