ABSTRACT

ONETHINGeveryeconomist,regardlessofpersuasion,knewatthe endofWorldWarII:ShouldFrance(oranyoftheotherWestem Europeancountries)everrecovereconomicallyandbecomeprosper~ ousagain,hereconomywouldbequitedifferentfromthatofthe UnitedStates.Shewouldundoubtedlydevelopmarketsandcon~ sumerhabitsinkeepingwithherdistinctcultureandtradition.This wouldbetrue,everyonewassure,evenmoreforJapanwithher"non~ Westernculture,"andcertainlyforthetropicalareasofAsiaand Africa.