Business: Facing a Global Dilemma

When Jimmy Carter assumes the presidency next January, he will have the world as well as the U.S. economy to worry about. According to increasingly concerned economists on both sides of the Atlantic, the outlook for the faltering economic recovery in Europe could be determined by how fast Carter moves to quicken the pace of American business. These experts fear that unless the U.S. helps to speed up sluggish global growth by adopting a more stimulative course soon, the entire industrialized world could fall into another recession. Such a downturn could well be hastened if, as expected, the Organization of Petroleum...

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