By Max Kohnstamm
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Extra info for A Nation Writ Large?: Foreign-Policy Problems before the European Community
The size of reserves relative to speculative money flows). The attempt would surely put an intolerable strain on the internal workings of the Community itself. Members are not subject to the same degree for economic as well as political reasons - to the 'load' of global interdependence, nor are they equally committed to keeping it a reality. To seek to cope with interdependence in dispersed order could only have one result: the preponderance of the social and economic objectives of the strongest in the system, the United States.
The multilateral approach would also help to persuade our rich partners to ·subscribe to long-term contractual engagements vis-a-vis the third world, to co-ordinate our efforts, and to give a participatory voice to the third world. It is of course necessary that the Community be represented as an entity in world bodies dealing with economic questions. The organisational and intellectual resources of the European Development Fund could thus be partially used to formulate Community policy positions in the World Bank.
The Community must also recognise that increased economic interdependence, which is the aim of its Mediterranean and African policies, puts a much heavier strain on the LDCs than on us. The treaties linking us with these countries introduce an element of rigidity, not to say a lack of freedom of action, which is politically undesirable among non equals, and may be economically harmful. This point is further developed in Chapters 9 and 10, on the Mediterranean and the developing countries. In a few instances, notably for a number of commodities 48 A Nation Writ Large?
A Nation Writ Large?: Foreign-Policy Problems before the European Community by Max Kohnstamm