Letters, Jan. 3, 1955

World Economic Policy Sir: Re the Dec. 13 article, "New Front in the Cold War—the U.S. Searches for a World Economic Plan": no mention is made of the only realistic way to strengthen the economy of other nations and to raise their standards of living. The answer is price. Without encouraging other peoples to raise their price levels, increase their workers' wages, utilizing their own raw materials for their own betterment rather than dumping them upon nations that already have abundance, there can be no lasting improvement in their standards of living ....

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