“I agree with Secretary Baker.” (Karl Otto Pohl, president of Deutsche Bundesbank, sees international cooperation as the only hope for continued growth of the world’s economy)

“I AGREE WITH SECRETARY BAKER’

The global economic upheavals of the 1970s and 1980s have taught us to look out beyond national boundaries. The international merchandize and financial markets carry economic fluctuations, such as the swings in oil prices and the dollar rate, all round the world. International cooperation has become at once more necessary and more difficult than ever. It is generally agreed that the industrial countries must cooperate to guarantee the smoothest possible growth of the world economy.