The Nation: Wrestling with the World Economy

At the London summit, President Carter will try his hand at dealing with persistent ailments that are afflicting the world's economy: inflation, unemployment and destructive trade imbalances. To a great extent, the assembled leaders will be waiting to see how Carter proposes answers to this complex of pressing problems.

At the core of the meeting will be the grim fact that with the exception of the U.S. and Japan, the world economy is showing virtually no sign of improvement and is not expected to this year. The Economic Commission for Europe, a Geneva-based U.N. organization, predicts that Western Europe's output of goods...

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