THE Hauraki Plains Gazette With which is Incorporated THE OHINEMURI GAZETTE MONDAY, WEDNESDAY, FRIDAY “Public Service” MONDAY, AUGUST 1, 1949 HEADACHES FOR RECOVERY PLANNERS

Hauraki Plains Gazette, Volume 58, Issue 4167, 1 August 1949, Page 4

THE Hauraki Plains Gazette With which is Incorporated THE OHINEMURI GAZETTE MONDAY, WEDNESDAY, FRIDAY “Public Service” MONDAY, AUGUST 1, 1949 HEADACHES FOR RECOVERY PLANNERS

The economic life of the world may be compared with traffic moving in a busy street, the traffic being governed with the rhythmic red, amber and green signals of danger, warning, and safety. As long as the traffic is regular, trade is secure. A crash in the traffic is disastrous, but can be remedied quickly. Conjection and jugging for position can be a calamity that only a long period can right. A new word has been found to describe that period—recession. Reports from overseas tqll of completion both internal and external in the economic life of nearly every country. Manufacturers are facing and fearing competition from recovery industries. Under these conditions manufacturers will tend to undersell competitors and that is the worry for the world’s planners, economists and administrators. 1

Each country, must at least, maintain her internal and external markets in order to maintain its people on a standard of living that will give them social security. But there is a feverish recovery of industry in every country. These industries must come into competition with established industries and with one another. Underselling appears the answer to such conditions, and the result of that will be recession or depression, both are the same. Then will start the pushing and jostling for position in the world’s trade highways. It appears almost ironic that the operators of aid to distressed and devastated countries should have their aid returned in the form of competition in trade.

All these conditions were known to the world’s leaders and planners. How to absorb those goods into the line of international trade is the cause of headaches to the planners. There is no denying that the goods are needed by the world’s races and it is desirous that economists and governments meet the issues with a definite plan. How? Nobody appears willing or able, at present, to answer that question.