| Problem | Components |
|---|---|
| Policy issue area: | World |
| Policy issue: | Economy |
| Description: | Serious instability of the world monetary system. |
| Symptoms: | Global inflation; unmanageable national indebtedness to international lending institutions; soaring national fiscal deficits. |
| Causes: | Decline in the rate of economic development; political mismanagement. |
| Cost of problem: | - |
| Solution | Components |
| Resources: | International financial institutions; governments and financial institutions of industrialized countries. |
| Goal: | Encourage economic cooperation among nations, and create new financial and monetary mechanisms to encourage world economic development. |
| Program area: | World economic development |
| Program-remedy: | 1. Restructure, and in some cases forgive, Third World debts 2. Developed nations to provide more foreign aid 3. Create new mechanism for managing the international financial system. |
| Program-prevent: | Implementing the U.S. Grand Moral Strategy of dismantling gradually military establishments, in cooperation with our allies, to provide additional funds for development. |
| Cost of program: | - |
| Beneficiaries: | Economies of both developed and less developed countries. |