ABSTRACT
The process of evaluating the pros and cons of the proposed monetary rules is under way. What has so far emerged, after lengthy negotiations in some of the most beautiful cities of the world—including Nairobi, the modern metropolis in East Africa, and Rome, the ancient metropolis of Western civilization—is at least a basic concept. The oil-producing countries are successfully making the most of their market position for obtaining a larger share in the world product. European integration is a historically necessary process that must be measured against European criteria. To use energy nomenclature: just as a high-energy neutron breaks through the electrical shielding which surrounds the atom and penetrates into the nucleus, oil has shaken the very foundations of the present world economic system. And just as the neutron may induce oscillation and shatter the nucleus, oil may shatter the laboriously built structure of the world economy.
