Abstract

Editorials
April 29, 1944 issue

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The proposal for an International Stabilization Fund, which has been agreed upon in principle by the experts of some thirty nations, suggests nothing approaching a super-government. At every point the plan defers humbly to national sovereignties. If one continues to sell more goods and services abroad than buying, the demand on the Fund for dollars will outrun the supply. In this event, the managers may apportion the supply and authorize member slates to restrict exchange dealing in dollars with a view of rationing their own nationals. Many businessmen are looking to world markets as an outlet for surplus goods and a means of maintaining employment.

See Also:

INTERNATIONAL trade; SUPPLY & demand; DOLLAR; SOVEREIGNTY; BUSINESSMEN; EMPLOYMENT (Economic theory)
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