Ramsbotham explains the need for cooperation among Western nations. Because the economic health of individual countries is dependent on general global prosperity, each country's actions must be tailored to serve the common interest. Such efforts including coordinating energy conservation through the International Energy Agency, and managing international banking via the International Monetary Fund. He addresses the interdependence of the West and OPEC, emphasizing the benefits of cooperation over confrontation, and the need for global solutions. Finally, he recommends creating more international consultative organizations, like the Trilateral Commission, to determine how best to weather current issues of unemployment, inflation, and energy dependence.
- Hoover ID: Program 19750321
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