ABSTRACT
Appropriate international monetary arrangements are in a sense the basis of a healthily functioning world economy. It is true that they would not be sufficient to ensure that world trade and real incomes expand at as fast a rate as is thought desirable and feasible, still less to ensure that sufficient resources are devoted to solving the over-riding problem of preventing poverty: but without appropriate international monetary arrangements it will be virtually impossible to achieve the principal objectives that are, or should be, in the minds of policy-makers.
