ECONOMICS: Give a Hand, Here

Since World War II, the U.S. has poured out $72.6 billion in grants and long-term credit. As their economies revived, the gold and foreign currency reserves of Western Europe and Japan combined rose from $8 billion to $24 billion—while the U.S.A.'s once huge surplus of gold reserves melted away.

Last week, in the bluntest language yet employed in public, the U.S. told its economic partners that the time has tome when they have got to take on their share of helping other nations, above all the newly independent countries, where continued political independence depends on economic stability and growth. The...

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