NORTH AMERICA’S ROLE AS IMPORT MARKET
(10 am.) NEW YORK, Nov. 1. North America must now replace Europe as the dynamic centre and cbiet support of the world trade structure, said Mr. Donald Gordon, - Deputy Governor of the Bank of Canada, addressing the National Foreign Trade Convention. The United States, particularly, would nave to assume the role of furnishing a ready import market for the goods other nations. He said only by such action could the dollar shortage be effectively and permanently overcome. "Experience has shown that a multilateral world has to be underwritten by some country," he said. Britain and European countries had done that job up to 1941. Now they did not have the strength to continue. Now was the right moment to deal with the matter, said Mr. Gordon, who added that there were difficult economic and social problems involved in reducing the degree of protection given to domestic industries. “But if substantial progress cannot be made in this direction, I believe the consequences for our North American way of life will be far more serious. This issue will provide the acid test of belief in free enterprise and political maturity.
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Gisborne Herald, Volume LXXVI, Issue 23091, 2 November 1949, Page 7
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194NORTH AMERICA’S ROLE AS IMPORT MARKET Gisborne Herald, Volume LXXVI, Issue 23091, 2 November 1949, Page 7
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