ABSTRACT
The Alastair Buchan Memorial Lectures have been established as a tribute to the Institute's first director. The 1977 Lecture was delivered by Helmut Schmidt on October 28, 1977. Alastair was a brilliant thinker on subjects concerning war and peace. To avert the dangers arising out of Third World instability the West has to pursue a policy aimed at the peaceful solution of conflicts and a peaceful conciliation of interests in those regions. Markets must be kept open for industrial exports from the Third World as well. The Western countries need cooperation with the Third World on a basis of trust, and it is in their own uppermost interest to integrate the developing countries fully into the system of world trade. The Western countries depend on massive imports from the Third World. Imagine the implications for Western economic security if the Soviet Union, with South Africa and Rhodesia as her allies, were to monopolize, for example, world chromium supplies.
