International Economy: A Steady Performance

From the Common Market to the Far East and from Canada to South America, the steady and gratifying economic growth of the free world's industrial nations in 1963 provided a striking contrast to the widespread economic difficulties of the Communist bloc. There were economists, of course, who complained that one nation's boom was racing too fast, that another's was losing headway, or that still another's could not continue without strong medicines. But no one could gainsay the fact that most free, industrialized nations stood clear of crucial economic problems—while the Soviet Union's wheat crop failed, Red China's economy continued...