America's 'Pacific Rim' Strategy

T H E REASONS FO R DISSENSION am ong A m erica’s rulers are clear. The war has destroyed the precious consensus while th reat­ ening to undermine the economy. Besides the th reat to the dollar particularly from E uropean bankers, rising inflation, and a worsen­ ing balance of paym ents situation — all aggravated by an economy fired up by military expenditures — the very foundation of A m eri­ can international expansion, the superior productivity of the U.S. economy, has been eroded.