UN General Assembly
1986

The key currency countries need to become more aware of their role and, more important, of their responsibility, given the effects of their domestic policies upon the international economic system. For far too long, these countries have adopted policies which have impaired the proper functioning of the international economic system. There is growing recognition that co-ordination and harmonization of interests are crucial to the long-term coherence, viability and vitality of the international economic system. Last year there were signs of a new commitment to growth-oriented policies, lower interest rates, realignment of currencies and closer co-ordination of national policies. Summitry and declarations of intent, however, are not enough.