When Jimmy Carter arrived in London at week's end to huddle with the leaders of the world's six other major industrial nations, he brought along a hatful of news items about a quickening U.S. economic upswing that must have been both the hope and the envy of his fellow heads of government. The hope because a strong U.S. recovery can do much to wipe out the last vestiges of the 1974-75 world recession by providing a growing market for other countries' exports. The envy because the world economy sorely needs such help;...
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