"Look at world production curves and compare them. In the U.S., industrial production has increased 8% in two years. In Europe, 1%. This figure does not include Germany, purposely. It has increased 13%. Let's look at the Soviet bloc. What do we see? A continued development."

The speaker: France's Robert Marjolin, secretary general of the Organization for European Economic Cooperation, the European clearinghouse to deal with U.S. economic aid. His worry: that unless Western Europe overhauls its economic thinking it will never catch up.

Western Europe's chief problem, he said last week, is no longer the dollar shortage. The lags in expansion...

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