The economic challenge to the Western world. The responsibility and the duty of leadership for preserving world economic order falling on the small group of wealthy economic countries of the West, including the United Kingdom and Canada. The Organisation for Economic Co-operation and Development (OECD): the statement of aims. These aims as a starting point for redefining the problems that face the Western countries and as a measure of the degree of success so far in dealing with those problems. Consolidating and where possible strengthening the international framework within which the expansion of world trade has taken place. Threats to the international monetary system. The International Monetary Fund. Some crises. Better ways of developing the monetary system so as to underpin the steady growth of world trade and economic activity. The Special Drawing Rights scheme. The Basle arrangements. Economic conditions and development in the United Kingdom. Canada's position. Obligations to developing countries.
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