TITLE

COÖPERATION IS NOT ENOUGH

AUTHOR(S)
Franks, Oliver
PUB. DATE
October 1962
SOURCE
Foreign Affairs;Oct62, Vol. 41 Issue 1, p24
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the economic problems confronting the Atlantic group of nations. It is because of their international scale that the major economic problems in the relationships of the Atlantic group have become so difficult to deal with. And this statement in no way reflects on the reputation and success of the great international institutions set up at the end of the war— the United Nations, the World Bank and the International Monetary Fund. These all presuppose the political pattern of nation states, and their performance has been determined by the framework within which they work. Of recent years the International Monetary Fund, for example, has done magnificent work in keeping the international monetary mechanism running, it has intervened in crises with support and, when it appeared prudent, with advice, it has alleviated the crises and given time for national economies to adjust themselves to the facts of the current situation. The five years since 1957 have thrown up at least four international problems of vital importance to the Atlantic group of nations. They are long-term problems affecting the future even more than the present and their solution or the lack of it will determine the structure of the economic relationships of the group.
ACCESSION #
14719411

 

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